arXiv:2606.08282cs.AI2026-06

为质押区块链中的提名者提供风险分散与收益优化的智能选验证器方案。

From Validator Selection to Portfolio Collection Optimization in Proof-of-Stake Blockchains

  • 基于多属性价值理论构建偏好学习模型,评估验证器价值。
  • 同时优化收益期望与分配熵,实现收益与风险平衡。
  • 交互式二分搜索帮助用户快速找到满意折中方案,适合资深提名者使用。

在权益证明区块链环境中,提名者需选择负责维护链基础设施的验证者。由于选择过程主观且多目标,且提名者常通过多个账户操作,这构成了一个组合投资问题:需在不同账户间分配提名以分散风险。本文提出一种决策支持框架,同时优化两个目标:最大化预期验证器效用(反映投资质量与收益)和最大化分配熵(反映资产分散度与风险控制)。验证器效用通过基于多属性价值理论的主动偏好学习方法计算,重点关注排名靠前的验证者。该双目标优化问题采用多目标进化算法求解,并引入交互式二分搜索导航机制,仅需少量提问即可引导提名者在最优前沿中找到满意解。数值实验评估了策略效果,五位资深提名者的专家评估确认了方法的实际价值与实用性。

原文摘要 · Abstract (English)

We consider a problem arising in proof-of-stake blockchain environments, where agents called nominators select validators - entities responsible for maintaining the blockchain's physical infrastructure. The selection process is inherently subjective and multi-criterial and combines with the fact that nominators commonly operate through multiple accounts. This gives rise to a portfolio selection problem, where agents seek to distribute their nominations across accounts to diversify risk. We propose a decision support framework to optimize this selection by simultaneously maximizing two objectives: the expected utility of the validators likely to be allocated, representing portfolio quality and profitability, and the expected entropy of the allocation, representing diversification and risk mitigation across stashes. Validator utilities are derived using an original active preference learning procedure based on multi-attribute value theory, with emphasis on top-ranked validators. The resulting bi-objective optimization problem is solved with a multi-objective evolutionary algorithm and, to support the final choice, we introduce an interactive binary search navigation procedure that guides the nominator through the front and identifies a satisfactory trade-off with only a few questions. Numerical experiments examine the optimization strategies, while an expert assessment involving five experienced nominators confirms the approach's practical relevance and usefulness.

区块链优化风险控制决策支持

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