There will be a substantial reward for anyone who builds a smart contract for bidding on eth1 blockspace which allows the miner to get paid in USDC/USDT/random SPL Tokens on solana.
For fully trustless operation:
- miner posts estimated hashpower and public key
- users encrypt their tx bundle with the preferred miners public key and locks in the USDC
- miner posts the pow proof showing that the block has been included in the chain to claim the USDC
Submission should have some usable milestones to get to the fully trustless implementation.