In the speaker's opinion, the existence of integrality gap for the Lasserre relaxation is the most pressing question in approximability. The Lasserre relaxation has a dual view as a Sum-of-Squares proof system and the integrality gap for the former corresponds to a degree lower bound for the latter.
The talk proposes a candidate Lasserre integrality gap construction for the Unique Games problem. Specifically, a concrete instance of the Unique Games problem is constructed. The instance is shown to have a good SDP solution. The authors believe that the instance does not have a good integral solution, but are unable to prove so.
The construction is based on a suggestion in [K Moshkovitz, STOC'11] wherein the authors study the complexity of approximately solving a system of linear equations over reals and suggest it as an avenue towards a (positive) resolution of the Unique Games Conjecture.
Joint work with Dana Moshkovitz.