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
- Cooperative AI via Decentralized Commitment Devices by Xinyuan Sun, Davide Crapis, Matt Stephenson, Barnabé Monnot, Thomas Thiery and Jonathan Passerat-Palmbach explores the limitations and potential security issues in cooperative AI using examples from MEV literature.
- Ratel: MPC-extensions for Smart Contracts by Yunqi Li, Kyle Soska, Zhen Huang, Sylvain Bellemare, Mikerah Quintyne-Collins, Lun Wang, Xiaoyuan Liu, Dawn Song and Andrew Miller introduce Ratel, a framework for bridging MPC and Solidity to enable privacy-preserving dapps.
- Dirac AMM by Vasily Tolstikov and Kyle Koshiyama showcases a way to mitigate MEV on a Concentrated Circular Market Maker (CCMM) by obfuscating transactions and allowing the price to go negative.
- Forum: Negative Price AMM by Vasily Tolstikov
- The cost of artificial latency in the PBS context by Umberto Natale examines how proposers can earn higher rewards through timing games in the MEV-Boost auction.
- When To Sell Your Blocks by Quintus Kilbourn and Conor McMenamin evaluates the differences between slot auctions and just-in-time auctions like MEV-Boost, intended to serve as a starting point for other chains thinking through this decision.
- M.O.S.S. - A SUAVE Block Building Proposal by Quintus Kilbourn introduces a contract pattern for SUAVE block construction aimed to open up innovation and participation from originators and processors of order flow without sacrificing execution guarantees.
- The Problems Solved By SUAVE by Quintus Kilbourn shares an overview of use cases SUAVE enables by increasing the trust between counterparties via stronger commitments and privacy through TEEs.
- Introduction to SUAVE & MEVM by Tomo provides an overview of SUAVE and the MEVM with code examples of SUAPPs.
- Block Builder Profitability - Research by OreoMev analyzes the profitability and market share of block builders in November.
- Tipping the Iceberg of CEX-DEX MEV by Spicypunk discusses the complexities of measuring CEX-DEX arbitrage and shares finding from a 2-week case study between Osmosis and Binance.
Posts & Threads
- Private libraries in SUAVE by Ferran Borreguero describes how SUAPPs can use private libraries through confidential compute requests and the
createopcode. - P2P published a thread to share their position on timing games following the discussion related to their previous announcement.
- P2P published a thread with information on how their users can disable the added request delay to relays.
- Alex Watts published a thread on the effects block times have on CEX/DEX arbitrage.
- Jiawei published a thread that analyzes the current state of competition in the orderflow space.
- rain&coffee published a thread that summarizes the research landscape for intents.
Talks & Discussions
- MEV Boost Community Call #7 hosted by Alex Stokes discussed Deneb, PBS Foundation, and the effects of timing games.
- Incentives, Value Redistribution, & Observability in MEV Supply Chain hosted by EigenPhi invites Benjamin Hunter, Blair Marshall, Danning Sui, Julian Villella, and Sophie Liu to discuss the MEV supply chain, MEV burn, PEPC, builder-searcher integration, and more.
Other
- SUIFT by Matt Stephenson, Xinyuan Sun, and Lauren Stephanian is a concept SUAPP that provides a fairer ticketing auction to mitigate the negative externalities of ticketing bots and resale markets.
- mev-boost-relay v0.28 has been released with support for the Holešky testnet.
- SUAVE-viem is a TypeScript extension for viem for interacting with SUAVE.
- ethers-suave by Miha Lotric is a Typescript library, built on top of ethers.js, for interacting with SUAVE.
- DotPics Data API by Toni Wahrstätter provides access to the data powering the various .pics dashboards such as mevboost.pics.
- Post by Toni Wahrstätter
- Thread by storm
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