note: This is a rough rollup of what I took notes on and got out of the most recent Aori call. It’s not perfect ;)

Josh (CEO): Modularity: Break up a blockchain into it’s 3 components

• Data Availability

• Execution

• Settlement

Execution and Settlement are assumed to have to be the same. You can separate execution and settlement.

Eigenlayer — consensus. EVM — execution environment.

Aori goal — abstraction of the execution environment out of the consensus environment. Execution of smart contracts offchain, validating them onchain. When you keep execution smart contracts on the EVM, you are locked into performance requirements which must fit inside of the settlement layer.

Why don’t you move logic offchain, and keep exclusively accounting on chain?

Based layers can use different environments. If people want Ethereum to scale, parallel execution isn’t enough. The only way to build successfully scaling systems is to have them scale with compute, which is to run them off-chain.

Base White Paper pieces:
-Design.

• Aori will have an offchain message storage layer which communicates with diff layer 1s and 2s. Based rollup came from justin drake in the original Ethereum research paper are base rollups the future (https://ethresear.ch/t/based-rollups-superpowers-from-l1-sequencing/15016).

• absolute minimum rollups. offchain signature storage with onchain sequencing

• base rollup — settlement happens on Layer 1.

• Arbitrary data can be made into a signature.

• Aave one Aori example. Order book of loans, ask or borrow. One deposit, one is the borrow. Could be AMM. What matters is you have intent to deposit/borrow signatures.

• Seatholders, close friends — contracts will be available soon. Aori protocol v1 faced stress — problem was coming from Seaport since it wasn’t optimized for other types of transactions outside of NFT buy/sell. So Aori has to modify seaport.

• Options, Perps coming.

• Searchers and solvers building. Multchain coming soon.

• Joshua reps 2 plates for bench 3x5 225 lb. max 250–275 lb. 2 Aori devs can hit two plates. most can do 1 plate overhead press, 2 plate bench, 3 plate squat, 4 plate deadlift. 410–5 lb CEO deadlift.

• section of litepaper: based rollups = the future

• cex v dex. dex spreads are tighter than cex spreads (10–25 bps). programmatic trader can arbitrage between dex and cex.

• when you trade on Aori, you get to watch in real time as every searcher, solver, and aggregator competes for your flow. Similar to defillama swap. It’s better if you get searchers to fill your flow v. only aggregators.

• Most makers are searchers, solvers, and aggregators. Two classes of market markers. 1st — centralized market maker. Second who market makes on cowswap, uniswap x. 100s of mills required for cex market maker. Second type doesn’t have as much liqudity. On aori that second type ofmm can use flash loans to fill orders. Makers on aori are more sophisticated. Takers take optimal price across all of defi/across chains.

• offchain database can be help in sigs.