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.
Papers & Articles
- Bunny Hops and Blockchain Stops: Cross-Chain MEV Detection With N-Hops by Davide Mancino, Hasret Ozan Sevim, and Oriol Saguillo Gonzalez presents a methodology for detecting profitable multihop cross-chain arbitrage opportunities, showing that these are extremely rare due to cost, latency, and risk.
- Price Discovery Auctions by Austin Adams presents a model for price discovery in initial pricing auctions under information asymmetry, analyzing how adversarial behavior and heterogeneous beliefs affect value capture and market stability.
- Threshold Encrypted Mempools with mev-commit Preconfirmations by Murat Akdeniz, Bernardo Magri, Christian Matt, Punit Jain, Anthony Caravello, and Luis Bezzenberger presents a threshold-encrypted mempool design that combines Shutter’s encryption with mev-commit preconfirmations to prevent frontrunning and enforce builder inclusion.
- Do L2 Sequencers Really Need Threshold Randomness? A Case for Minimal PQ-Verifiable VRFs by Pipavlo82 outlines a minimal deterministic, PQ-verifiable VRF for L2 sequencers, AA bundlers, and ZK-prover assignment.
Posts & Threads
- @Christoph published a reply to Trustless payments: right vibe, more trust? by Alexander Tesfamichael describing technical trade-offs between sealed-bid and open-bid auction formats in Ethereum block auctions.
- @Julio published a reply to Beyond Flashtestations by Tei Im on how to safely delegate L2 block building to untrusted parties, and what new infrastructure is required to make this practical from both a security and performance perspective.
- Ethereum Foundation published a thread outlining the upcoming Fusaka upgrade and how it improves scalability, security, and UX.
- Ethereum Foundation published a thread detailing required preparations for Layer 2s, app developers, wallet providers, and protocol infrastructure ahead of Fusaka.
- Anders Elowsson published a thread explaining how FOCILR is designed to extend FOCIL with a transaction-ranking fee mechanism to guarantee next-block inclusion.
- SouraDeep published a thread detailing the responsibilities of the STEEL Team at Ethereum Foundation to produce Ethereum Execution Layer Specification (EELS) and test EL clients before forks.
- Ream Labs published a post highlighting successful devnet1 interoperability between ream, zeam, and Quadrvium with post-quantum signature signing and verification.
- Post by Quadrvium
- Post by lean Ethereum
- Post by ladislaus.eth
- Francesco D’Amato published a thread arguing that current unstaking delays unfairly advantage LSTs, and suggests adopting EIP-8080 and EIP-8061 to increase exit throughput and reduce the weak subjectivity period to 7 days.
- Thomas Thiery published a post emphasizing that FOCIL’s value does not lie in delivering short-term performance improvements, but in upholding censorship resistance under severe network conditions.
Talks & Discussions
- Recordings from Frontier Forum hosted by SpaceComputer have been uploaded:
- Opening Keynote by Daniel Bar and @rezabfil
- Restoring our Social Fabric with Liberated Private Data and Confidential Compute by @socrates1024
- Secure Silicon, Exploring the Frontier by @Quintus
- Panel: Truth Frontier: Software vs. The Machine with Auryn Macmillan, Jordi Baylina, Sebastian Bürgel and Daniel Bar
- Panel: Encrypted bv Design: The Future of Private Computation with Mikerah Quintyne-Collins, Martin Leclercq, Matej Janez and Dylan Kawalec
- Panel: Speed Meets Security: Building Usable Infra For A Trustless World with Shresth Agrawal, Orest Tarasuik and @rezabfil
- Additional recordings from Bankless Summit II hosted by Bankless have been uploaded:
- Recordings from Staking Summit hosted by Staking Rewards have been uploaded:
- Recordings from EIP Summit hosted by ECH Institute have been uploaded:
- All Core Devs - Consensus (ACDC) #170 hosted by Alex Stokes covered Mainnet Upgrade & Incident Response Team Plan for Fusaka, and updates related to Glamsterdam testing.
- All Core Devs - Testing (ACDT) #62 hosted by Barnabas Busa discussed preparations for Fusaka activation on mainnet, updates on Glamsterdam devnets, gas limit increases, and more.
- FOCIL Breakout #24 hosted by Jihoon Song covered FOCIL testing and implementation updates.
- The Fusaka Files: What’s Next for Ethereum After Fusaka? invites Tomasz K. Stańczak to discuss credible neutrality, Layer 2s, protocol security, and more.
- Endgame: How Wall Street Became Ethereum Aligned invites Tomasz K. Stańczak for a conversation on the Ethereum Foundation, institutional adoption, and more.
- Staking Nerd Talk: FOCIL, Deprecating BLS, Fusaka releases, Staking Gathering and Devconnect with Rémy Roy and Thorsten Behrens discussed FOCIL, Fusaka client releases, and Devconnect.
- From Whiteboard to Mainnet Podcast: DAO Governance invites Jungsuk Han, Jongsub Lee, Tao Li, and Michael Zargham for a conversation on how DAO governance has evolved, how key decisions are being made, and directions for future work.
- Bankless: The Holy Grail of Crypto Privacy: Encrypted Ethereum, FHE & Living Forever invites Rand Hindi for a conversation on privcacy, how FHE compares to ZK and MPC, and Zama.
Other
- contender v0.6.0 by Flashbots includes support for more ENV vars, a new flag to speed up repeated spam runs, UX improvements, and more.
- Mastering Ethereum: 2nd Edition by Andreas M. Antonopoulos, Gavin Wood, Carlo Parisi, Alessandro Mazza, and Niccolò Pozzolini is an updated version that reflects Ethereum’s post-PoW evolution in architecture, tools, and smart contract development.
- Post by Carlo Parisi
- Post by Alessandro Mazza
- L1 Upgrades: The Glamsterdam proposals we’re most excited about detail Base’s tier list of EIPs to be included in Glamsterdam.
- Post by Base Build
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