# The MEV Letter #32

**URL:** https://collective.flashbots.net/t/the-mev-letter-32/3241
**Category:** The Flashbots Ship
**Tags:** links, the-mev-letter
**Created:** [March 25, 2024, 2:16pm UTC](https://collective.flashbots.net/t/the-mev-letter-32/3241 "2024-03-25T14:16:18Z")
**Posts on this page:** 1
**Page:** 1

<div class="post-metadata">

### 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 25, 2024, 2:16pm UTC](https://collective.flashbots.net/t/the-mev-letter-32/3241/1 "2024-03-25T14:16:19Z")

</div>

_ **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

- [FRP-40: SUAVE’s Potential in DeFi: A focus on decentralized exchanges (DEX) and auction mechanisms](https://collective.flashbots.net/t/frp-40-suave-s-potential-in-defi-a-focus-on-decentralized-exchanges-dex-and-auction-mechanisms/3204) by [Can Kisagun](https://twitter.com/kisaguncan) 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!](https://edennetwork.io/blog/develop-your-first-suapp-today/) by [Miha Lotric](https://twitter.com/MihaLotric) provides an overview of SUAVE Rigil and walks through the development process of building a SUAPP.
- [The Case for ILECTRA](https://notes.ethereum.org/@mikeneuder/the-case-for-ilectra) by [Mike Neuder](https://twitter.com/mikeneuder) argues for the candidacy of [EIP-7547](https://eips.ethereum.org/EIPS/eip-7547) in the upcoming Electra hard fork as a way to improve censorship resistance.
- [Extend Inclusion List (EIP-7547) for Blob Tx](https://hackmd.io/@ttsao/ryzAw9PRa) by [Terence Tsao](https://twitter.com/terencechain) outlines high-level changes to accommodate blobs in the current [EIP-7547](https://eips.ethereum.org/EIPS/eip-7547) design.
- [The Silhouette of Resilience](https://hackmd.io/@dataalways/resilience) by [Data Always](https://twitter.com/Data_Always) analyzes the impact of the `min-bid` parameter in MEV-Boost as a mechanism to improve censorship resistance.

# Posts & Threads

- [ETHGlobal London](https://ethglobal.com/events/london2024/prizes/flashbots):
  - [Suatheby’s Cross-chain auction house](https://collective.flashbots.net/t/suathebys-cross-chain-auction-house/3223) by [Harry Liu](https://twitter.com/harryx1x1) describes [Suatheby’s](https://github.com/luckyyang/suathebys); a cross-chain auction house built on SUAVE.
  - [MPC Keyshare](https://collective.flashbots.net/t/mpc-keyshare/3215) by [Kai Jun Eer](https://twitter.com/kaijuneer) presents [Suave MPC](https://ethglobal.com/showcase/suave-mpc-16pmz) as a way to coordinate threshold secret sharing on SUAVE.
    - [Thread](https://twitter.com/kaijuneer/status/1769473343181254724?s=52) by [Kai Jun Eer](https://twitter.com/kaijuneer)

  - [BlobPreconf Auction](https://ethglobal.com/showcase/preconfauction-suapp-qfdco) by [Murat Akdeniz](https://twitter.com/MuratLite), [x3y.in](https://twitter.com/x3y_in), [Kartik Chopra](https://twitter.com/ckartik_), [Christian Matt](https://twitter.com/ccpamatt) and [Bernardo Magri](https://twitter.com/bemagri) is a sealed bid auction on SUAVE for blob preconfirming relay leader selection.
    - [Thread](https://twitter.com/MuratLite/status/1769304888343708036) by [Murat Akdeniz](https://twitter.com/MuratLite)

- [Robert Miller](https://twitter.com/bertcmiller) published a [series of topics](https://collective.flashbots.net/search?q=Request%20for%20SUAPP%20in%3Atitle) that outlines use cases and applications that can be built on SUAVE:
  - [Request for SUAPP: SUAVE On-Chain Searcher Bot](https://collective.flashbots.net/t/request-for-suapp-suave-on-chain-searcher-bot/3198)
  - [Request for SUAPP: Inscription DEX](https://collective.flashbots.net/t/request-for-suapp-inscription-dex/3196)
  - [Request for SUAPP: Call ChatGPT and mint an NFT with the response](https://collective.flashbots.net/t/request-for-suapp-call-chatgpt-and-mint-an-nft-with-the-response/3197?utm_source=dlvr.it&utm_medium=twitter)

