Crypto Economics Security Conference

Oct 31 - Nov 1, 2022, UC Berkeley

Hosted by

The Crypto Economics Security Conference (CESC) aims to bring together researchers and practitioners to showcase and discuss the most recent developments in blockchain and Web3.

CESC is hosted by Berkeley RDI, a multi-disciplinary campus-wide center, focusing on advancing the science, technology and education of web3, decentralization and empowering of a responsible digital economy.

Conference Dates:   Oct 31 - Nov 1, 2022

Venue:   Pauley Ballroom, Martin Luther King Jr. Building, UC Berkeley

Accommodations:   Hotel Recommendations

Virtual Attending:   Registration (select attend virtually on order form)

Schedule of Events

Oct 30 ZKP Workshop
Oct 31Career Fair
Nov 1Xcelerator Demo Day
Nov 2GAM3R Summit
Oct 31 to Nov 6SF Blockchain Week
Oct 31 to Nov 1 Conference Paper Presentations & Lightning Talks


Sun Oct 30
ZKP Workshop
ZKP Workshop Dinner and CESC Welcome Reception  |  Register Here
Co-hosted by p0xeidon, EigenLayer, Oasis, Scroll, zkcollective
Mon Oct 31
9:00am Opening remarks   [Video]
Session 1: Cryptographysession chair: Arnab Roy
9:10am Succinct Zero-Knowledge Batch Proofs for Set Accumulators   [Video]
Matteo Campanelli (Protocol Labs); Dario Fiore (IMDEA Software Institute); Semin Han (Hanyang University); Jihye Kim (Kookmin University); Dimitris Kolonelos (IMDEA Software Institute and Universidad Politecnica de Madrid, Spain); Hyunok Oh (Hanyang University)
9:20am Synchronous Distributed Key Generation without Broadcasts   [Video]
Nibesh Shrestha (Rochester Institute of Technology); Adithya Bhat (Purdue University); Aniket Kate (Purdue University); Kartik Nayak (Duke University)
9:30am Ratel: MPC-Extensions for Smart contracts   [Video]
Yunqi Li (UIUC); Kyle Soska (UIUC); Sylvain Bellemare (IC3); Mikerah Quintyne-Collins (Hashcloak); Zhen Huang (SJTU); Lun Wang (UC Berkeley); Amit Agarwal (UIUC); Dawn Song (UC Berkeley); Andrew Miller (University of Illinois at Urbana-Champaign)
9:40am Universal Atomic Swaps: Secure Exchange of Coins Across All Blockchains   [Video]
Sri Aravinda Krishnan Thyagarajan (Carnegie Mellon University); Giulio Malavolta (Max Planck Institute for Security and Privacy); Pedro Moreno-Sanchez (IMDEA Software Institute)
9:55am zkBridge: Trustless Cross-chain Bridges Made Practical   [Video]
Tiancheng Xie (UC Berkeley); Jiaheng Zhang (UC Berkeley); Zerui Cheng (Tsinghua University); Fan Zhang (Duke); Yupeng Zhang (Texas A&M University); Yongzheng Jia (Tsinghua University); Dan Boneh (Stanford University); Dawn Song (UC Berkeley)
10:10am Spotlight   [Video]

Multi-Factor Key Derivation Function (MFKDF)
Vivek Nair (UC Berkeley); Dawn Song (UC Berkeley)

ERC-20R and ERC-721R: Reversible Transactions on Ethereum
Kaili Wang (Stanford University); Qinchen Wang (Stanford University); Dan Boneh (Stanford University)

Keep Your Transactions On Short Leashes
Bennet Yee (Oasis Labs)

WIP: Using the Future to Verify the Past
Adithya Bhat (Purdue University); Mohsen Minaei (Visa Research); Mahdi Zamani (Visa Research); Adithya Bhat (Purdue University)
10:20am Break
Session 2: Zero Knowledge Proofsession chair: Dawn Song
10:40am Invited talk: History of ZK   [Video]
Shafi Goldwasser (UC Berkeley)
11:05am Invited talk: Real-world Proof Systems: a Revolution in Computing   [Video]
Dan Boneh (Stanford University)
11:20am Short talks on zkEVM   [Video]

