How much should you pay for restaking security?

التفاصيل البيبلوغرافية
العنوان: How much should you pay for restaking security?
المؤلفون: Chitra, Tarun, Pai, Mallesh
سنة النشر: 2024
المجموعة: Computer Science
Quantitative Finance
مصطلحات موضوعية: Computer Science - Computer Science and Game Theory, Quantitative Finance - Risk Management
الوصف: Restaking protocols have aggregated billions of dollars of security by utilizing token incentives and payments. A natural question to ask is: How much security do restaked services \emph{really} need to purchase? To answer this question, we expand a model of Durvasula and Roughgarden [DR24] that includes incentives and an expanded threat model consisting of strategic attackers and users. Our model shows that an adversary with a strictly submodular profit combined with strategic node operators who respond to incentives can avoid the large-scale cascading failures of~[DR24]. We utilize our model to construct an approximation algorithm for choosing token-based incentives that achieve a given security level against adversaries who are bounded in the number of services they can simultaneously attack. Our results suggest that incentivized restaking protocols can be secure with proper incentive management.
نوع الوثيقة: Working Paper
URL الوصول: http://arxiv.org/abs/2408.00928
رقم الأكسشن: edsarx.2408.00928
قاعدة البيانات: arXiv