# The MEV Letter #30 **URL:** https://collective.flashbots.net/t/the-mev-letter-30/3149 **Category:** The Flashbots Ship **Tags:** links, the-mev-letter **Created:** [March 5, 2024, 10:58pm UTC](https://collective.flashbots.net/t/the-mev-letter-30/3149 "2024-03-05T22:58:43Z") **Posts on this page:** 1 **Page:** 1
### Author: ![Fred](https://collective.flashbots.net/user_avatar/collective.flashbots.net/fred/32/1288_2.png) [@Fred](https://collective.flashbots.net/u/Fred) #### Post date: [March 5, 2024, 10:58pm UTC](https://collective.flashbots.net/t/the-mev-letter-30/3149/1 "2024-03-05T22:58:43Z")
_ **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 - [On the Redistribution of Maximal Extractable Value: A Dynamic Mechanism](https://arxiv.org/abs/2402.15849) by [Pedro Braga](https://arxiv.org/search/cs?searchtype=author&query=Braga,+P), [Georgios Chionas](https://twitter.com/chionas_), [Stefanos Leonardos](https://twitter.com/StefLeonardos), [Piotr Krysta](https://arxiv.org/search/cs?searchtype=author&query=Krysta,+P), [Georgios Piliouras](https://arxiv.org/search/cs?searchtype=author&query=Piliouras,+G), [Carmine Ventre](https://twitter.com/1carven1) propose a dynamic mechanism to balance users and proposers welfare through MEV, inspired by the design principles of EIP-1559. - [Thread](https://twitter.com/chionas_/status/1764619565013581830) by [Georgios Chionas](https://twitter.com/chionas_) - [The Cost of Permissionless Liquidity Provision in Automated Market Makers](https://arxiv.org/abs/2402.18256) by [Julian Ma](https://twitter.com/_julianma), [Davide Crapis](https://twitter.com/DavideCrapis) present a game theoretic model of simultaneous liquidity provision by passive LPs, showing that competition between LPs causes a loss in total LP welfare that grows linearly with the number of passive LPs. - [Thread](https://twitter.com/_julianma/status/1763251109286568273?s=52) by [Julian Ma](https://twitter.com/_julianma) - [The more, the less censored: Introducing committee-enforced inclusion sets (COMIS) on Ethereum](https://ethresear.ch/t/the-more-the-less-censored-introducing-committee-enforced-inclusion-sets-comis-on-ethereum/18835) by [Thomas Thiery](https://twitter.com/soispoke), [Francesco D’Amato](https://twitter.com/fradamt) and [Barnabé Monnot](https://twitter.com/barnabemonnot) introduce an inclusion lists design that shifts the inclusion responsibilities from a single proposer to a committee. - [Thread](https://twitter.com/soispoke/status/1763214200694796774?s=52) by [Thomas Thiery](https://twitter.com/soispoke) - [Integrating SUAVE with Astria Rollups](https://collective.flashbots.net/t/integrating-suave-with-astria-rollups/3118/1) by [itamar](https://twitter.com/itamarreif) proposes a method of integrating SUAVE bundle construction into the Astria shared sequencer to reduce MEV on Celestia-based rollups. - [Thread](https://twitter.com/itamarreif/status/1762917676916101561?s=46) by [itamar](https://twitter.com/itamarreif) - [How to Raise the Gas Limit, Part 1: State Growth](https://www.paradigm.xyz/2024/03/how-to-raise-the-gas-limit-1) by [Storm Slivkoff](https://twitter.com/notnotstorm), [Georgios Konstantopoulos](https://twitter.com/gakonst) delves into the intricacies of Ethereum’s state growth and block gas limit through empirical data. - [Thread](https://twitter.com/notnotstorm/status/1764700326282879115) by [Storm Slivkoff](https://twitter.com/notnotstorm) - [Crypto-Powered Information Games](https://archetype.mirror.xyz/LNgRLem1I27s3Aj0kOChnwG-4bFBdywkJNFtJ7zcX8w) by [Benjamin Funk](https://twitter.com/0xFunk) explores the trends of data monetization and information games and describes how SUAVE can facilitate decentralized, trustless information markets. - [Demonstration of SUAVE