# The MEV Letter #11 **URL:** https://collective.flashbots.net/t/the-mev-letter-11/2510 **Category:** The Flashbots Ship **Tags:** links, the-mev-letter **Created:** [October 4, 2023, 8:20pm UTC](https://collective.flashbots.net/t/the-mev-letter-11/2510 "2023-10-04T20:20:15Z") **Posts on this page:** 1 **Page:** 1
### Author: ![Fred](https://collective.flashbots.net/user_avatar/collective.flashbots.net/fred/32/1288_2.png) [@Fred](https://collective.flashbots.net/u/Fred) #### Post date: [October 4, 2023, 8:20pm UTC](https://collective.flashbots.net/t/the-mev-letter-11/2510/1 "2023-10-04T20:20:15Z")
_ **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](https://collective.flashbots.net/tag/transparency-report) for deeper dives into updates related to Flashbots. # Papers & Articles - [Order but Not Execute in Order](https://arxiv.org/abs/2302.01177) by [Tiantian Gong](https://twitter.com/esnie17) and [Aniket Kate](https://twitter.com/aniketpkate) presents a market design to mitigate order manipulations by using order-fair atomic broadcast (of-ABC) and frequent batch auction (FBA). - [Measuring the Concentration of Control in Contemporary Ethereum](https://eprint.iacr.org/2023/1493) by [Simon Brown](https://twitter.com/orbmis) introduces a model for measuring the decentralization of blockchains over time. - [EIP-4844 Economics and Rollup Strategies](https://arxiv.org/abs/2310.01155) by [Davide Crapis](https://twitter.com/DavideCrapis), [Akaki Mamageishvili](https://twitter.com/kakia1989) and [Ed Felten](https://twitter.com/EdFelten) study the economics of EIP-4844 by modeling the cost of a rollup as the sum of blob posting costs and delay costs. - [Thread](https://twitter.com/kakia1989/status/1709224456227316025?t=hxjG7TRPyBmLLM2L0k9_AA&s=19) by [Akaki Mamageishvili](https://twitter.com/kakia1989) - [Should Ethereum be okay with enshrining more things in the protocol?](https://vitalik.eth.limo/general/2023/09/30/enshrinement.html) by [Vitalik Buterin](https://twitter.com/VitalikButerin) delves into whether the Ethereum protocol should enshrine features such as account abstraction, zkEVMs, PBS, and liquid staking. - [Thread](https://x.com/ballsyalchemist/status/1708336099540476151?s=20) by [ballsyalchemist](https://twitter.com/ballsyalchemist) - [Thread](https://twitter.com/jiayaoqi/status/1708348589360214114?s=19) by [YQ](https://twitter.com/jiayaoqi) - [Resistance is ~not~ futile; CR in mev-boost](https://ethresear.ch/t/resistance-is-not-futile-cr-in-mev-boost/16762) by [Mike Neuder](https://twitter.com/mikeneuder) analyzes existing proposals to improve the censorship resistance of MEV-Boost and introduces _relay-constructed inclusion lists_ as an interim solution to mitigate builder censorship. - [Thread](https://twitter.com/mikeneuder/status/1707042087416279160) by [Mike Neuder](https://twitter.com/mikeneuder) - [Unleashing the Data Insights: Analyzing the Development of ERC4337](https://sixdegree.xyz/research/Half-Year-Data-Report-of-ERC4337-by-Sixdegree.pdf) by [Sixdegree Lab](https://twitter.com/SixdegreeLab) looks at the first six months of onchain data related to the adoption and progress of ERC-4337. - [Thread](https://twitter.com/SixdegreeLab/status/1705583756369924296) by [Sixdegree Lab](https://twitter.com/SixdegreeLab) - [An Incomplete Primer on Intents](https://crypto.mirror.xyz/Wvzro_O92V5Z_RBfZnZUqdbYC_4X6v2YrBuy9RkZCxo) by [Emperor](https://twitter.com/0x_emperor) gives an overview of the current landscape of intents-based applications and explores what an intent resolution architecture could look like where intents are expressed in natural language. - [Intent-based protocols pt1: unfolding UniswapX](https://anoma.net/blog/uniswapx) by [apriori](https://twitter.com/apriori0x) dives into intents and how UniswapX is designed to improve routing, internalize MEV, and facilitate trust-minimized cross-chain swaps. - [Big Block Diffusion and Organic Big Blocks on Ethereum](https://blog.codex.storage/big-blocks-on-mainnet/) by [Leonardo Bautista-Gomez](https://linkedin.com/in/leonardo-bautista-gomez-555b2587) and[Csaba Kiraly](https://linkedin.com/in/ckiraly) analyze the global propagation time of blocks bigger than 250KB and show that the Ethereum network can accommodate blocks above 1 MB, which will be the norm after EIP-4844. - [F3B: A practical per-transaction front-running mitigation solution for blockchain](https://initc3org.medium.com/f3b-a-practical-per-transaction-front-running-mitigation-solution-for-blockchain-2b3b0d5b9891) by [Haoqian Zhang](https://arxiv.org/search/cs?searchtype=author&query=Zhang,+H) provides an overview of _Flash Freezing Flash Boys_ (F3B) aimed to mitigate front-running by using threshold cryptography. - [Paper](https://arxiv.org/abs/2205.08529) by [Haoqian Zhang](https://arxiv.org/search/cs?searchtype=author&query=Zhang,+H),[Louis-Henri Merino](https://arxiv.org/search/cs?searchtype=author&query=Merino,+L),[Ziyan Qu](https://arxiv.org/search/cs?searchtype=author&query=Qu,+Z),[Mahsa Bastankhah](https://arxiv.org/search/cs?searchtype=author&query=Bastankhah,+M),[Vero Estrada-Galinanes](https://arxiv.org/search/cs?searchtype=author&query=Estrada-Galinanes,+V),[Bryan Ford](https://arxiv.org/search/cs?searchtype=author&query=Ford,+B) # Posts & threads - [Blocknative](https://twitter.com/blocknative) published a [post](https://twitter.com/blocknative/status/1706685103286485364?t=OJFaWfGEWLFB826qXyy3hw&s=19) announcing the suspension of their MEV-Boost relay and builders effective September 27th, and their Relay Data API effective October 4th. - [Notice to Protect users: Planned changes to “rpc.flashbots.net/fast”](https://collective.flashbots.net/t/notice-to-protect-users-planned-changes-to-rpc-flashbots-net-fast/2494/1) by [Shea Ketsdever](https://twitter.com/sheaketsdever) announce an upgrade to Flashbots Protect that will make “fast”-mode even faster starting from October 11th. - [Thread](https://twitter.com/SheaKetsdever/status/1709571123501810156?t=dMXB9VbGb0VSfjqSF-Z2fg&s=19) by [Shea Ketsdever](https://twitter.com/sheaketsdever) - [Andy](https://twitter.com/cryptowanderer) published an [update](https://collective.flashbots.net/t/ethglobal-ny-hackathon-sept-22-24/2413/2) highlighting the winners of the Flashbots prizes during the [ETHGlobal New York](https://ethglobal.com/events/newyork2023/prizes/flashbots-nwefa) hackathon. - [Valentin](https://twitter.com/unlock_VALue) published a [post](https://twitter.com/unlock_VALue/status/1707779191586930844?t=ymPe6RWOHE-g_7jm3jEm1Q&s=19) to announce a grant from Flashbots to continue the development of [mev.fyi](https://mev.fyi) and build a LLM-based search engine. - [Making Flashbot Relay stateless with EIP-x](https://ethresear.ch/t/making-flashbot-relay-stateless-with-eip-x/16788) by [Sogol Malek](https://twitter.com/sogol_malek) proposes a stateless light client design for MEV-Boost relays to mitigate network spam and optimize resource usage through ZKPs. - [Alex Watts](https://twitter.com/ThogardPvP) published a [thread](https://twitter.com/ThogardPvP/status/1709074979072188739?t=PMvWXD1iswTue9CCSNEyFA&s=19) that summarizes their talk at [All For Staking](https://lu.ma/fl5x70jv) on the intersection of MEV and account abstraction. - [Based Rollups and Decentralized Sequencing (Twitter Spaces wrap-up)](https://community.taiko.xyz/t/based-rollups-and-decentralized-sequencing-twitter-spaces-wrap-up/1220) by [Lisa A. | bot](https://twitter.com/cryptobuilder_) provides a summary of last week’s [Twitter space](https://twitter.com/i/spaces/1YqxoDeqywZKv) hosted by Taiko. - [Taker](https://twitter.com/0xTaker) published a [thread](https://twitter.com/0xTaker/status/1708567401699402115?t=QrRgHJ7GSB42JDt2-h8I_A&s=19) announcing [searcher.dev](https://searcher.dev) - a dedicated place to crowdsource and share solver-related opportunities, interesting tools, and relevant reading materials. - [Triv (トリブ)](https://twitter.com/cryptotriv) published a [thread](https://twitter.com/cryptotriv/status/1707036256977535024?t=ao-b-AmuyF6ITRfAO42ZfA&s=19) with stories from their journey as a searcher on L2s and alt-L1s. - [duoxehyon](https://twitter.com/duoxehyon) published a [thread](https://twitter.com/duoxehyon/status/1707366729574429081) on a latency battle they fought on Arbitrum Nova against other arbitrage searchers. - [Will Hennessy](https://twitter.com/WillHennessy_) published [a thread](https://twitter.com/WillHennessy_/status/1706337863934333014) to explore how ERC-4337 works by defining User Operations, Bundlers, Paymasters, Aggregators and more. - [Noam Hurwitz](https://twitter.com/ProbablyNoam) published a [thread](https://twitter.com/ProbablyNoam/status/1706700212100882471?t=lRhFMo76j4rpkugqNnZc9g&s=19) on how to calculate gas fees for ERC-4337 operations on Arbitrum and Optimism. # Talks & Discussions - [Permissionless II](https://blockworks.co/event/permissionless-2023/home): - [Panel: How to Build a Block](https://blockworks.co/event/permissionless-2023/recordings?room=38041&session=514065) with [Matt Cutler](https://twitter.com/mattycutler), [Tarun Chitra](https://twitter.com/tarunchitra) and [Dan Marzec](https://twitter.com/_danielmarzec) discuss the past, present, and future of block building, MEV, and PBS. - [Panel: The Roadmap to Shared Sequencing](https://blockworks.co/event/permissionless-2023/recordings?room=38041&session=514094) with [Josh Bowen](https://twitter.com/Jskybowen), [Patrick McCorry](https://twitter.com/stonecoldpat0), [Ben Fisch](https://twitter.com/benafisch), [Juan Gadea](https://twitter.com/juang_rs?lang=ar) and [Dougie DeLuca](https://twitter.com/DougieDeLuca) discuss rollup sequencers and how they can be decentralized and shared across multiple domains. - [Panel: The Sci-Fi Roadmap to Ethereum](https://blockworks.co/event/permissionless-2023/recordings?room=37736&session=523548) with [Dankrad Feist](https://twitter.com/dankrad), [Ansgar Dietrichs](https://twitter.com/adietrichs), [Preston Van Loon](https://twitter.com/preston_vanloon) and [David Hoffman](https://twitter.com/TrustlessState) gives an overview of EIP-4844, the future of the EVM, and validator economics. - [The Bell Curve:](https://twitter.com/thebellcurvepod) - [DEXs: Uniswap Origin, Intents, Scaling, and LVR](https://www.youtube.com/watch?v=OJsGuvCydL4) with [Michael Ippolito](https://twitter.com/MikeIppolito_) and [Dan Robinson](https://twitter.com/danrobinson) discuss the origin story of Uniswap, hooks, intents, LVR mitigation and more. - [The LP Profitability Problem: LVR, Dynamic Fees and Auctions](https://www.youtube.com/watch?v=rsAV3xjARVQ) with [Michael Ippolito](https://twitter.com/MikeIppolito_) and [Dan Robinson](https://twitter.com/danrobinson) invite [Alex Nezlobin](https://twitter.com/0x94305) and [Jason Milionis](https://twitter.com/jason_of_cs) to unpack what LVR is and how auction design and dynamic fees can reduce LVR. - [Protocol Berg:](https://twitter.com/ETHBerlin) [The Blockspace Expo](https://watch.protocol.berlin/ethberlin/protocol_berg/session/the_blockspace_expo) with [Barnabé