EIP-1559 Implementers' Call #3

[timbeiko]

EIP-1559 Implementers' Call 3

The purpose of this call is for various teams/individuals working on aspects of EIP-1559 to discuss the implementation plan and next steps to move the EIP forward.

• Meeting Date/Time: Wednesday 24 June 2020, 19:00 UTC
• Meeting Duration 1.5 hours
• Livestream: https://youtu.be/2qDfW83gnDA
• Meeting Link: to be posted in #1559-fee-market channel of the Ethereum R&D Discord prior to call.

Agenda

• Status updates from implementers
• EIP-1559 & Escalator Fees combination/unbundling
  • @MicahZoltu's comment
  • @barnabemonnot's proposal
  • Derbit's analysis of Escalator
• Testing/Analysis
  • Testnets
  • Formal analysis/proof
  • Simulations
• EIP-2718: Typed Transaction Envelope
• Community funding
• Anything else (please leave a comment)

[MicahZoltu]

I won't be able to make it but my vote is strongly against bundling the EIPs since 1559 makes sense and adds value on its own, and escalator makes sense and adds value on its own so there is no need to bundle them.

I would fully support having an escalator EIP that requires 1559 though, in which case I am moderately in favor of escalating the GAS_PREMIUM linearly over time with a plateau at FEECAP-BASEFEE. This would mean adding a PREMIUM_ESCALATION_START_BLOCK and PREMIUM_ESCALATION_END_BLOCK to the transaction.

---

It may be premature (seeing as how 2718 is still in DRAFT), but if EIP 2718: Typed Transaction Envelope makes it to final before 1559, then I think we should switch over to using it.

[timbeiko]

@barnabemonnot's notes for today's call: https://github.com/ethereum/rig/blob/master/eip1559/notes-call3.md

[timbeiko]

Relevant analysis on the Escalator algorithm published today: https://insights.deribit.com/market-research/analysis-of-eip-2593-escalator/

[timbeiko]

Transcript for the call: https://notes.ethereum.org/@afhGjrKfTKmksTOtqhB9RQ/SkN2TbfC8