oracle](https://collective.flashbots.net/t/demonstration-of-suave-oracle/3112) by[Miha Lotric](https://twitter.com/MihaLotric) presents a PoC implementation of a Binance price oracle that’s updated via contracts on SUAVE and settled on Goerli. - [Protecc’ed Execution on Orderflow](https://collective.flashbots.net/t/protecc-ed-execution-on-orderflow/3113) by[dmarz](https://twitter.com/_danielmarzec) discusses a method for executing transactions without leaking information or compromising data integrity through SUAVE. - [Emit Solidity events during off-chain computation](https://collective.flashbots.net/t/emit-solidity-events-during-off-chain-computation/3134) by [Ferran](https://twitter.com/ferranbt) present a new functionality in[suave-geth](https://github.com/flashbots/suave-geth/pull/211) to emit onchain events generated during the offchain computations on the Kettle. - [Reconsidering the market structure of PBS](https://mirror.xyz/barnabe.eth/LJUb_TpANS0VWi3TOwGx_fgomBvqPaQ39anVj3mnCOg) by[Barnabé Monnot](https://twitter.com/barnabemonnot) shares thoughts related to current ePBS and execution tickets discussions, distinguishing proposing rights from building rights, and their corresponding markets. - [Why aren’t transactions landing on chain?](https://www.antonydenyer.co.uk/2024-02-22-transaction-inclusion-latency/) by [Antony Denyer](https://twitter.com/tonydenyer) explores the economics of block building and investigates why some transactions are discarded by some builders. - [Beyond the Basics: The Unanticipated Advantages of ePBS](https://hackmd.io/@potuz/ry9NirU2p) by [Potuz](https://twitter.com/potuz_eth) outlines positive externalities of ePBS like the potential of slot auctions. - [Securing off-chain services](https://medium.com/ternoa/securing-off-chain-services-30f4697be589) by [Prabhu Eshwarla](https://twitter.com/peshwarla) explores the trust models of deploying off-chain services in TEEs to enhance security and integrity. # Posts & Threads - [vita](https://twitter.com/keccak254) published a [thread](https://twitter.com/keccak254/status/1762491062235672948?s=52) that describe their plan to build a frequent batch auction on SUAVE as described in the [forum post](https://collective.flashbots.net/t/frequent-batch-auction-on-suave/3104) by [Alphaist](https://twitter.com/0xAlphaist). - [Valentin](https://twitter.com/unlock_VALue) published a [thread](https://twitter.com/unlock_value/status/1763270581116432733?s=52) to announce the launch of [mev.fyi](https://t.co/TCIFFiDHzP) with 1000+ papers, articles, docs, and videos, including [recordings from ETHDenver](https://twitter.com/unlock_VALue/status/1764321205929050237). - [Potuz](https://twitter.com/potuz_eth) published a [thread](https://twitter.com/potuz_eth/status/1762990595461832875) that seeks input from searchers and builders on the implications of ePBS on bid privacy. [Potuz](https://twitter.com/potuz_eth) published a [thread](https://twitter.com/potuz_eth/status/1763577263537479990) that describes how sequencers can delay their publication of L2 blocks to extract MEV through a vertically integrated L1 builder. # Talks & Discussions - [ETHDenver](https://twitter.com/EthereumDenver): - [The Cost of Artificial Latency in a PBS Context](https://www.youtube.com/watch?v=n_lRelJSslk) by [Michael Moser](https://twitter.com/plc_hld) - [What Happens if a MEV-Boost Relay Goes Rogue?](https://www.youtube.com/watch?v=wLy14NgkYO0) by[Auston Sterling](https://www.linkedin.com/in/auston-sterling-64b259b1/) - [The New Era of Transaction Observability: Deciphering MEV’s Shifting Value Landscape](https://www.youtube.com/watch?v=gRRQQyQE_9w) by [Ye Wang](https://arxiv.org/search/cs?searchtype=author&query=Wang%2C+Y) - [Encryption Tools for MEV Protection in DeFi on Any