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
- Timing Games: Implications and Possible Mitigations by Caspar and Mike Neuder explores the consequences, and potential mitigations, of timing games by block proposers.
- Empirical Analysis of Cross Domain CEX <> DEX Arbitrage on Ethereum by Colin presents data on CEX-DEX arbitrage and the relationships between searchers and builders.
- MEV & The Evolution of Crypto Exchange: Part II by Benjamin Funk looks at new onchain primitives and how they might impact market structures related to intents, DEXes and MEV.
- Mechanics of intent solving II - Obstructions to Compositionality by Fabrizio Genovese delves into obstructions to intent compositionality using homotopy theory.
- How mev-commit enables execution commitment privacy by Bernardo Magri introduces mev-commit as a P2P network for credible commitments between actors in the MEV supply chain.
- UX WILL BE GUD by sam.ng dives into the UX challenges of Ethereum’s rollup-centric roadmap and potential solutions like account abstraction, intents and SUAVE.
- MEV 101 : How to dive into MEV by ywzx provides an overview of challenges and open questions related to MEV.
- Crypto AI Agents: The First-Class Citizens of Onchain Economies by Mason Nystrom explores how onchain autonomous AI agents might evolve to handle more complex tasks.
- The 2023 Sequencing Map by Peteris Erins maps out actors and trends in the sequencing landscape.
Posts & Threads
- SUAVE Treasure Map with Bankless, Phil Daian, and Andrew Miller by Reid Yager provides a summary and excerpts from the recent Bankless episode on SUAVE.
- Robert Miller published a thread with findings from investigating a searcher performing blind backruns on private orderflow deep in blocks.
- PropellerHeads published a thread to recap their highlights from Devconnect Istanbul, including talks, panels, and the UNISUAVE Researchathon.
Talks & Discussions
- Nethermind Summit Istanbul:
- Deconstructing PBS in the L2 landscape by Quintus Kilbourn looks at the history of PBS on Ethereum and evaluates PBS design on L2s.
- Shutterized Gnosis Chain by Jannik Luhn provides an overview of how Shutter Network seeks to prevent frontrunning on Gnosis chain by using a threshold cryptography.
- Research Day: Infra Frontiers for Modular by SevenX Ventures
- PBS Expansion Pack: Land of L2s by dmarz explores the rapidly evolving design space of PBS on L2s with the introduction of two new roles, sequencers and provers.
- Mempool Encryption by Mohammad Jahanara presents an encrypted MEV supply chain construction to enhance censorship resistance and credible sequencing.
- Thread by Grace Deng
- Bell Curve: How Appchains Align DEX Incentives invites Antonio Juliano to discuss how dYdX approaches MEV, DEX design, bach auctions, appchains and more.
- Archetype MEV Lunch:
- Why It’s Hard to Enshrine PBS by Mike Neuder delves into the future of PBS, including trustless relays, cryptographic enhancements, and the challenges of enshrining PBS.
- Learning to Love Unbundling by Alex Watts gives an overview of how FastLane on Polygon disincentivizes sandwiches through unbundling and a random duration auction.
- The Holy Grail of Order Matching by Soumya Basu presents a framework for DEX design including benchmarks to compare different mechanisms.
- Thread by Archetype
Other
- Parsec Explorer is a block explorer supporting multiple EVM chains with custom layouts based on the type of address and chain.
- Ethernow by Blocknative is a transaction explorer with real-time mempool data, metrics on block composition, and historical data extending back to November 2019.
- Post by Blocknative
- Thread by Blocknative
- Eden Public Data by Eden Network has been extended with data sets from Mempool Dumpster, MEV-Share and MEV Blocker.
- ELO Ratings by libMEV introduce a rating system for searchers skills and performance.
- Post by Cryptic Woods
- Thread by Cryptic Woods
- MEV-BooTEE by Oana Barbu and afkbyte is an integrated builder-relayer that runs partial block auctions inside a TEE.
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