Shtuka Research is a research consultancy focused on decentralised systems, market design, and [un]cloud economies.
News
2025-07-01. Our partnership & research programme Swarmonomics has been officially announced! Blog post here. Monthly research updates will shared in the #Research channel of the EthSwarm Discord.
2025-06-25. Shtuka Research has been elected to set on the Markets Advisory Board of the newly minted Livepeer Foundation. We’ll be supporting them on strengthening their data services, tokenomics, and internal market design.
2025-01-10. The full report on our 4 month study on the economic efficiency of the Swarm Network’s revenue sharing mechanism is now published on GitHub!
Our work
Services
- Advisory
- Data analytics
- “Big R” Research
Focus areas
- Market design
- Incentive mechanism design
- Tokenomics
- Financial engineering
Research
Topics:
- Dynamic auctions
- Congestible resources
- AMM design and dynamics
- Staking and collateral systems
- Issuance, liquidity
Blockspace
Shtuka Research’s credibly* neutral preconfirmations page
Writings
- Swarm Protocol: Incentives and revenue sharing analysis. https://github.com/shtukaresearch/swarm-staking/releases Commissioned by Swarm Foundation.
- Beyond spot transactions: modelling dynamic preconfirmation auctions.https://mirror.xyz/preconf.eth/iPfGsj55-C-D13hyrj_hj2tHAKU7xzeqltZ6gIum3j4 Commissioned by Primev.
- Do backrun auctions protect traders?https://arxiv.org/abs/2401.08302 Funded by Flashbots Research Programme. https://github.com/flashbots/mev-research/blob/main/FRPs/completed/FRP-34.md
- Feedlot: trading with safe, low-latency price oracles. https://github.com/mohammed7s/Feedlot/blob/main/report/build/report.pdf Funded by COW DAO. https://forum.cow.fi/t/grant-proposal-surplus-capturing-amm-study/1357
- Adversarial blockchain queues and trading on a CFMM.https://arxiv.org/abs/2302.01663 Funded by Flashbots Research Programme. https://github.com/flashbots/mev-research/blob/main/FRPs/completed/FRP-22.md
Talks
- How to make a blockspace futures market on Ethereum. Tané Summit, 2024-07-29.
- Blockspace markets. 0xCAstle (https://0xcastle.xyz), 2024-05-27.
Uncloud
Uncloud is a trend in technology and market macrostructure that’s precipitating the disintegration and “nucleation” of old monopolies in favour of funded open source communities that support a scalable, diverse, and dynamic ecosystem.
We research and develop Unclouded technologies.
- Research questions on decentralized container registries. https://hackmd.io/AKwMglsMRAC5WnLInEKGuA
DeBoot Project
Boot machines into images loaded from decentralized storage. Funded by Swarm Foundation grants programme. DeBoot is an Unclouded approach to booting.
Who we are
We bring to our work over three decades of experience in mathematics, computer hardware, and cryptography research, both in world-class academic research institutions and at R&D firms at the forefront of the technology industry.
Contact
If you found your way here, you know how to find us.