Polygon Miden: an actor-based general purpose ZK rollup
Bobbin Threadbare (Polygon Maiden)

zkEVM Demo
Jordi Baylina (Polygon Hermez)

zkEVM architecture
Ye Zhang (Scroll)
11:40am Lunch
Session 3: Scalability/Consensussession chair: Natacha Crooks
1:00pm Maximal Extractable Value (MEV) Protection on a DAG   [Video]
Dahlia Malkhi (Chainlink Labs); Pawel Szalachowski (Chainlink Labs)
1:15pm Scaling Blockchains with EVM-native Interactive Fraud Proofs   [Video]
Zhe Ye (UC Berkeley); Ujval Misra (UC Berkeley); Dawn Song (UC Berkeley)
1:30pm The DAG KNIGHT Protocol: A Parameterless Generalization of Nakamoto Consensus   [Video]
Yonatan Sompolinsky (Harvard); Michael Sutton
1:40am Thora: Atomic And Privacy-Preserving Multi-Channel Updates   [Video]
Lukas Aumayr (TU Wien); Kasra Abbaszadeh (University of Maryland); Matteo Maffei (TU Wien)
1:50pm Spotlight   [Video]

EigenDA: Hyperscaled Data Availability for Blockchains
Bowen Xue (University of Washington); Soubhik Deb (University of Washington); Robert Raynor (University of Washington); Gautham Anant (University of Washington); Sreeram Kannan (University of Washington Seattle)

Themis: Fast, Strong Order-Fairness in Byzantine Consensus
Mahimna Kelkar (Cornell Tech); Soubhik Deb (University of Washington Seattle); Sishan Long (Cornell Tech); Ari Juels (Cornell Tech); Sreeram Kannan (University of Washington Seattle)

Maypoles: Lightning Striking Twice
Clara Shikhelman (Chaincode Labs)

Sleepy Channels: Bi-directional Payment Channels without Watchtowers
Lukas Aumayr (TU Wien); Sri Aravinda Krishnan Thyagarajan (Carnegie Mellon University); Giulio Malavolta (Max Planck Institute for Security and Privacy); Pedro Moreno-Sanchez (IMDEA Software Institute); Matteo Maffei (TU Wien)
2:00pm Break
Session 4: DeFi & DAOsession chair: Dahlia Malkhi
2:15pm Delta Hedging Liquidity Position on Automated Market Makers   [Video]
Akhilesh (Adam) Khakhar (University of Pennsylvania); Xi Chen (New York University)
2:30pm Interest Rate Parity in Decentralized Finance   [Video]
Amit Chaudhary (Polygon); Roman Kozhan (Warwick Business School); Ganesh Viswanath Natraj (Warwick Business School)
2:45pm Ponyta: Foundations of Side-Contract-Resilient Fair Exchange   [Video]
Hao Chung (Carnegie Mellon University); Elisaweta Masserova (Carnegie Mellon University); Elaine Shi (Carnegie Mellon University); Sri AravindaKrishnan Thyagarajan (Carnegie Mellon University)
3:00pm Coexisting Exchange Platforms: Limit Order Books and Automated Market Makers   [Video]
Jun Aoyagi (Hong Kong University of Science and Technology); Yuki Ito (University of California, Berkeley)
3:10pm Spotlight   [Video]

Are decentralized finance really decentralized? A social network analysis of the Aave protocol on the Ethereum blockchain
Luyao Zhang (Duke Kunshan University); Ziqiao Ao (Duke Kunshan University); Gergely Horvath (Duke Kunshan University)

Credible Decentralized Exchange Design
Matheus Venturyne Xavier Ferreira (Harvard University); David C. Parkes (Harvard University)

Governance of Decentralized Autonomous Organization in Decentralized Finance
Agnes Yang (Carlson School of Management, University of Minnesota); Jason Chan (Carlson School of Management, University of Minnesota)

