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.
In order to ensure The MEV Letter meets its objectives and provides an optimal reading experience, we’ve set up a survey to better understand reader preferences and expectations.
We do not include any trackers in the emails, which means that we can not perform direct analytics on reader behavior. Instead, we rely on your feedback to optimize content and improve the publication further. The survey is quick and your engagement is very much appreciated. Thank you!
- Atlas by Alex Watts, Jacob Greene, Jeremy Feral, Jordan Hagan and Ben Sparks introduces Atlas by FastLane Labs as a generalized execution abstraction protocol that facilitates programmable MEV mitigation at the application layer.
- State Lock Auctions: Towards Collaborative Block Building by dmarz propose a mechanism for a Top-of-Block state lock auction that enables optimistic construction of partial blocks.
- Unconditional inclusion lists by Mike Neuder and Toni Wahrstätter presents a design philosophy for unconditional inclusion list, evaluates potential alternatives, and introduces a two-slot design.
- On Increasing the Block Gas Limit by Toni Wahrstätter and Vitalik Buterin outlines paths to reduce the maximum block size, balance calldata pricing, and raise the block gas limit.
- CronFi Streaming Bridge by pbj shares a fully on-chain bridge design for SUAVE that utilizes interdependent AMMs on both domains.
- The MVI Grants Program by Konstantin Lomashuk and Artem Kotelskiy announces a grant from cyber•Fund to study the effects of Minimum Viable Issuance (MVI) and Ethereum staking economics.
- rain&coffee published a thread with a technical overview of decentralized- and shared sequencers and their impact on finality, DA and MEV.
- InfectedCrypto published a thread on how TWAP discourages price manipulation and how Uniswap V3’s use of the geometric mean further increases the cost of manipulation.
- UMA published a thread with an overview of Oracle Extractable Value (OEV), and how Oval enables lending protocols to capture this value.
- Indexed Podcast: Orderflow, Inscriptions, ETFs & $JUP with Boxer, Danning Sui and hildobby dives into orderflow.art, OFAs, the current DEX landscape, and more.
- Research Hours: Just-In-Time Liquidity with Austin Adams, Xin Wan, Ruizhe Jia and Agostino Capponi discuss JIT liquidity provisioning, how it impacts overall liquidity, and how AMMs can leverage JIT to their advantage.
- Recordings from Day 3 of Columbia CryptoEconomics Workshop 2023 with presentations on MEV, PBS, inclusion lists, timing games and more has been uploaded.
- Recordings from Day 1 & 2
- Bankless: Fixing Fragmentation invites Justin Drake to discuss chain fragmentation, universal synchronous composability, shared sequencing, and based rollups.
- Scraping Bits:
- Native Crosschain MEV: Cosmos Blockchain Relayer MEV?! invites magmar to explore crosschain MEV opportunities in the Cosmos ecosystem and how relayers have the potential to capture value.
- Automation Of Blockchain Smart Contract Security invites Mehdi Zerouali for a discussion on the intricacies of automating smart contract security.
- mev-boost-relay v0.29 by Flashbots has been released with support for the upcoming Deneb upgrade.
- [TEMP CHECK] Integrate Oval for the BAL & SNX Ethereum V3 Markets by UMA proposes a pilot program of integrating Oval into two Aave pools to capture MEV associated with oracle updates.
- ROP-9: Multiplicity gadgets for censorship-resistance by Barnabé Monnot, Francesco D’Amato and Thomas Thiery outlines an open problem to study the feasibility for a Multiplicity gadget adapted to Ethereum PoS to enhance censorship resistance and enable new incentive schemes.
- Guide to LVR Empirics by Anthony Lee Zhang is a guide for calculating LVR when analyzing AMM LP data, with examples in R and Stata.
- Echo Release V1.0: Now Globally Distributed by Nicolas Racchi presents an upgrade to Echo that enables quicker and more reliable broadcasting of transactions and bundles to block builders.
- March 12: mev.market hosted by Nethermind and Flashbots will bring together researchers and practitioners to explore architectures for on-chain trading, order flow, and block building.