Monnot](https://twitter.com/barnabemonnot), [Robert Habermeier](https://twitter.com/rphmeier), [Jannik](https://twitter.com/AnotherJannik), [Sam Hart](https://twitter.com/hxrts) and [Christopher Goes](https://twitter.com/cwgoes) dives into the current state of blockspace on various domains and how the transaction supply chains might evolve going forward. - [Empire](https://twitter.com/theempirepod): [Wallets and MEV: Decoding Ethereum’s Supply Chain](https://www.youtube.com/watch?v=xv1Y6TmJwOo) invites [Matt Cutler](https://twitter.com/mcutler) to discuss PBS, account abstraction, intents, and the future of wallets. - [Scraping Bits](https://twitter.com/ScrapingBits): [The Journey Of A Successful Solo MEV Searcher](https://rss.com/podcasts/scrapingbits/1142027/) invites [Shunshow](https://twitter.com/Shunsh0x), a solo MEV searcher, to dive into both the technical aspects and ethical questions surrounding MEV extraction. - [ETHconomics at Devconnect](https://twitter.com/i/spaces/1jMKgmgZzolJL) with [Barnabé Monnot](https://twitter.com/barnabemonnot), [Julian Ma](https://twitter.com/_julianma) and [Christine Kim](https://twitter.com/christine_dkim) to discuss all things [ETHconomics](https://efdn.notion.site/ETHconomics-2-15-11-2023-f3ff71566e8140bfa832c2462288a14c?pvs=4) ahead of the Devconnect event on November 15th. # Other - [A new searching guide](https://docs.flashbots.net/flashbots-mev-share/searchers/tutorials/flash-loan-arbitrage/introduction) has been published to the Flashbots documentation providing a step-by-step tutorial on how to set up a flash loan arbitrage bot on MEV-Share. - [Thread](https://x.com/SheaKetsdever/status/1707397339193704512?s=20) by [Shea Ketsdever](https://twitter.com/SheaKetsdever) - [Live walkthrough](https://www.youtube.com/watch?app=desktop&si=krmJbMH5htNTd-HK&v=Twcr2vZ1tRU&feature=youtu.be) by [Scott Bigelow](https://twitter.com/epheph) - [Hindsight](https://github.com/flashbots/hindsight) by [brock](https://twitter.com/zeroXbrock) is an WIP arbitrage simulator written in Rust that estimates the historical value of Uniswap V2/V3 and SushiSwap MEV from Flashbots MEV-Share events. - [Thread](https://twitter.com/zeroXbrock/status/1707441959038812351?t=H1u9Qvy9D6xttoyShrYMKA&s=19) by [brock](https://twitter.com/zeroXbrock) - [Holešky](https://github.com/eth-clients/holesky#readme) testnet is live, replacing[Goerli](https://github.com/eth-clients/goerli) as the testnet for staking, infrastructure and protocol-development. - [Post](https://twitter.com/BarnabasBusa/status/1707398296732312010) by [Barnabas Busa](https://twitter.com/BarnabasBusa) - [Rundler](https://github.com/alchemyplatform/rundler) (Rust Bundler) by [Alchemy](https://twitter.com/AlchemyPlatform) is a modular ERC-4337 Bundler written in Rust. - [Thread](https://twitter.com/AlchemyPlatform/status/1707450594276081670) by [Alchemy](https://twitter.com/AlchemyPlatform) - [permissionless.js](https://docs.pimlico.io/permissionless/reference) by [Pimlico](https://twitter.com/pimlicoHQ) is a TypeScript library built on [viem](https://viem.sh/) for interacting with ERC-4337 Bundlers, Paymasters, and User Operations. # Upcoming events - Oct 5th: [MEV-Boost Community Call #6](https://collective.flashbots.net/t/mev-boost-community-call-6-5-october-2023/2454) hosted by [Alex Stokes](https://twitter.com/ralexstokes) invites the MEV-Boost ecosystem to go over Deneb updates, open questions, and new proposals. * * * ✉ [**Sign up here**](https://forms.gle/Qr6MEUkVa13TDipW6) if you’d like to get The MEV Letter straight to your inbox! [Previous editions of The MEV Letter](https://collective.flashbots.net/tag/the-mev-letter) [Join Flashbots ⚡ 🤖](https://www.flashbots.net/jobs)