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Introduction

Interstate auctions block space to buyers in advance. It is used in preconfirmations, app-specific sequencing, based rollups and more.

Interstate network seeks to make Ethereum transactions near instant and allow apps to self sequence while maintaining full composability with the L1.

Interstate will soon undergo multiple audits from leading smart contract auditing firms. It is currently undergoing testing with multiple leading validator operators, and will soon go into production before the end of 2024.

We have three major customers:

  1. Validator Operators
  • Interstate costs next to nothing to run and generates block rewards that are >= current rewards
  • Interstate runs next to flashbots/mev-boost using the open source commit-boost standard
  • Interstate does not block running other sidecars, in fact we recommend running multiple sidecars using the open source commit-boost standard to maximize rewards per block and further decentralize the network
  • allows validators to generate additional rewards per block on top of MEV-Boost rewards
  • while MEV-Boost provides 0.83% rewards per block, we are targeting a 0.20% per block reward* (in a mix of interstate token and preconf-request tips)
  1. Wallets & Protocols
  • Wallets that integrate with us benefit from instant transaction confirmations. Rather than wait 12 seconds, your user will get a transaction receipt instantly.
  • While users still need to wait for a few confirmations prior to finality, we expect Single Slot Finality to reduce time to finality to 12 seconds, with the preconfirmation serving a similar role to the first few confirmations today.
  • Our Preconfirmation RPC ensures you get the lowest price, and fastest preconfirmation by managing orders between multiple providers.
  1. L2s
  • L2s can use our network to get a transaction confirmation in between Ethereum blocks
  • L2 integration requires sequencer level change, and will take a bit longer to integrate
  • In specific circumstances, apps on the L2 can use interstate network to communicate with the L1

Interstate is proposer commitment network that allows Ethereum block proposers to make generic statements of future block inclusion. We are essentially a more powerful L2, with a decentralized sequencer set matching the sequencer set of the Ethereum L1.

Rather than wait 12 seconds for the block to finalize and to receive a confirmation, the preconf user requests transaction inclusion from the proposer, which gurantees the transaction will be included in the next block Rather than wait 12 seconds for the block to finalize and to receive a confirmation, the preconf user requests transaction inclusion from the proposer, which gurantees the transaction will be included in the next block

*We are in the process of testing expected additional block rewards in a real world setting. This number may change