About the Fellows Program
Who This Is For
The Fellowship program is for engineers, academics and students who want to shape the future of decentralized finance. They bring their various professional experiences and skills in to the DeFi Ecosystem. As a Fellow, you’ll immerse yourself in the world of DeFi while crafting your own unique journey.
How It Works

HYBRID FORMAT
The fellowship begins remotely in the fall, with a kickoff call with your mentor. Throughout the year, we will host events around upcoming research conferences.
The fellowship begins remotely in the fall, with a kickoff call with your mentor. Throughout the year, we will host events around upcoming research conferences.

FELLOWSHIP KICKOFF
During the first month, you will have a kick off call with your mentor, where you will set the frequency of your meetings and how you will use your time. By the end of this month you should have a clear plan to work towards for the duration of your Fellowship.
During the first month, you will have a kick off call with your mentor, where you will set the frequency of your meetings and how you will use your time. By the end of this month you should have a clear plan to work towards for the duration of your Fellowship.

DELIVERABLES
Deliverables at the end of the program: Either a paper or open github repo if work is ongoing, a talk at the Inaugural TLDR Conference in May 2024, a blog post that explains your work.
Deliverables at the end of the program: Either a paper or open github repo if work is ongoing, a talk at the Inaugural TLDR Conference in May 2024, a blog post that explains your work.
What You'll Receive
Salary
You’ll receive a $10,000-$50,000 stipend for the duration of your fellowship, giving you time to focus on your DeFi research.
Support
You will have access to a dedicated mentor who has domain expertise in the topic you’re writing on.
Network
You’ll have the opportunity to meet the cohort of fellows and council at events. In addition, you will present your research at the TLDR Conference in 2024.
Request For Papers (Applications Closed)
This RFP addresses concerns about the centralization of block production on Ethereum, particularly by top builders who have proprietary information and competitive advantages. The RFP aims to understand the builders' bidding strategies, economics, and behavior patterns in the MEV supply chain. The research seeks to explore topics such as builder behavior, payment funnels, strategic bidding, merging algorithms, profitability, order flow, MEV redistribution, and the macro/systemic impact of block bidding. Applicants can choose specific angles of research or conduct a comprehensive study to increase decentralization and identify areas for improvement.
This RFP focuses on the challenges and issues associated with decentralized governance structures, particularly in the context of DAOs. The RFP seeks proposals to address three main problems: the distribution of voting tokens, the lack of active participation in voting by a decentralized set of stakeholders, and incentive alignment between governance participants and the rest of the stakeholders or system participants. The objective is to conduct theoretical and/or empirical research to examine voting rules, token distributions, and game-theoretic mechanisms to provide actionable insights and guidance for the future operation of DAOs. The RFP emphasizes the need for formal theoretical studies as the primary scope of the proposals.
This RFP seeks proposals to address the limitations of current MEV auctions. It poses questions about the properties, assumptions, and security aspects of MEV auctions, aiming to bridge the gap between theory and practical implementation. The RFP emphasizes the need to ensure censorship resistance, incentive compatibility, and user preference enforcement in MEV auctions.
This RFP seeks researchers to investigate and optimize fee structures for Zero-Knowledge Proof (ZKP)-based systems. The proposal calls for a combination of theoretical analysis and empirical research, aiming to design efficient fee mechanisms for ZK-Rollup architectures. The objective is to minimize transaction fees while maintaining high throughput and low latency. There are several key areas of investigation, including rollup semantics, ZKP cost versus batch size, transaction fee anatomy, ideal VC properties, and fee market mechanism design. The research should provide formal and empirical reasoning for optimizing transaction costs in different settings and propose improvements to existing fee market designs.
This RFP seeks mechanisms to address the challenge of state growth in public blockchains. It calls for a pricing mechanism that accounts for cumulative resources like storage and offers design tradeoffs such as state rent versus expiry. The project should include empirical analysis of state growth in specific blockchains and simulated analysis of the proposed mechanism. The goal is to understand the impact of state growth on sync time and throughput and to improve blockchain performance. The RFP suggests exploring existing frameworks for multidimensional resource pricing as a starting point.
This is an RFP focused on the implementation of various proposed DeFi mechanisms. This RFP has three primary goals: comparing practical performance to theoretical claims, identifying implementation details that affect performance, and addressing security issues during development. Despite the abundance of research on improving DeFi protocols, many proposals remain unimplemented due to various reasons. This RFP aims to bridge the gap by providing reference implementations of valuable mechanisms, even if they are not widely adopted due to technical complexity or economic considerations.
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Meet the Research Council
Design and analysis of DeFi mechanisms (including stablecoins, AMMs, oracles, governance systems), modeling economic security, modeling risk and contagion in DeFi protocols
zero-knowledge proof design and development, distributed systems, consensus protocols and ZKP mechanism design
MEV, DEX, Data Research
optimization, cfmms, probability
decentralized mechanism design, game dynamics, auction design, algorithmic game theory
AI, Algorithmic Economics and Security
MEV + Oracle research implemented as hooks on Uniswap v4, Flashloan/sandwich auctions, Routers, Incentive Design
Governance, DAOs, voting schemes, decentralized identity, all things MEV, and empirical studies and attacks for any of the above
Convex Optimization, CFMMs, MEV, Auctions, Spin Glasses
Optimization, Convex Analysis, MEV, CFMMs

Get Involved
mentor a research fellow | attend a conference in 2024