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.
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Papers & Articles
- Pricing and hedging for liquidity provision in Constant Function Market Making by Jimmy Risk, Shen-Ning Tung and Tai-Ho Wang presents a mathematical framework for CFMMs by transitioning from traditional token reserve analyses to a coordinate system defined by price and intrinsic liquidity.
- 10 Days, 252 Commits, and 52% Win Rate: What I Learned Building a Trading Bot for Prediction Markets by dom describes the journey of building a low-latency trading bot for Polymarket that reads CEX prices faster than the Chainlink oracle feed to get ahead of the 5- and 15-minute crypto price markets.
- Three years of PBS. Time for a finality check. A survey of the structural gaps by Blockspace Forum describes the economics, performance, and robustness of the MEV-Boost landscape today.
- Economics: Align the Incentives To Align the Outcome by Blockspace Forum analyzes the rise of exclusive order flow and its impact on the builder market, and wnd users.
- What network effects mean for the design of L1s (and L2s) by Andrea Canidio argues that L1s should bootstrap network effects by focusing on finance as the main use case, and prioritize the transaction supply chain.
Posts & Threads
- Vitalik Buterin published a post presenting an incremental roadmap for fast slots and fast finality, as the first in a series of posts commenting on the L1 Strawmap by EF protocol.
- Vitalik Buterin published a post outlining the quantum-vulnerabilities in Ethereum today, and presents a step-by-step roadmap for quantum resistance across four remaining areas.
- Vitalik Buterin published a post on account abstraction and presents EIP-8141: Frame Transaction as a minimal yet general framework for AA use cases.
- Vitalik Buterin published a post on protocol research related to the execution layer, with a focus on upgrading the state tree, and the VM.
- Vitalik Buterin published a post describing a multi-stage roadmap for scaling Ethereum L1 via multi-dimensional gas, zkEVM, and more.
- Vitalik Buterin published a post on upcoming changes to the block building pipeline, including FOCIL, encrypted mempools, Flashnet, and more.
- Vitalik Buterin published a post advocating for Ethereum to build free, open-source tools that let people communicate, organize, and manage resources in ways that are robust to government, corporate, and social pressures.
Talks & Discussions
- Indexed Podcast: The Hidden Risks of Crypto Bridges invites donnoh.eth for a conversation on cross-chain interoperability, bridging risk, and the new interoperability dashboard by L2BEAT.
- Ready for Merge: DevTalk: The Hegota EL Headliner Debate invites Jannik Luhn and Justin Florentine to present LUCID as an EL headliner proposal for Hegotá.
- All Core Devs - Execution (ACDE) #231, Feb 26, 2026 hosted by Ansgar Dietrichs discussed Glamsterdam devnets, Hegotá headliners, and more.
- All Core Devs - Testing (ACDT) #72, March 2, 2026 hosted by parithosh covered updates from blob-devnet-0, bal-devnets, epbs-devnet-0, and gas limit testing.
- Encrypt The Mempool #1, March 4, 2026 hosted by Justin Florentine discussed the latest updates related to EIP-8105: Universal Enshrined Encrypted Mempool.
- EIP-7928 Breakout #13, Feb 25, 2026 hosted by Toni Wahrstätter covered specification changes, and client implementation updates related to BALs.
- Fast Confirmation Rule (FCR) #4, March 3, 2026 hosted by Will Corcoran covered specification, client implementations, and testing of Fast Confirmation Rule (FCR).
Other
- L1 Strawmap by EF protocol presents a technical roadmap for the next 5 years of Ethereum across 5 categories: Fast L1, Gigagas L1, Teragas L2, Post quantum L1, and Private L1.
- Pure Zig Ethereum library – seeking feedback from searchers by Amlandeep Bhadra introduces eth.zig as a complete, zero-dependency, Ethereum client library written in Zig, and solicits feedback from searchers on features.
- How Crypto Actually Works: The Missing Manual by Larry Cermak, Igor Igamberdiev, Bohdan Pavlov, and Tim Copeland explains concepts across the crypto ecosystem, including DeFi primitives, MEV, governance, and more.
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