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
- FRP-35: Pair Trading Opportunities as a form of MEV by Antero Eloranta analyzes pair trading opportunities on DEXes and how searchers can profit from price discrepancies.
- A Study of MEV Extraction Techniques on a First-Come-First-Served Blockchain by Burak Öz, Filip Rezabek, Jonas Gebele, Felix Hoops and Florian Matthes explores how MEV strategies vary between blockchains using FCFS and fee-based sequencing.
- Value-Capturing Based Rollups with Based Preconfirmations by Conor McMenamin outlines a protocol which allows for based preconfirmations, while ensuring the based rollup captures much of the value generated from block building.
- Heuristics for Detecting Censorship by Potuz gives an overview of relay censorship and presents a set of heuristics that EL-clients could use to detect and counteract censorship.
- Analyzing Missed Slot Through The Lens of Relays – A potential path for relay incentivization by ballsyalchemist highlight the lack of incentives for relays and presents possible solutions through a relay mesh network and collecting penalties from proposers that miss their slot.
- Correctly pricing blockspace in a causally parallel world by Fabrizio Genovese and Daniele Palombi explores how emerging trends like a parallelized-EVM could impact blockspace pricing, incentive design, and the concept of causality.
- Flashbots x Axelar - SUAVE Bridge Proposal by Georgios Vlachos details a proposal for SUAVE to use Axelar for cross-chain use-cases.
- The Cross-Domain Thesis Part 3.1: Ordering by Maven11 Research looks at how Verifiable Sequencing Rules (VSRs) could be used to enforce ordering in a modular, cross-domain world.
- Uniswap ALM Analysis by Gauntlet delves into the landscape of Automated Liquidity Management (ALM) on Uniswap by analyzing Arrakis, Gamma and Mellow.
- MEV-aware Information Technology by magic explores the concept of MEV-aware protocols and describes how SUAVE provides users with programmable privacy and allows them to capture MEV.
- Introducing Khalani: The Decentralized Solver Infrastructure by Kevin Wang presents Khalani Network as a decentralized solvers infrastructure for intent-driven generative coordination.
Posts & Threads
- Danning Sui published a thread that categorizes different eras in the block building market and highlights a new trend with actors that are aggressively subsidizing their bids.
- SMG published a thread that details the loss of $500k from a searcher due to CEX-DEX arbitrage going wrong.
- Chris Hager published a post to highlight the upcoming MEV-Boost v1.7 release for Goerli proposers ahead of the Dencun upgrade.
- Cryptic Woods published a thread that details how a searcher extracted 155 ETH from backrunning an out-of-range liquidity provision on Uniswap v3.
Talks & Discussions
- Recordings have been uploaded from Columbia CryptoEconomics Workshop 2023 with talks and panels on MEV, PBS, restaking and more.
- Wen Building: Are We Heading Towards the MEV Dystopia? A Deep Dive into the Complexities in MEV Supply Chain & Available Mitigations invites Danning Sui to give an overview of the current landscape of MEV, OFAs, private mempools and the rise of integrated searcher-builders.
- Scraping Bits: Dimensional MEV: Validators Can Sell Future Blockspace? invites nate to discuss the benefits and potential risks of having a market for future blockspace.
Other
- Titania Research House by Titania Research is a series of IRL workshops throughout January on the topics of SUAVE, LVR, PBS, L2 PBS and relays.
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