# The MEV Letter #19

**URL:** https://collective.flashbots.net/t/the-mev-letter-19/2792
**Category:** The Flashbots Ship
**Tags:** links, the-mev-letter
**Created:** [December 9, 2023, 9:16pm UTC](https://collective.flashbots.net/t/the-mev-letter-19/2792 "2023-12-09T21:16:22Z")
**Posts on this page:** 1
**Page:** 1

<div class="post-metadata">

### 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: [December 9, 2023, 9:16pm UTC](https://collective.flashbots.net/t/the-mev-letter-19/2792/1 "2023-12-09T21:16:22Z")

</div>

_ **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

- [Timing Games: Implications and Possible Mitigations](https://ethresear.ch/t/timing-games-implications-and-possible-mitigations/17612) by [Caspar](https://twitter.com/casparschwa) and [Mike Neuder](https://twitter.com/mikeneuder)explores the consequences, and potential mitigations, of timing games by block proposers.
  - [Post](https://twitter.com/ethresearchbot/status/1732145137537384640?s=52) by[ethresearchbot](https://twitter.com/ethresearchbot)

- [Empirical Analysis of Cross Domain CEX \<\> DEX Arbitrage on Ethereum](https://ethresear.ch/t/empirical-analysis-of-cross-domain-cex-dex-arbitrage-on-ethereum/17620) by [Colin](https://twitter.com/0xcchan) presents data on CEX-DEX arbitrage and the relationships between searchers and builders.
  - [Thread](https://twitter.com/notnotstorm/status/1732464891095662660) by [storm](https://twitter.com/notnotstorm)

- [MEV & The Evolution of Crypto Exchange: Part II](https://archetype.mirror.xyz/IOvUPajhe9olbEPU-FfHPTG6EdVzE9SkADkC_aF3Pdo) by [Benjamin Funk](https://twitter.com/0xFunk) looks at new onchain primitives and how they might impact market structures related to intents, DEXes and MEV.
  - [Thread](https://twitter.com/0xfunk/status/1732092734184316937?s=52) by [Benjamin Funk](https://twitter.com/0xFunk)

- [Mechanics of intent solving II - Obstructions to Compositionality](https://blog.20squares.xyz/mechanics-intent-search-ii/) by [Fabrizio Genovese](https://twitter.com/fabgenovese) delves into obstructions to intent compositionality using homotopy theory.
- [How mev-commit enables execution commitment privacy](https://mirror.xyz/0xB456F9deb9bB6f545f91Ce2949C458c3A723659e/1gjUCw9tCUDZ2U71N-6IkINeJYyhuTdC7WeVeBam-fM) by [Bernardo Magri](https://twitter.com/bemagri) introduces [mev-commit](https://github.com/primevprotocol/mev-commit) as a P2P network for credible commitments between actors in the MEV supply chain.
  - [Thread](https://twitter.com/primev_xyz/status/1732063550401597588?s=52) by [Primev](https://twitter.com/primev_xyz)

- [UX WILL BE GUD](https://samnotmissing.substack.com/p/ux-will-be-gud-421) by [sam.ng](https://twitter.com/samnotmissing) 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](https://medium.com/@titania-research/mev-101-how-to-dive-into-mev-53271f888c59) by [ywzx](https://twitter.com/_ywzx) provides an overview of challenges and open questions related to MEV.
  - [Thread](https://twitter.com/keccak254/status/1732055329826013692?s=52) by [vita](https://twitter.com/keccak254)

- [Crypto AI Agents: The First-Class Citizens of Onchain Economies](https://nystrom.substack.com/p/crypto-ai-agents) by [Mason Nystrom](https://twitter.com/masonnystrom) explores how onchain autonomous AI agents might evolve to handle more complex tasks.
  - [Post](https://twitter.com/masonnystrom/status/1732108817062822142) by [Mason Nystrom](https://twitter.com/masonnystrom)

- [The 2023 Sequencing Map](https://newsletter.auditless.com/p/al-034-the-2023-sequencing-map) by [Peteris Erins](https://twitter.com/p_e) maps out actors and trends in the sequencing landscape.
  - [Thread](https://twitter.com/p_e/status/1732052349659828724?s=52) by [Peteris Erins](https://twitter.com/p_e)

# Posts & Threads

- [SUAVE Treasure Map with Bankless, Phil Daian, and Andrew Miller](https://collective.flashbots.net/t/suave-treasure-map-with-bankless-phil-daian-and-andrew-miller/2782) by [Reid Yager](https://twitter.com/0xYager) provides a summary and excerpts from the recent [Bankless episode on SUAVE](https://www.youtube.com/watch?v=j3ZM2ZdUWXU).
- [Robert Miller](https://twitter.com/bertcmiller) published a [thread](https://twitter.com/bertcmiller/status/1732530082558931119?s=52) with findings from investigating a searcher performing blind backruns on private orderflow deep in blocks.
- [PropellerHeads](https://twitter.com/PropellerSwap) published a [thread](https://twitter.com/propellerswap/status/1732412410504597698?s=52) to recap their highlights from Devconnect Istanbul, including talks, panels, and the [UNISUAVE Researchathon](https://lu.ma/hookathon).

