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-40: SUAVE’s Potential in DeFi: A focus on decentralized exchanges (DEX) and auction mechanisms by Can Kisagun explores how SUAVE can address some of the inefficiencies in DeFi through programmable privacy and credible off-chain computation.
- Flashbots SUAVE: Develop Your First Suapp Today! by Miha Lotric provides an overview of SUAVE Rigil and walks through the development process of building a SUAPP.
- The Case for ILECTRA by Mike Neuder argues for the candidacy of EIP-7547 in the upcoming Electra hard fork as a way to improve censorship resistance.
- Extend Inclusion List (EIP-7547) for Blob Tx by Terence Tsao outlines high-level changes to accommodate blobs in the current EIP-7547 design.
- The Silhouette of Resilience by Data Always analyzes the impact of the
min-bidparameter in MEV-Boost as a mechanism to improve censorship resistance.
Posts & Threads
- ETHGlobal London:
- Suatheby’s Cross-chain auction house by Harry Liu describes Suatheby’s; a cross-chain auction house built on SUAVE.
- MPC Keyshare by Kai Jun Eer presents Suave MPC as a way to coordinate threshold secret sharing on SUAVE.
- BlobPreconf Auction by Murat Akdeniz, x3y.in, Kartik Chopra, Christian Matt and Bernardo Magri is a sealed bid auction on SUAVE for blob preconfirming relay leader selection.
- Robert Miller published a series of topics that outlines use cases and applications that can be built on SUAVE:
- Privacy Focussed DEXs and Building it on Aztec! by Rahul Kothari explores how a privacy-focused DEX can be implemented on a network like Aztec.
- Private Batch Swaps using Aztec and SUAVE by Rahul Kothari outlines a specification for how private batch swaps can be built using SUAVE and Aztec.
- Information Protocol: Deriving a SUAPP from first principles (beginning with ideal PFOF requirements) - from the Next Gen DEX Workshop by apriori describes a reputation-based PFOF design that distinguishes between toxic, and non-toxic order flow.
- Andrew Miller published a post to highlight their ability to supervise a PhD student this summer on research related to SGX and SUAVE.
- Robert Miller published a thread that explores the impact of blobs on block building and the trade-offs builders have to face from the added latency.
- Eden Network published a thread to highlight the recent blog posts they’ve published related to SUAVE, TEEs, and building SUAPPs.
- Alex published a post with context on the bid adjustment experiments conducted by the ultra sound relay in the last couple of weeks.
- missedslots-20240313-14 by Benjamin Hunter details the cause and resolution of the bug in Relay gRPC by bloXroute that resulted in 16 missed slots on March 13-14th.
Talks & Discussions
- Recordings from Beyond the Block: MEV Along the Txn Supply Chain hosted by Titan Builder and HashKey Capital have been uploaded:
- From Solver Market to the Builders’ Subsidy War by Angela Lu and Danning Sui
- Panel: State of Privacy in the Txn Supply Chain with Liam McDonald, Guy Zyskind, Ravital Solomon, and Bowen You
- Structural Analysis of MEV Boost Auctions by Max Resnick
- Towards Competitive Preconfirmation Markets by Karthik Srinivasan
- Execution Tickets by Mike Neuder
- Onchain Solving by Alex Watts
- Panel: The Rise of the Sophisticated Proposer with Drew Van der Werff, Viktor Bunin, Steven Flanagan, Michael Moser, and Ernest Oppetit
- Based EigenLayer by Kydo
- L1 Preconfirmations by Murat Akdeniz
- How Super Builders Unlock Shared Sequencer’s Superpowers by Josh Bowen
- Thread by Arnav
- Recordings have been uploaded from Beyond The Base Layer, an event hosted by Espresso Systems, Electric Capital and Blockworks with talks and panels on sequencing, L2 infrastructure and application design.
- Uncommon Core 2.0: Ethereum’s Staking Endgame invites Ansgar Dietrichs and Caspar Schwarz-Schilling to discuss their latest research on adjusting Ethereum’s issuance.
- Inclusion List Breakout Room #2 hosted by Mike Neuder brought together researchers and client teams to discuss implementation details of EIP-7547 and its potential inclusion in Electra.
- Agenda by Mike Neuder
- Notes by Terence Tsao
- Strange Water Podcast: Block Building and the MEV Supply Chain invites Kubi Mensah to delve into the past, present, and future of block building and the MEV supply chain.
- The Gwart Show: The How And Why of AMMs invites Alex Nezlobin to explore the landscape of AMMs, PFOF, MEV, LVR and more.
- LVR Explainer by Tim Roughgarden provides an introduction to the concept of LVR.
Other
- CHANGELOG #3 - SUAVE Development Updates (March 25, 2024) by Chris Hager highlights the winners of Flashbots prizes in the ETHGlobal London hackathon, as well as recent updates to suave-geth, suave-std, documentation and more.
- Set defaultRelayMinBidEth to 0.05 ETH by Tim Beiko proposes a change of the default
min-bidvalue in MEV-Boost to 0.05 ETH as a way to increase censorship resistance.
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