WIP: Collaborative Design of Contribution Tracking Systems for Decentralized Organizations
Nicholas Vincent (Northwestern University); Christine Vandevoorde (Govrn)
3:20pm Invited talk: System of a DAO: Legal Entity Frameworks   [Video]
David Kerr (DAO Research Collective)
Reception & poster session
Web3 & Blockchain Career fair
Kerr Lobby
Evening meetup hosted by Crust Network, OAK Network & Fairmint  |  Register here
Spats Bar
Tue Nov 1
Session 5: Securitysession chair: Yupeng Zhang
9:00am Watch Your Back: Identifying Cybercrime Financial Relationships in Bitcoin through Back-and-Forth Exploration   [Video]
Gibran Gomez (IMDEA Software Institute); Pedro Moreno-Sanchez; (IMDEA Software Institute); Juan Caballero (IMDEA Software Institute)
9:15am A Study of Inline Assembly in Solidity Smart Contracts   [Video]
Stefanos Chaliasos (Imperial College London); Arthur Gervais (University College London); Ben Livshits (Imperial College London)
9:30am WeRLman: To Tackle Whale (Transactions), Go Deep (RL)   [Video]
Roi Bar-Zur (Technion, IC3); Ameer Abu-Hanna (Technion); Ittay Eyal (Technion, IC3); Aviv Tamar (Technion)
9:40am Uncle Maker: (Time)Stamping Out The Competition in Ethereum   [Video]
Aviv Yaish (The Hebrew University of Jerusalem); Gilad Stern (The Hebrew University of Jerusalem); Aviv Zohar (The Hebrew University of Jerusalem)
9:50am A Systematic Study of Recent Smart Contract Security Vulnerabilities   [Video]
Zhuo Zhang (Purdue University); Brian Zhang (Harrison High School (Tippecanoe)); Wen Xu (PNM Labs); Zhiqiang Lin (Ohio State University)
10:00am Spotlight   [Video]

Bitcoin-Enhanced Proof-of-Stake Security: Possibilities and Impossibilities
Sreeram Kannan (University of Washington, Seattle); Mohammad Ali Maddah-Ali (Stanford University); Ertem Nusret Tas (Stanford University); David Tse (Stanford University); Fisher Yu (BabylonChain)

WIP: A Model-Checking Framework for the Verification of Move Smart Contracts
Eric Keilty (University of Toronto); Keerthi Nelaturu (University of Toronto); Bowen Wu (University of Toronto); Andreas Veneris (University of Toronto)

SoK: Not Quite Water Under the Bridge: Review of Cross-Chain Bridge Hacks
Sung-Shine Lee (Quantstamp, Inc.); Alexandr Murashkin (Quantstamp, Inc); Martin Derka (Quantstamp, Inc.); Jan Gorzny (Quantstamp, Inc.)

Quantifying Blockchain Extractable Value: How dark is the forest?
Kaihua Qin (Imperial College London); Liyi Zhou (Imperial College London); Arthur Gervais (University College London)
10:10am Break
Session 6: Privacy/Decentralized Identity/Data sovereigntysession chair: Sanjam Garg
10:25am Foundations of Coin Mixing Services   [Video]
Noemi Glaeser (University of Maryland & Max Planck Institute for Security and Privacy); Matteo Maffei (TU Wien); Giulio Malavolta (Max Planck Institute for Security and Privacy); Pedro Moreno-Sanchez (IMDEA Software Institute); Erkan Tairi (TU Wien); Sri Aravinda Krishnan Thyagarajan(Carnegie Mellon University)
10:40am SoK: Data Sovereignty   [Video]
Jens Ernstberger (Technical University of Munich); Jan Lauinger (Technical University of Munich); Fatima Elsheimy (Yale University); Liyi Zhou (Imperial College London); Sebastian Steinhorst (Technical University of Munich); Arthur Gervais (University College London); Dawn Song (UC Berkeley)
10:50am ZEBRA: Anonymous Credentials with Practical On-chain Verification and Applications to KYC in DeFi   [Video]
Deevashwer Rathee (UC Berkeley); Guru Vamsi Policharla (UC Berkeley); Tiancheng Xie (UC Berkeley); Ryan Cottone (UC Berkeley); Dawn Song (UC Berkeley)
11:00am Private Proof-of-Stake Blockchains using Differentially-Private Stake Distortion   [Video]
CHENGHONG Wang (Duke University); David Pujol (Duke University); Kartik Nayak (Duke University); Ashwin Machanavajjhala (Duke University)
11:10am Spotlight   [Video]