- [Privacy Focussed DEXs and Building it on Aztec!](https://collective.flashbots.net/t/privacy-focussed-dexs-and-building-it-on-aztec/3225) by [Rahul Kothari](https://twitter.com/omw_to_the_moon) explores how a privacy-focused DEX can be implemented on a network like Aztec.
  - [Thread](https://twitter.com/omw_to_the_moon/status/1770092362808938736) by [Rahul Kothari](https://twitter.com/omw_to_the_moon)

- [Private Batch Swaps using Aztec and SUAVE](https://collective.flashbots.net/t/private-batch-swaps-using-aztec-and-suave/3217) by [Rahul Kothari](https://twitter.com/omw_to_the_moon) outlines a specification for how private batch swaps can be built using SUAVE and Aztec.
  - [Thread](https://x.com/omw_to_the_moon/status/1769420664694517915?s=20) by [Rahul Kothari](https://twitter.com/omw_to_the_moon)

- [Information Protocol: Deriving a SUAPP from first principles (beginning with ideal PFOF requirements) - from the Next Gen DEX Workshop](https://collective.flashbots.net/t/information-protocol-deriving-a-suapp-from-first-principles-beginning-with-ideal-pfof-requirements-from-the-next-gen-dex-workshop/3210/1) by [apriori](https://twitter.com/apriori0x) describes a reputation-based PFOF design that distinguishes between toxic, and non-toxic order flow.
- [Andrew Miller](https://twitter.com/socrates1024) published a [post](https://twitter.com/socrates1024/status/1770441608745369792?s=52) to highlight their ability to supervise a PhD student this summer on research related to SGX and SUAVE.
- [Robert Miller](https://twitter.com/bertcmiller) published a[thread](https://twitter.com/bertcmiller/status/1768229920268791941) that explores the impact of blobs on block building and the trade-offs builders have to face from the added latency.
- [Eden Network](https://twitter.com/EdenNetwork) published a [thread](https://twitter.com/EdenNetwork/status/1770095102339281279) to highlight the recent blog posts they’ve published related to SUAVE, TEEs, and building SUAPPs.
- [Alex](https://twitter.com/alextes) published a [post](https://research.lido.fi/t/lido-on-ethereum-call-for-relay-providers/2844/32) with context on the bid adjustment experiments conducted by the [ultra sound relay](https://relay.ultrasound.money/) in the last couple of weeks.
- [missedslots-20240313-14](https://gist.github.com/benhenryhunter/5c397db3985a59d14a52816305a6c1b8) by [Benjamin Hunter](https://twitter.com/philosowrapter) details the cause and resolution of the bug in [Relay gRPC](https://github.com/bloXroute-Labs/relay-grpc) by [bloXroute](https://twitter.com/bloXrouteLabs) that resulted in [16 missed slots](https://gist.github.com/benhenryhunter/6feed90aff1a93106d629fe85a88d778) on March 13-14th.

# Talks & Discussions

- [Recordings](https://www.youtube.com/@BeyondtheBlockMEV/videos) from [Beyond the Block: MEV Along the Txn Supply Chain](https://lu.ma/MEV) hosted by [Titan Builder](https://twitter.com/titanbuilderxyz) and [HashKey Capital](https://twitter.com/HashKey_Capital) have been uploaded:
  - [From Solver Market to the Builders’ Subsidy War](https://www.youtube.com/watch?v=Z-eplG8-QYY) by [Angela Lu](https://twitter.com/0xangelfish) and [Danning Sui](https://twitter.com/sui414)
  - [Panel: State of Privacy in the Txn Supply Chain](https://www.youtube.com/watch?v=ssSfVhl2n3A) with [Liam McDonald](https://twitter.com/maccanomics), [Guy Zyskind](https://twitter.com/GuyZys), [Ravital Solomon](https://twitter.com/ravitals), and [Bowen You](https://twitter.com/0xbyyou)
  - [Structural Analysis of MEV Boost Auctions](https://www.youtube.com/watch?v=IaZMxu4JRFg) by [Max Resnick](https://twitter.com/maxresnick1)
  - [Towards Competitive Preconfirmation Markets](https://www.youtube.com/watch?v=vr_8VL8yJbw) by [Karthik Srinivasan](https://twitter.com/ksrini_)
  - [Execution Tickets](https://www.youtube.com/watch?v=FhpquTtk8TU) by [Mike Neuder](https://twitter.com/mikeneuder)
  - [Onchain Solving](https://www.youtube.com/watch?v=5vfDfWoViS4) by [Alex Watts](https://twitter.com/ThogardPvP)
  - [Panel: The Rise of the Sophisticated Proposer](https://www.youtube.com/watch?v=SO48JU7eimE) with [Drew Van der Werff](https://twitter.com/DrewVdW), [Viktor Bunin](https://twitter.com/ViktorBunin), [Steven Flanagan](https://twitter.com/flevestanagan), [Michael Moser](https://twitter.com/plc_hld), and [Ernest Oppetit](https://twitter.com/ernopp)
  - [Based EigenLayer](https://www.youtube.com/watch?v=JXbnvB3EJIk) by [Kydo](https://twitter.com/0xkydo)
  - [L1 Preconfirmations](https://www.youtube.com/watch?v=saDHkv0d36E) by [Murat Akdeniz](https://twitter.com/MuratLite)
  - [How Super Builders Unlock Shared Sequencer’s Superpowers](https://www.youtube.com/watch?v=CL7DUSkaIdc) by [Josh Bowen](https://twitter.com/Jskybowen)
  - [Thread](https://x.com/0xArnav/status/1768302236503859704?s=20) by[Arnav](https://twitter.com/0xArnav)

