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
- Validator Timing Game Post EIP4844 by Terence Tsao explores the potential timing games proposers might engage in after EIP-4844 and the consequences for the network.
- Dynamic Fees for Automated Market Makers: Liquidity, Volatility, and Collected Fees by atiselsts.eth and Brokkr study the relationship between liquidity, volatility, and collected fees by simulating dynamic fees in Uniswap v4.
- Make Ethereum Cypherpunk Again by Vitalik Buterin delves into the vision underlying Ethereum to build a more free and open society and economy.
- Money For Nothing by rekt describes how a searcher managed to extract 578 ETH by backrunning a transaction that added out-of-range liquidity for a Uniswap v3 pool.
- Post by rekt
- Post by PeckShieldAlert
- EigenPhi published a series of articles that highlight trends and events in the MEV landscape of 2023.
- From Cross-Chain to Whitehat: Unveiling the Tactics and Opportunities in the Spotlight of MEV Arbitrage
- Special Feature: Behind the Blocks - Navigating the Silent Power Shifts in the MEV Supply Chain
- Blueprint Conversations of DeFi’s Future: Profits, Protocols, and Power Dynamics Unveiled
- Crypto Capers: Exposing High-Stakes Exploits and Advanced Defenses
- Strategy Playbook: Mastering 2023’s Pioneering DeFi Trading Tactics
Posts & Threads
- Vitalik Buterin published a thread that outlines an updated Ethereum roadmap, The Scourge has been redesigned since last year with an MEV track and a Staking economics/experience track.
- Thomas Thiery published a thread that summarizes Strategic Bidding Wars in On-chain Auctions which analyzes how latency, orderflow, and auction design aspects affect bidding performance and strategy effectiveness in MEV-Boost.
- Nitanshu published a thread that details an order matching algorithm that enables matching for encrypted orders through BFV homomorphic encryption.
- Data Always published a post with an animated visual that highlights the trend toward winning bids being received later in the slot.
- Toni Wahrstätter published a post on attestation inclusion for validators in December compared to data from July.
- Max Resnick published a post that examines the proposed benefits of MEV Burn and argues that a more favorable tax situation for proposers is the only advantage.
- Norswap published a thread that summarizes SUAVE as a privacy chain that enables MEV-time applications to be deployed onchain.
Talks & Discussions
- Scraping Bits:
- Telegram Bot Snipes LPs 90% Before All Of Ethereum’s MEV Bots invites Banana Gun to discuss the rise of Telegram bots and the impact they have on the landscape of DeFi and MEV.
- Bridging Cross-Chain Intent Bundles w/ Composable; Intent MEV Solvers invites Omar Zaki to explore the future of cross-chain, composable intents.
- Bell Curve: Fee Markets: How Blockchains Price Scarce Resources invites Sam Hart and Pranav Garimidi to discuss the past, present, and future of blockchain fee markets.
Other
- timing.pics by Toni Wahrstätter provide insights into when winning bids are selected by proposers and the correlation with missed slots.
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