Going Incognito in the Metaverse
Vivek Nair (UC Berkeley); Gonzalo Munilla-Garrido (Technische Universität München); Dawn Song (UC Berkeley)

Sovereign Cryptocurrencies: Foundation for a Grassroots Cryptoeconomy
Ehud Shapiro (Weizmann Institute of Science)

NFT Wash Trading Detection
Derek Liu (ANCHAIN.AI); Francesco Piccoli (ANCHAIN.AI); Katie Chen (Columbia University); Adrina Tang (Massachusetts Institute of Technology); Victor Fang (ANCHAIN.AI)

"It's A Blessing and A Curse": Unpacking Creators' Practices with Non-Fungible Tokens (NFTs) and Their Communities
Tanusree Sharma (University of Illinois at Urbana Champaign); Zhixuan Zhou (University of Illinois at Urbana-Champaign); Yun Huang (University of Illinois at Urbana-Champaign); Yang Wang (University of Illinois at Urbana-Champaign)
11:20am Invited talk: Plurality: Technology for Cooperative Diversity and Democracy   [Video]
Glen Weyl (Microsoft Research)
11:40am Lunch
Session 7: CryptoEconomics Isession chair: Glen Weyl
1:00pm Cryptoeconomic Security for Data Availability Committees   [Video]
Ertem Nusret Tas (Stanford University); Dan Boneh (Stanford University)
1:15pm Correct Cryptocurrency ASIC Pricing: Are Miners Overpaying?  [Video]
Aviv Yaish (The Hebrew University); Aviv Zohar (The Hebrew University)
1:30pm The Evolution of Blockchain: From Public to Private Mempools   [Video]
Ruizhe Jia (Columbia University); Ye Wang (ETH Zurich); Agostino Capponi (Columbia University)
1:40pm He-HTLC: Revisiting Incentives in HTLC   [Video]
Sarisht Wadhwa (Duke University); Jannis Stoter (Duke University); Fan Zhang (Duke University); Kartik Nayak (Duke University)
1:50pm Break
Session 8: CryptoEconomics IIsession chair: Arthur Gervais
2:05pm Invited talk   [Video]
Tim Roughgarden (Columbia University and a16z)
2:25pm Spotlight   [Video]

Bayesian-Nash-Incentive-Compatible Mechanism for Blockchain Transaction Fee Allocation
Zishuo Zhao (University of Illinois Urbana-Champaign); Xi Chen (New York University); Yuan Zhou (Yau Mathematical Sciences Center, Tsinghua University)

An Economic Model of Consensus on Distributed Ledgers
Hanna Halaburda (New York University); Zhiguo He (University of Chicago); Jiasun Li (George Mason University)

The Information Content of Blockchain Fees
Agostino Capponi (Columbia University); Ruizhe Jia (Columbia University); Shihao Yu (Columbia University)

How Resilient is the Bitcoin Protocol?
Louis Bertucci (Institut Louis Bachelier); Charles Bertucci (Ecole Polytechnique); Jean-Michel Lasry (Université Paris-Dauphine); Pierre-Louis Lions (College de France)

SoK: Blockchain Decentralization
Luyao Zhang (Duke Kunshan University); Xinshi Ma (Duke University); Yulin Liu (SciEco CIC)

The Economics of Cryptocurrencies in a General Equilibrium Framework
Enchuan Shao (University of Saskatchewan)

On the limiting distribution of shares in Proof-of-Stake
Tim Dong (University of Tennessee)

WIP: A Combinatorial Bandit Approach to Optimizing Mining Rewards in a Blockchain Protocol
Arti Vedula (The Ohio State University); Abhishek Gupta (The Ohio State University); Shaileshh Bojja Venkatakrishnan (The Ohio State University)

Less is More: Understanding Network Bias in Proof-of-Work Blockchains
Yifan Mao (the Ohio State University); Shaileshh Bojja Venkatakrishnan (the Ohio State University)

WIP: Simplified State Storage Rent for EVM Blockchains
Shreemoy Mishra (IOV Labs); Diego Masini (IOV Labs); Sergio Demian Lerner (IOV Labs); Federico Jinich (IOV Labs)

