3 ways for @solana to ACE
1- BAM plugin
2- permissionless
3- don't
for the uninitiated:
ACE = "Application Controlled Execution"
each app control the order of its Tx, eg landing maker Tx first, and then only takers (like Hyperliquid) 👇
1/7
perps are killing it, and HL is doing a phenomenal job providing tight spreads
how?
by landing maker Tx first, HL protects MMs from being sniped fast when prices move, before the MMs manage to change it
so MMs don't need to protect themselves as much and can quote tightly
2/
Kudus to HL but how can @solana compete?
Solana is actually decentralized, so it can't force validators to any ordering - how can it compete?
Solana devs had been discussing it for a few months now..
this is where ACE comes in
3/
1) BAM
Jito was first to offer a solution
-validators stop landing Tx they get from the network
-only accept Tx from BAM nodes
-each BAM node runs in a TEE
-apps write "order plugins"
-TEE guarantees Tx ordered by plugins
-validator must land only BAM Tx or get banned
4/
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