- [Recordings](https://www.youtube.com/playlist?list=PLCjVy6JjB1u6VVIOX7YdGDZWOqw2b-OfP) have been uploaded from [Beyond The Base Layer](https://twitter.com/BTBLayer), an event hosted by [Espresso Systems](https://twitter.com/EspressoSys), [Electric Capital](https://twitter.com/ElectricCapital) and [Blockworks](https://twitter.com/Blockworks_) with talks and panels on sequencing, L2 infrastructure and application design.
- [Uncommon Core 2.0](https://twitter.com/UCC2_xyz): [Ethereum’s Staking Endgame](https://www.youtube.com/watch?v=ivynR3RI3_Y) invites [Ansgar Dietrichs](https://twitter.com/adietrichs) and [Caspar Schwarz-Schilling](https://twitter.com/casparschwa) to discuss their latest research on adjusting Ethereum’s issuance.
  - [Endgame Staking Economics: A Case for Targeting](https://ethresear.ch/t/endgame-staking-economics-a-case-for-targeting/18751) by [Ansgar Dietrichs](https://twitter.com/adietrichs) and [Caspar Schwarz-Schilling](https://twitter.com/casparschwa)
  - [Electra: Issuance Curve Adjustment Proposal](https://ethereum-magicians.org/t/electra-issuance-curve-adjustment-proposal/18825) by [Ansgar Dietrichs](https://twitter.com/adietrichs) and [Caspar Schwarz-Schilling](https://twitter.com/casparschwa)

- [Inclusion List Breakout Room #2](https://www.youtube.com/watch?v=GVdkDXZTtnw) hosted by [Mike Neuder](https://twitter.com/mikeneuder) brought together researchers and client teams to discuss implementation details of [EIP-7547](https://eips.ethereum.org/EIPS/eip-7547) and its potential inclusion in Electra.
  - [Agenda](https://github.com/ethereum/pm/issues/981#issuecomment-2003812773) by [Mike Neuder](https://twitter.com/mikeneuder)
  - [Notes](https://hackmd.io/@ttsao/Bkg53AHAT) by [Terence Tsao](https://twitter.com/terencechain)

- [Strange Water Podcast](https://twitter.com/StrangeH2OPod):[Block Building and the MEV Supply Chain](https://youtu.be/8HpI7Pg6LYY?si=6AhcOevGdvZyKrz6) invites [Kubi Mensah](https://twitter.com/kubimensah) 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](https://www.youtube.com/watch?v=U8J0zAkrQ0s) invites [Alex Nezlobin](https://twitter.com/0x94305) to explore the landscape of AMMs, PFOF, MEV, LVR and more.
- [LVR Explainer](https://twitter.com/a16zcrypto/status/1769045967075172617?s=52) by [Tim Roughgarden](https://twitter.com/Tim_Roughgarden) provides an introduction to the concept of LVR.

# Other

- [CHANGELOG #3 - SUAVE Development Updates (March 25, 2024)](https://collective.flashbots.net/t/changelog-3-suave-development-updates-march-25-2024/3238) by [Chris Hager](https://twitter.com/metachris) highlights the winners of [Flashbots prizes](https://ethglobal.com/events/london2024/prizes/flashbots) in the ETHGlobal London hackathon, as well as recent updates to [suave-geth](https://github.com/flashbots/suave-geth), [suave-std](https://github.com/flashbots/suave-std), [documentation](https://suave-alpha.flashbots.net/) and more.
- [Set defaultRelayMinBidEth to 0.05 ETH](https://github.com/flashbots/mev-boost/pull/635) by [Tim Beiko](https://twitter.com/TimBeiko) proposes a change of the default `min-bid` value in MEV-Boost to 0.05 ETH as a way to increase censorship resistance.

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