# The MEV Letter #33 **URL:** https://collective.flashbots.net/t/the-mev-letter-33/3272 **Category:** The Flashbots Ship **Tags:** links, the-mev-letter **Created:** [April 2, 2024, 4:22pm UTC](https://collective.flashbots.net/t/the-mev-letter-33/3272 "2024-04-02T16:22:25Z") **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: [April 2, 2024, 4:22pm UTC](https://collective.flashbots.net/t/the-mev-letter-33/3272/1 "2024-04-02T16:22:25Z")
_ **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 - [Preparing for the Dencun Hard Fork](https://writings.flashbots.net/preparing-for-dencun) by [Sarah Liu](https://twitter.com/shanaquack) details Flashbots’ engineering work ahead of the Dencun upgrade. - [Ethereum has blobs. Where do we go from here?](https://vitalik.eth.limo/general/2024/03/28/blobs.html) by [Vitalik Buterin](https://twitter.com/VitalikButerin) discusses the Dencun upgrade and outlines future direction to improve the scalability of Ethereum. - [Blob Propagation Issues Mar 27-28th](https://gist.github.com/benhenryhunter/687299bcfe064674537dc9348d771e83) by [Benjamin Hunter](https://twitter.com/philosowrapter) provides context of the bug in [bloXroute](https://twitter.com/bloXrouteLabs)’s BDN network that caused proposers to miss multiple slots. - [Post](https://twitter.com/uriklarman/status/1773791033374961934) by [Uri Klarman](https://twitter.com/uriklarman) - [Post](https://x.com/sproulM_/status/1773853486373130708?s=20) by [Michael Sproul](https://twitter.com/sproulM_) - [RIG Update #5 — Huddle and ship](https://robustincentives.substack.com/p/rig-update-5-huddle-and-ship?r=2nrtii&utm_campaign=post&utm_medium=web&triedRedirect=true) by [Robust Incentives Group](https://www.notion.so/Robust-Incentives-Group-RIG-Homepage-802339956f2745a5964d8461c5ccef02?pvs=21) provides an update on their recent publications on issuance curves, rainbow staking, inclusion lists, and more. - [Reward curve with tempered issuance: EIP research post](https://ethresear.ch/t/reward-curve-with-tempered-issuance-eip-research-post/19171) by [Anders Elowsson](https://twitter.com/weboftrees) provides rationale for adjusting Ethereum’s issuance curve, covering both trade-offs and security considerations. - [Thread](https://twitter.com/weboftrees/status/1774727092938108988?s=52) by [Anders Elowsson](https://twitter.com/weboftrees) - [Issuance Issues — Initial Issue](https://notes.ethereum.org/@mikeneuder/iiii) by [Mike Neuder](https://twitter.com/mikeneuder) discusses the evolving landscape of staking dynamics and the implications of adjusting the issuance curve in the Electra upgrade. - [Supporting decentralized staking through more anti-correlation incentives](https://ethresear.ch/t/supporting-decentralized-staking-through-more-anti-correlation-incentives/19116) by [Vitalik Buterin](https://twitter.com/VitalikButerin) explores ways to penalize validators more severely for correlated misbehaviors to discourage consolidation of validators. - [Inactivity leak under MaxEB (EIP-7251)](https://lighthouse-blog.sigmaprime.io/maxeb-inactivity-leak.html) by [dapplion](https://twitter.com/dapplion) explores how the Beacon Chain maintains network finality in the event of significant validator inactivity, and the implications of EIP-7251. - [The Road to Account Abstraction on Ethereum](https://www.galaxy.com/insights/research/the-road-to-account-abstraction-on-ethereum/) by [Christine Kim](https://twitter.com/christine_dkim) outlines the progression and challenges of implementing account abstraction, with a focus on ERC-4337 and its adoption. - [The problem of 7547 and 