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
- The Price of Decentralization in Block Building by @boz1, @willwoo, @luiscorreia, @syang, @BrunoMr, and Stefanos Leonardos studies location choice in decentralized block building and shows that uncoordinated builders can over-concentrate near high-value sources, creating duplicate coverage and reducing welfare.
- Signals and Spoils: Speculative Oracle Extractable Value in the Era of Cross-Chain Interoperability by Hasret Ozan Sevim and Christof Ferreira Torres studies speculative Oracle Extractable Value (OEV) on L2s, by analyzing how searchers spam repeated transactions to backrun Chainlink price updates and capture liquidations on Aave.
- Mechanized Proofs for Atomic Cross-Domain State Synchronization by Jay Kim introduces a formal model for atomic cross-domain state synchronization, separating safety from liveness to prove consistent state updates under Byzantine faults.
- Building index-tracking assets on top of options instead of debt by Vitalik Buterin presents a liquidation-free design for synthetic assets that uses options rather than debt as the base building block.
- Imperfect Commitment in Maximal Extractable Value Auctions by nuconstruct summarizes findings from Imperfect Commitment in Maximal Extractable Value Auctions by Aleksei Adadurov, Sergey Barseghyan, Anton Chtepine, Antero Eloranta, Andrei Sebyakin and Arsenii Valitov, which studies the commitment problem in MEV auctions in which builders may defect after observing bids and replicate searcher strategies.
Posts & Threads
- Aya Miyaguchi published a post commenting on The Ethereum Foundation Mandate and the Ethereum Foundation narrowing focus on CROPS after years of distributing power so that Ethereum could grow beyond any single organization.
- Theo Beutel published a thread arguing that CROPS needs a clearer and more precise definition.
- Justin Drake published a post outlining a post-quantum migration path for Ethereum based on replacing BLS, KZG, and ECDSA with hash-based cryptography.
- Toni Wahrstätter published a post highlighting the discussion about whether to enshrine a canonical deterministic factory via EIP-7997 in Glamsterdam, or Hegotá.
Talks & Discussions
- EthStaker: Community Call #66: Fast Finality invites Ben Edgington and Roberto Saltini to discuss Fast Confirmation Rule (FCR) and its impact on users, apps, and validators.
- All Core Devs - Consensus (ACDC) #179, May 28, 2026 hosted by parithosh discussed updates from glamsterdam-devnet-4, timelines for devnet-5, and EIPs for Hegotá.
- All Core Devs - Testing (ACDT) #81, June 1, 2026 hosted by danceratopz covered updates from Glamsterdam devnets, BALs benchmarking progress, gas repricings, and more.
- FOCIL Breakout #35, June 2, 2026 hosted by Jihoon Song covered FOCIL testing and implementation updates.
Other
- [Constitutional] AIP: Transition Arbitrum One ordering policy to Priority Gas Auctions (PGA) by Offchain proposes to disable Timeboost on Arbitrum One and Arbitrum Nova, and replace it on Arbitrum One with a Priority Gas Auction (PGA) mechanism.
- Panda: one tool for the whole data stack by Sam Calder-Mason and Stefan introduces Panda as a CLI, MCP server, and sandboxed Python runtime for the ethPandaOps ecosystem via a single interface.
- ECDSA.fail by gautham is an open competition to optimize reversible quantum circuits for secp256k1 elliptic-curve point addition, which is used for Bitcoin and Ethereum signatures.
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