Foundations of Transaction Fee Mechanism Design
Hao Chung (Carnegie Mellon University); Elaine Shi (Carnegie Mellon University)
2:50pm Lightning Talks   [Video]session chair: Jiaheng Zhang
Reception & poster session
Berkeley Blockchain Xcelerator Demo Day
4:30pm 17 Teams from the 2022 cohort present
Pauley Ballrooms
6:15pm Reception & Tabling by Teams
Kerr Lobby
7:30pm Evening Meetup Hosted by Evmos, Blockdaemon, Shima Capital, & Pantera  |  Register here

Topics of Interest

Crypto Economics:

studies that explore and address the economic aspects of blockchain and Web3 technology, such as (i) economic and monetary aspects of cryptocurrencies, (ii) design and evaluation of incentive mechanisms (e.g., mining economics, staking economics, transaction fee market, etc.), (iii) economics of security and privacy, (iv) systemic risk and resilience in cryptocurrency and decentralized finance systems.

Security and Privacy:

studies and proposals for addressing security and privacy issues in blockchain and Web3 technology, such as (i) attacks to consensus mechanisms or protocol designs, (ii) smart contract vulnerabilities and attacks, smart contract security analysis and defense tools; (iii) user privacy leakage and defense; (iv) privacy technologies in blockchain and Web3.


novel proposals and solutions to improve or evaluate the existing Web3 or blockchain architecture scalability, including (i) layer1, layer2, off-chain scaling, (ii) efficient consensus protocols, or (iii) improvements in Peer-to-Peer (P2P) protocols, or (iv) real-world measurements for scaling.

Decentralized Finance (DeFi):

theoretical, empirical, qualitative, or quantitative research that advances the understanding in areas including (i) DeFi’s composability, and it’s security and economic implications, (ii) miner extractable value, (iii) manipulation resilience of stablecoins, (iv) fair ordering of financial transactions, (v) DeFi user studies, or (vi) design and evaluation of DeFi primitives and protocols.

Decentralized Autonomous Organization (DAO) and Decentralized Governance:

studies that shed light on the current state of the DAO ecosystem; novel theories, models, and solutions to enable more efficient and secure decentralized decision-making.

Decentralized Identity and Data Sovereignty:

new designs or evaluations for (i) decentralized identity solutions, (ii) decentralized access control solutions, or (iii) policy-compliant decentralized computation.

Other Web3 or blockchain related topics:

The above is by no means an exhaustive list of topics we accept. Other topics in blockchain and Web3 including interdisciplinary studies, such as societal impact on decentralization technologies, decentralized intelligence, responsible innovation, etc., are also encouraged.

Organizing Committee

Program Chairs

  • Arthur Gervais, University College London
  • Dawn Song, UC Berkeley
  • Marko Vukolic, Protocol Labs

Program Committee

  • Ittai Abraham, VMware Research
  • Zeta Avarikioti, Institute of Science and Technology Austria
  • Sarah Azouvi, Protocol Labs
  • Joseph Bonneau, a16z
  • Natacha Crooks, UC Berkeley
  • Ittay Eyal, Technion University
  • Sanjam Garg, UC Berkeley
  • Juan Garay, Texas A&M University
  • Philipp Jovanovic, University College London
  • Dahlia Malkhi, ChainLink Labs
  • Patrick McCorry, Infura
  • Andrew Miller, UIUC
  • Pedro Moreno-Sanchez, IMDEA
  • Christine Parlour, UC Berkeley
  • Kaihua Qin, Imperial College London
  • Ling Ren, UIUC
  • Dan Robinson, Paradigm
  • Tim Roughgarden, Columbia University
  • Arnab Roy, Meta
  • Clara Shikhelman, Chaincode Labs
  • Sam Sun, Paradigm
  • Glen Weyl, Microsoft Research
  • Yupeng Zhang, Texas A&M University
  • Mahdi Zamani, Visa Research
  • Fan Zhang, Duke University
  • Jiaheng Zhang, UC Berkeley
  • Liyi Zhou, Imperial College London

Other Information

Proceedings and Submission at other Conferences:

CESC is not archival and does not have proceedings. It is allowed to submit work which has been published at or concurrently submitted to another conference or a journal.


Funding for this conference and its affiliated events was provided by:


Please contact us at, if you need more information or have any questions about the paper submission policy.

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