# Talks & Discussions

- [Nethermind Summit Istanbul](https://lu.ma/nethermind-summit-istanbul):
  - [Deconstructing PBS in the L2 landscape](https://www.youtube.com/watch?v=6Uv24SufDZ0&list=PL___OxyrcI6TlcgKh39H5zITgFgWilGl6&index=8) by [Quintus Kilbourn](https://twitter.com/0xQuintus) looks at the history of PBS on Ethereum and evaluates PBS design on L2s.
    - [Slides](https://docs.google.com/presentation/d/1hPnfshaaNGCepQJQqUz1CHIfP9K_7npXrOP6qrHY1Gw/edit?usp=sharing)

  - [Shutterized Gnosis Chain](https://youtu.be/HWvLO_Lq_4g?si=kPXm2EDCX8DQwwf8) by [Jannik Luhn](https://twitter.com/anotherjannik) provides an overview of how [Shutter Network](https://twitter.com/project_shutter) seeks to prevent frontrunning on Gnosis chain by using a threshold cryptography.

- [Research Day: Infra Frontiers for Modular](https://lu.ma/ResearchDay) by [SevenX Ventures](https://twitter.com/SevenXVentures)
  - [PBS Expansion Pack: Land of L2s](https://www.youtube.com/watch?v=Gi3zqrv_hHk) by [dmarz](https://twitter.com/_danielmarzec) explores the rapidly evolving design space of PBS on L2s with the introduction of two new roles, sequencers and provers.
    - [Slides](https://docs.google.com/presentation/d/1JxV-XoSvdxRbrBP54Q-0VcoMzyMxSFuX4BmuwIZzT2I/edit)

  - [Mempool Encryption](https://youtu.be/5gt5hMjvuLE?si=QamEsfQUGDKLZzhl) by [Mohammad Jahanara](https://twitter.com/MMJahanara) presents an encrypted MEV supply chain construction to enhance censorship resistance and credible sequencing.
    - [Slides](https://docs.google.com/presentation/d/1JxV-XoSvdxRbrBP54Q-0VcoMzyMxSFuX4BmuwIZzT2I/edit)

  - [Thread](https://twitter.com/yuxiao_deng/status/1732762678098366757?s=52) by [Grace Deng](https://twitter.com/yuxiao_deng)

- [Bell Curve](https://twitter.com/thebellcurvepod): [How Appchains Align DEX Incentives](https://www.youtube.com/watch?v=5txEBPGJnmA) invites [Antonio Juliano](https://twitter.com/AntonioMJuliano) to discuss how [dYdX](https://twitter.com/dYdX) approaches MEV, DEX design, bach auctions, appchains and more.
- [Archetype](https://twitter.com/archetypevc) MEV Lunch:
  - [Why It’s Hard to Enshrine PBS](https://www.youtube.com/watch?v=Vf20xAFZzM8) by [Mike Neuder](https://twitter.com/mikeneuder) delves into the future of PBS, including trustless relays, cryptographic enhancements, and the challenges of enshrining PBS.
  - [Learning to Love Unbundling](https://www.youtube.com/watch?v=6B8SG9oxYtA) by [Alex Watts](https://twitter.com/ThogardPvP) gives an overview of how [FastLane on Polygon](https://twitter.com/0xPFL) disincentivizes sandwiches through unbundling and a random duration auction.
  - [The Holy Grail of Order Matching](https://www.youtube.com/watch?v=B9eM8vjudRE) by [Soumya Basu](https://twitter.com/soumyab8) presents a framework for DEX design including benchmarks to compare different mechanisms.
  - [Thread](https://twitter.com/archetypevc/status/1732876037023826189) by [Archetype](https://twitter.com/archetypevc)

# Other

- [Parsec Explorer](https://parsec.fi/) is a block explorer supporting multiple EVM chains with custom layouts based on the type of address and chain.
  - [Post](https://parsec.finance/blog/explorer) by [Parsec](https://twitter.com/parsec_finance)
  - [Thread](https://twitter.com/parsec_finance/status/1732432220046925965?s=52) by [Parsec](https://twitter.com/parsec_finance)
  - [Thread](https://twitter.com/wilburforce_/status/1732500449977303268?s=52) by [Will Sheehan](https://twitter.com/wilburforce_)

- [Ethernow](https://www.ethernow.xyz/) by [Blocknative](https://twitter.com/blocknative) is a transaction explorer with real-time mempool data, metrics on block composition, and historical data extending back to November 2019.
  - [Post](https://www.blocknative.com/blog/introducing-ethernow-real-time-observability-for-ethereum) by [Blocknative](https://twitter.com/blocknative)
  - [Thread](https://twitter.com/blocknative/status/1732822501917663447) by [Blocknative](https://twitter.com/blocknative)

- [Eden Public Data](https://docs.edennetwork.io/public-data/overview/) by [Eden Network](https://twitter.com/EdenNetwork) has been extended with data sets from [Mempool Dumpster](https://docs.edennetwork.io/public-data/flashbots/mempool-dumpster/), [MEV-Share](https://docs.edennetwork.io/public-data/flashbots/mev-share) and [MEV Blocker](https://docs.edennetwork.io/public-data/gnosis/mev-blocker).
- [ELO Ratings](https://libmev.com/elo) by [libMEV](https://libmev.com/) introduce a rating system for searchers skills and performance.
  - [Post](https://crypticwoods.com/blog/elo-based-searcher-ranking/) by [Cryptic Woods](https://twitter.com/crypticwoods_)
  - [Thread](https://twitter.com/crypticwoods_/status/1731298952946069800?s=52) by [Cryptic Woods](https://twitter.com/crypticwoods_)

- [MEV-BooTEE](https://github.com/oana-barbu/mev-bootee) by [Oana Barbu](https://twitter.com/OanaDesu) and [afkbyte](https://twitter.com/afk0b) is an integrated builder-relayer that runs partial block auctions inside a TEE.

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