Blockchain](https://www.youtube.com/watch?v=caNBYKXWj-A) by [Liam McDonald](https://twitter.com/maccanomics) - [Sharing a Sequencer Is Caring About Interoperability](https://www.youtube.com/watch?v=KWiHSkLa7xQ) by [Ben Fisch](https://twitter.com/benafisch) - [Opportunities for the Ethereum Mempool](https://youtu.be/bI_NfkUmOPQ?si=laVjMeJ3n10QHhBx) by [Joseph Poon](https://twitter.com/jcp) - [Frontrunning Hacks: Bound to Become Irrelevant](https://www.youtube.com/watch?v=2JpbpSpqroM) by [Odysseas Lamtzidis](https://twitter.com/odysseas_eth) - [MEV Smoothing Pools: A No Brainer for the Solo Staker and Small LSDs](https://www.youtube.com/watch?v=nl_AO8MQzYc) by [Pol Lanski](https://twitter.com/Pol_Lanski) - [Capturing Oracle Extractable Value Through Specialized OFAs](https://www.youtube.com/watch?v=fbbK4oli5k8) by [Ugur Mersinlioglu](https://twitter.com/UgurMersin61) - [Business of Block Space Pt. 2: Mevconomics](https://www.youtube.com/watch?v=OvgyipeJM5U) by [Will Nuelle](https://twitter.com/willnuelle) - [Preconfirmations on Mainnet](https://www.youtube.com/watch?v=eXRZcsl6Le4) by [Murat Akdeniz](https://twitter.com/MuratLite) - [Build a Searcher Bot to Capture MEV Using the OEV Network](https://www.youtube.com/watch?v=iuoK65w1rj4) by [Billy Campana](https://twitter.com/wc49358) - [Financial Cryptography and Data Security 2024](https://fc24.ifca.ai/): - [Short Paper: Shared Sequencing and Latency Competition as a Noisy Contest](https://youtu.be/cNRyp5Quezk?si=QqDpmEI-IHUvCKyG) by [Jan Christoph Schlegel](https://www.linkedin.com/in/christoph-schlegel-77981943/) - [Paper](https://fc24.ifca.ai/preproceedings/238.pdf) by [Akaki Mamageishvili](https://twitter.com/kakia1989) and [Jan Christoph Schlegel](https://www.linkedin.com/in/christoph-schlegel-77981943/) - [DeFi composability as MEV non-interference](https://youtu.be/pieJlTSbvRU?si=6p-2Wp4SWiMNl5cR) by [Riccardo Marchesin](https://www.linkedin.com/in/riccardo-marchesin-8b97a91b8) - [Paper](https://fc24.ifca.ai/preproceedings/114.pdf) by [Massimo Bartoletti](https://www.linkedin.com/in/massimo-bartoletti-0589a024a), [Riccardo Marchesin](https://www.linkedin.com/in/riccardo-marchesin-8b97a91b8) and [Roberto Zunino](https://disi.unitn.it/~zunino/) - [The Power of Default: Measuring the Effect of Slippage Tolerance in Decentralized Exchanges](https://youtu.be/uysLVujjYnw?si=hvV4eIyhb_QndGUo) by [Robert McLaughlin](https://twitter.com/robmcl4) and [Nir Chemaya](https://www.linkedin.com/in/nirchemaya/) - [Paper](https://fc24.ifca.ai/preproceedings/155.pdf) by [Nir Chemaya](https://www.linkedin.com/in/nirchemaya/), [Dingyue Liu](https://twitter.com/Kite_DingyueLiu), [Robert McLaughlin](https://twitter.com/robmcl4), [Nicola Ruaro](https://twitter.com/_ruaronicola), [Christopher Kruegel](https://www.linkedin.com/in/christopherkruegel/), and [Giovanni Vigna](https://www.linkedin.com/in/giovanni-vigna/) - [Optimal Dynamic Fees for Blockchain Resources](https://youtu.be/tGOlBImOFBg?si=Rrd0Y9mEVrWet52n) by [Shouqiao Wang](https://twitter.com/Qiaoqiao2001) - [Paper](https://fc24.ifca.ai/preproceedings/181.pdf) by [Davide Crapis](https://twitter.com/DavideCrapis), [Ciamac C. Moallemi](https://twitter.com/ciamac) and [Shouqiao Wang](https://twitter.com/Qiaoqiao2001) - [Does Proposer-Builder Separation Preserve Decentralization?](https://youtu.be/2zj_qJxh_90?si=Rd3499r19SAwW9Io) - [Paper](https://fc24.ifca.ai/preproceedings/185.pdf) by [Maryam Bahrani](https://twitter.com/bahrani_maryam), [Pranav Garimidi](https://twitter.com/PGarimidi) and [Tim Roughgarden](https://twitter.com/Tim_Roughgarden) - [The Costs of Swapping on the Uniswap Protocol](https://youtu.be/jugpUY56R4A?si=afdwX1oOUQEIskfs) by [Xin Wan](https://twitter.com/xin__wan) - [Paper](https://fc24.ifca.ai/preproceedings/206.pdf) by [Austin Adams](https://twitter.com/AustinAdams10), [Benjamin Y Chan](https://twitter.com/Vervious), [Sarit Markovich](https://twitter.com/saritmarkovich) and [Xin Wan](https://twitter.com/xin__wan) - [Scraping Bits](https://twitter.com/ScrapingBits):[How A Web3 Solo Searcher Discovers Long Tail MEV Strategies](https://rss.com/podcasts/scrapingbits/1321326/) invites [Taker](https://twitter.com/0xTaker) to discuss warstories, how to find long tail strategies, LP sniping, and more. - [Bankless](https://twitter.com/BanklessHQ): [Ethereum’s New Frontier Has Arrived](https://youtu.be/k8OGmcOaas4?si=MsmDpwoKOh7mb_ov) invites [Justin Drake](https://twitter.com/drakefjustin) and [Ben Fisch](https://twitter.com/benafisch) to discuss shared- and based sequencing, rollup sovereignty, MEV redistribution, and [Espresso Systems](https://twitter.com/EspressoSys). - [RollCall #3.1 Breakout - Shared Sequencing](https://www.youtube.com/watch?v=eycLQCaqDsk) by[Justin Drake](https://twitter.com/drakefjustin) gives an overview of shared- and based sequencing and what MEV-Boost would look like with preconfirmations. - [Slides](https://docs.google.com/presentation/d/1qkdSJu6DmPnxK5OC9n1k-IE8kJhY4uVA0E-w79OgoXA/edit#slide=id.g1f1d94ef56e_0_470) by[Justin Drake](https://twitter.com/drakefjustin) - [Unchained](https://twitter.com/Unchained_pod): [Famed White Hat Hacker Samczsun on How to Improve Crypto Security](https://www.youtube.com/watch?v=Tv3h7Yb_7_4) invites [samczsun](https://twitter.com/samczsun) to discuss the [Security Alliance](https://twitter.com/_SEAL_Org) hotline for immediate response during active exploits as well as security measures individuals should take to protect themselves. # Other - [mev-boost v1.7](https://github.com/flashbots/mev-boost/releases/tag/v1.7) by [Flashbots](https://www.flashbots.net/) has been released as the Deneb ready release for mainnet. - [Add new rules on block scoring excluding withdrawals](https://github.com/ethereum/builder-specs/pull/99) by [Alex Stokes](https://twitter.com/ralexstokes) implements [mev-boost improvement proposal #0](https://notes.ethereum.org/__a8n_QrSmCbCWHDJC68tg) to exclude withdrawals to fee recipients when relays computes a payload’s value. - [Anvil for MEVM external provider](https://collective.flashbots.net/t/anvil-for-mevm-external-provider/3114) by[brock](https://twitter.com/zeroXbrock) presents a[fork of foundry](https://github.com/zeroXbrock/suavex-foundry) that implements `suavex_call` in[anvil](https://www.alchemy.com/dapps/foundry-anvil), to make it easier to test SUAPPs locally. - [mev](https://github.com/nftchance/mev) by[CHANCE](https://twitter.com/nftchance) is an open-source and modular Typescript framework for building MEV strategies. - [Post](https://chance.utc24.io/paper/mev/) by[CHANCE](https://twitter.com/nftchance) - [Thread](https://twitter.com/nftchance/status/1762899228886753601?s=52) by[CHANCE](https://twitter.com/nftchance) - [State of MEV Report - Request for Comments](https://collective.flashbots.net/t/state-of-mev-report-request-for-comments/3133) by[Ariiellus](https://twitter.com/Ariiellus) presents their initiative to write a report on the current state of MEV and request feedback on the outline and topics. - [Flashbots SUAVE Bot](https://twitter.com/suave_bot) by [Flashbots](https://www.flashbots.net/) posts notifications when new topics are published in the [SUAVE-category](https://collective.flashbots.net/c/suave/) on the Flashbots collective forum. * * * ✉ [**Sign up here**](https://flashbots.net/the-mev-letter) if you’d like to get The MEV Letter straight to your inbox! [Previous editions of The MEV Letter ](https://collective.flashbots.net/tag/the-mev-letter)[Join Flashbots ⚡ 🤖](https://www.flashbots.net/jobs)