Lioba Heimbach

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I am a fourth-year Ph.D. student advised by Prof. Dr. Roger Wattenhofer in the Distributed Computing (Disco) group at ETH Zurich.

My research centers around blockchain protocols with a focus on decentralized finance (DeFi). In particular, I strive towards enabling an accessible, decentralized, fair, and efficient blockchain and DeFi ecosystem. It is my belief that to improve on current system, a deep understanding of today’s landscape is required. Blockchain data transparency gives us the unique opportunity to do so. Thus, I perform measurement studies and analytical evaluations of blockchain and DeFi protocols aimed at enhancing the understanding of the current landscape and the behavior of its participants. Building on these insights, I work on proposing new protocols to tackle the identified problems and vulnerabilities.

When I am not working, I enjoy being outside and exploring new routes on my road bike.

news

Mar 21, 2025 Two papers “The Early Days of the Ethereum Blob Fee Market and Lessons Learnt” and “Transaction Fee Mechanism Design for Leaderless Blockchain Protocols” were accepted at FC 2025 (acceptance rate: 15.6%).
Dec 13, 2024 Our paper “Deanonymizing Ethereum Validators: The P2P Network Has a Privacy Issue” was accepted at USENIX Security 2025.
Nov 1, 2024 Happy to join Common Prefix on a part-time basis!
Feb 11, 2024 Our paper “Non-Atomic Arbitrage in Decentralized Finance” was accepted at S&P 2024.
Jan 26, 2024 Our paper “Ethereum Proof-of-Stake Consensus Layer: Participation and Decentralization” was accepted at CoDecFin workshop at FC 2024.

selected publications

2025

  1. Deanonymizing Ethereum Validators: The P2P Network Has a Privacy Issue
    Lioba Heimbach, Yann Vonlanthen, Juan Villacis, and 2 more authors
    In 34th USENIX Security Symposium, Seattle, WA, USA, Aug 2025
    Awarded a bug bounty by the Ethereum Foundation.
    Non-archival: TUM Blockchain Conference (TBC), Munich, Germany, September 2024
    Non-archival: Ethereumzuri.ch Conference, Zuich, Switzerland, January 2025

2024

  1. Non-Atomic Arbitrage in Decentralized Finance
    Lioba Heimbach, Vabuk Pahari, and Eric Schertenleib
    In IEEE Symposium on Security and Privacy (SP), San Francisco, USA, May 2024
    Non-archival: 4th Workshop on Decentralized Finance (DeFi), March 2024

2023

  1. Ethereum’s Proposer-Builder Separation: Promises and Realities
    Lioba Heimbach, Lucianna Kiffer, Christof Ferreira Torres, and 1 more author
    In 2023 ACM Internet Measurement Conference (IMC), Montreal, QC, Canada, Oct 2023
  2. Base Fee Manipulation In Ethereum’s EIP-1559 Transaction Fee Mechanism
    Sarah Azouvi, Guy Goren, Lioba Heimbach, and 1 more author
    In 34th International Symposium on Distributed Computing (DISC), L’Aquila, Italy, Oct 2023

2022

  1. SoK: Preventing Transaction Reordering Manipulations in Decentralized Finance
    Lioba Heimbach, and Roger Wattenhofer
    In 4th ACM Conference on Advances in Financial Technologies (AFT), Cambridge, MA, USA, Sep 2022
    Non-archival: SNB-CIF Conference on Cryptoassets and Financial Innovation, May 2023