Ren Zhang
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The paper analyzes Ethereum builder transactions to show that builder centralization is an emergent property of the Proposer-Builder Separation (PBS) architecture, driven by specific order flow and MEV patterns.
The paper introduces polynomial representations as a quantitative, distribution-aware metric for measuring model simplicity, demonstrating that the effective degree of this representation is a superior predictor of generalization compared to existing proxies.
Papers
Quantifying and Optimizing Simplicity via Polynomial Representations
Tianren Zhang, Xiangxin Li, Minghao Xiao, Guanyu Chen +1 more
The paper introduces polynomial representations as a quantitative, distribution-aware metric for measuring model simplicity, demonstrating that the effective degree of this representation is a superio…