The MEV Letter is a weekly collection of papers, articles and resources related to MEV. The intention of this letter is to provide a comprehensive summary of the latest research, discussions, and developments in the space, with links for further reading.
See our Transparency Reports for deeper dives into updates related to Flashbots.
- Structural Advantages for Integrated Builders in MEV-Boost by Mallesh Pai and Max Resnick looks at integrated searcher-builders and how they outcompete neutral builders though CEX/DEX arbitrage.
- Optimal Dynamic Fees for Blockchain Resources by Davide Crapis, Ciamac C. Moallemi and Shouqiao Wang introduces a framework for designing dynamic fee mechanisms for multiple network resources.
- Ethereum’s Supply Chain, Part 1 by Emperor explores the past, present, and future of the Ethereum’s supply chain, with a focus on issues with the current architecture under PoS and MEV-Boost.
- Enablement of MEV and the Morals of Extracting by Patrick McCorry delves into the ethical considerations of MEV and the concept of fairness in transaction ordering.
- Lessons Earned One Year Post-Merge: Unraveling PBS and its effect on MEV, Block Building, and the Ethereum Network by Sajida Zouarhi review the first year since the Merge, with a focus on MEV, PBS and decentralization.
- Navigating Ethereum’s 2024 Consensus Landscape by Terence Tsao looks at the potential next steps for the Ethereum consensus layer, including work on stability, scalability, and reducing tech debt.
- Introducing ERC-7521: Generalized Intents for Smart Contract Wallets by Stephen Monn introduce ERC-7521 as a standard for creating generalized intents in smart contract wallets.
- An Introduction to Intents and Intent-centric Architectures by Awa Sun Yin looks at generalized intents, intent-centric architectures, and what properties they provide to dApps.
- Typhon’s Chimera Chains by Isaac Sheff describes how Anoma’s Chimera Chains generalize shared sequencers and enable stronger cross-chain atomicity guarantees.
- Making PEPC-DVT private with BLS Blinded Multi-Signatures by diego explores how BLS Blinded Multi-Signatures can keep the block content private while obtaining signatures from the DVT network.
- A decentralised solver architecture for executing intents on EVM blockchain by Nitanshu Lokhande and Haque Farazul introduces Abstracted Transaction Objects (ATOs) to capture operation-specific information and optimize user intents.
- Grace Deng published a thread on proposer commitments (PCs) that categorizes the various alternatives and explores ways they can be combined.
- Robert Miller published a post to highlight how users of Flashbots Protect can send private transactions to additional builders for much faster inclusion times while benefitting from the same privacy guarantees and MEV refunds.
- Summer '23 Research Seminars by a16z crypto has been expanded with recordings from 4 presentations related to MEV:
- Automated Market Making and Arbitrage Profits in the Presence of Fees by Ciamac C. Moallemi
- High-Frequency Trading and the Design of Financial Markets by Eric Budish
- Transaction Fee Mechanism Design with Active Block Producers by Pranav Garimidi
- Trusted Execution Environments (TEEs) for Blockchain Applications by Ari Juels
- Based rollups and decentralized sequencing hosted by Taiko invites Justin Drake, Ben Fisch, Tomasz K. Stańczak and Daniel Wang to discuss based rollups, decentralized sequensing, MEV on L2, and SUAVE.
- ePBS – the infinite buffet by Mike Neuder provides an overview of the evolving discourse related to ePBS, including (1) in-protocol designs, (2) out-of-protocol proposals, and (3) open questions.
- censorship.pics by Toni Wahrstätter is a dashboard that sheds light on the extent of censorship at the different layers of PBS by looking at validators, relays, and builders.
- Memswap.xyz is an alpha release of a MEV-aware protocol for swapping tokens and NFTs using intents and solvers.
- Sept 27th: ETHconomics at Devconnect invites Barnabé Monnot, Julian Ma and Christine Kim to discuss all things ETHconomics ahead of the Devconnect event on November 15th.
- Oct 5th: MEV-Boost Community Call #6 hosted by Alex Stokes invites the MEV-Boost ecosystem to discuss Deneb updates, open questions and new proposals.
Sign up here if you’d like to get The MEV Letter straight to your inbox!