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\section*{Acknowledgments}
We thank Equinix for data center co-location, and the HFT community for feedback on protocol design.
\bibliographystyle{plain}
\begin{thebibliography}{99}
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dYdX. dYdX v4: A Fully Decentralized Order Book Exchange. https://dydx.exchange/whitepaper, 2021.
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\end{thebibliography}