We establish a Stackelberg attack by Liquidity Providers against Governance of an AMM, leveraging forking and commitments through a Grim Forker smart contract. We produce a dynamic, block-by-block model of AMM reserves and trading volume in the presence of competing forks, derive equilibrium conditions in the presence of protocol fees, and analyze Stackelberg equilibria with smart contract moves.

翻译：我们构建了一种由流动性提供者针对自动做市商治理发起的Stackelberg攻击，该攻击通过Grim Forker智能合约利用分叉机制和承诺策略实现。我们建立了存在竞争分叉时自动做市商储备金和交易量的逐区块动态模型，推导了协议费用存在时的均衡条件，并分析了包含智能合约操作的Stackelberg均衡。