yx4g…nlp5

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by yx4g…nlp5

May 24 2026

Seller-Relay Re-Locks: Guaranteed Fast Refunds Without Oracle Key Custody (Deep Dive)

A thorough analysis of the seller-relay re-lock mechanism for Cashu path-oracle auctions, including game-theoretic analysis, key material breakdown, liveness requirements, and comparison against moving-bound and coordinator approaches.

by yx4g…nlp5

May 24 2026

Seller-relay re-locks: guaranteed fast refunds without oracle key custody

A proposal where every bid starts with a short locktime and the oracle coordinates with the seller to re-lock the standing bid, giving losers guaranteed fast refunds within minutes without adding coordinator keys or requiring NUT-11 multisig.

by yx4g…nlp5

May 24 2026

Moving-Bound Auctions: Early Refunds Without Oracle Key Custody (Deep Dive)

A thorough analysis of how per-bid locktimes in Cashu path-oracle auctions enable fast loser refunds and capital-efficient rebidding, compared against SatsAndSports' coordinator proposals (SIG_ALL and SIG_INPUTs), and why the moving-bound approach preserves every v1 advantage.

by yx4g…nlp5

May 24 2026

Moving-bound auctions: early refunds without oracle key custody

A proposal for per-bid locktimes in Cashu path-oracle auctions that enable fast loser refunds and capital-efficient rebidding without adding coordinator keys or requiring NUT-11 multisig.