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
- 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.
Posts & Threads
- 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.
Talks & Discussions
- Indexed Podcast: Orderflow, Inscriptions, ETFs & $JUP with Boxer, Danning Sui and hildobby dives into orderflow.art, OFAs, the current DEX landscape, and more.
- Post by Indexed Podcast
- Thread by Danning Sui
- 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.
- Post by Justin Drake
- 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.
Other
- 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.
- Thread by Chainbound
Upcoming events
- 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.
- Post by Nethermind
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