3074](https://hackmd.io/@potuz/BkWngLly0) by [Potuz](https://twitter.com/potuz_eth) discusses some of the incompatibilities between the current EIPs for account abstraction and inclusion lists. - [[RFC] [DRAFT] Anoma as the universal intent machine for Ethereum](https://ethresear.ch/t/rfc-draft-anoma-as-the-universal-intent-machine-for-ethereum/19109) by[Christopher Goes](https://twitter.com/cwgoes) describes how[Anoma](https://twitter.com/anoma) can provide a universal intent machine where intents can be ordered, solved, and settled anywhere in the Ethereum ecosystem. - [Blob Preconfirmations with Inclusion Lists to Mitigate Blob Contention and Censorship](https://ethresear.ch/t/blob-preconfirmations-with-inclusion-lists-to-mitigate-blob-contention-and-censorship/19150) by [Christian Matt](https://twitter.com/ccpamatt), [Murat](https://twitter.com/MuratLite), [Kartik Chopra](https://twitter.com/ckartik_), [Evan Kim](https://twitter.com/EvanDeKim), and [Bernardo Magri](https://twitter.com/bemagri) presents an out-of-protocol mechanism for blob inclusion to mitigate blob contention and censorship. - [EthGlobal2024 | Mitigating LVR with UNIV4 hook and a Vickrey auction on SUAVE](https://collective.flashbots.net/t/ethglobal2024-mitigating-lvr-with-univ4-hook-and-a-vickrey-auction-on-suave/3261) by [Miha Lotric](https://twitter.com/MihaLotric), [Konrad Strachan](https://twitter.com/KonradS), and [Orest Tarasiuk](https://twitter.com/OrestTa) describes a way to redistribute LVR to LPs through a Vickrey auction mechanism using Uniswap v4 hooks and SUAVE. - [Compensating Mispricing Risk](https://collective.flashbots.net/t/compensating-mispricing-risk/3245) by[Jonah B](https://twitter.com/_JonahB_),[ballsyalchemist](https://twitter.com/ballsyalchemist), and [Dex Chen](https://twitter.com/dex_chen_V) outlines a design to auction off the right to arbitrage AMMs and redistribute the value to the initial LPs. - [Understanding MEV & OEV With SEDA & UMA](https://sedaprotocol.medium.com/understanding-mev-oev-with-seda-uma-39ded8225fed) by [SEDA](https://twitter.com/sedaprotocol) discusses the significance of OEV and how [SEDA](https://twitter.com/sedaprotocol) and [UMA](https://twitter.com/UMAprotocol) are designed to redistribute this value. # Posts & Threads - [Robert Miller](https://twitter.com/bertcmiller) published a [post](https://x.com/bertcmiller/status/1774062193211765003?s=20) to highlight the complicated intersections of MEV and the need for thorough testing in light of the [recent bug](https://gist.github.com/benhenryhunter/687299bcfe064674537dc9348d771e83) in bloXroute’s BDN service. - [Christine Kim](https://twitter.com/christine_dkim) published a [thread](https://x.com/christine_dkim/status/1773910463606075777?s=20) that argues for reducing the reliance on closed-source software to ensure network health and stability as a response to the [bloXroute BDN bug](https://gist.github.com/benhenryhunter/687299bcfe064674537dc9348d771e83). - [Potuz](https://twitter.com/potuz_eth) published a [thread](https://twitter.com/potuz_eth/status/1773866540750024907) that reflects on the [recent bug](https://gist.github.com/benhenryhunter/687299bcfe064674537dc9348d771e83) in bloXroute’s BDN service and advocates for adopting ePBS as a way to address these issues. - [NodeKit](https://twitter.com/nodekitorg) published a [thread](https://twitter.com/nodekitorg/status/1775161664645578808?s=20) to announce Javelin as a _super builder_ enabling atomic execution and synchronous composability across rollups. - [Alex Watts](https://twitter.com/ThogardPvP) published a [thread](https://twitter.com/thogardpvp/status/1774660474631835994?s=52) introducing _Balance Abstraction_ designed to enable seamless cross-chain asset management by pooling assets and leveraging execution abstraction via [Atlas](https://twitter.com/atlasevm). - [Data Always](https://twitter.com/Data_Always) published a [thread](https://twitter.com/data_always/status/1774281129282895929?s=52) to highlight the onboarding of a large number of validators to [Titan](https://twitter.com/titanbuilderxyz/)’s relay, and reaching a 84% share of exclusive block flow. # Talks & Discussions - [Recordings](https://www.youtube.com/playlist?list=PLRHMe0bxkuemFG5hPu9pc87gnlE1iYkKZ) from [mev.market](https://mev.market/)hosted by [Flashbots](https://www.flashbots.net/) and [Nethermind](https://twitter.com/NethermindEth) have been uploaded: - [Everything is MEV](https://youtu.be/kcmEPvfrTGc) ([slides](https://docs.google.com/presentation/d/1PJaU7GBGph0k8AGuDDoqEBbvbqD_zlPKtSzDbcx6ZEA/edit?usp=drivesdk)) by [Nathan Worsley](https://twitter.com/NathanWorsley_) - [A History of MEV Discourse](https://youtu.be/tJ_Fl9cwMNA) ([slides](https://hackmd.io/ALGG9U8RSJ2FhWytMLRvTA?view=#/)) by [Apriori](https://twitter.com/apriori0x) - [From Talking about MEV to Building the Markets for the Next Millennia](https://youtu.be/kzy1Ze9pVqc) ([slides](https://drive.google.com/file/d/1EAyQaNkdcIkSJhHDcxDaljJr04H93yMa/view?usp=drivesdk)) by [Tomasz K. Stańczak](https://twitter.com/tkstanczak) - [The Endgame: 3 Years Later](https://youtu.be/4pj3YX7S7W4) ([slides](https://docs.google.com/presentation/d/1Bl8jjViKJg96PemmOC02XeqDgCwWW4yKJfpnbLoYJMU/edit?usp=drivesdk)) by [Vitalik Buterin](https://twitter.com/VitalikButerin) - [Panel | Big & Small Node: Balancing Performance and Decentralization](https://youtu.be/UsvpOotkg6I) moderated by [Quintus Kilbourn](https://twitter.com/0xQuintus), with [Mustafa Al-Bassam](https://twitter.com/musalbas),[Joe Andrews](https://twitter.com/jaosef), [Josh Bowen](https://twitter.com/Jskybowen?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor), [Vitalik Buterin](https://twitter.com/VitalikButerin), [Lev Livnev](https://lev.liv.nev.org.uk/) and [Ye Zhang](https://twitter.com/yezhang1998?lang=en) - [United Chains of Ethereum](https://youtu.be/4v_nSddO-24) ([slides](https://docs.google.com/presentation/d/1POG0H2XnLmUdsfMEIN7bhHmcPU_3iCr3l1RF_VY38vo/edit?usp=drivesdk)) by [Justin Drake](https://twitter.com/drakefjustin) - [Execution Tickets and MEV Distribution in Based Sequencing](https://youtu.be/tD6G52V_Db8) ([slides](https://docs.google.com/presentation/d/1hFwAR4-5UzYM_P8L5wQMWjbYu4wdZGlQ/edit?usp=drivesdk&ouid=112073885800912336621&rtpof=true&sd=true)) by [Ellie Davidson](https://x.com/ellierdavidson?t=My10f8ZFNMz5fRWZhxlgHg&s=09) - [L2 Proposer and Builder Election Mechanisms](https://youtu.be/3w-QgpRV9qA) ([slides](https://docs.google.com/presentation/d/1cDlk_xBnUkxpOvjZY_itCnFBHLoYJ8TORsjbEaTvLY8/edit?usp=drivesdk)) by [Conor McMenamin](https://twitter.com/ConorMcMenamin9) - [Economics of Shared Sequencing and Separate Sequencing](https://youtu.be/Z9UinlvXXxQ) ([slides](https://drive.google.com/file/d/1s7wC_UL_HfZNA3XPsOYhvsWv0qW6Sjno/view?usp=drivesdk)) by [Jan Christoph Schlegel](https://christophschlegel.com/) - The Great Sequencing Debate ([slides](https://docs.google.com/presentation/d/178bObN_pWKVj1UrUt3ZA9cvX6KThEX94/edit?usp=drivesdk&ouid=112073885800912336621&rtpof=true&sd=true)) moderated by [Ellie Davidson](https://x.com/ellierdavidson?t=My10f8ZFNMz5fRWZhxlgHg&s=09) - [Round 1 Shared vs. Non-shared:](https://youtu.be/TmiJfI8N9w4) [Justin Drake](https://twitter.com/drakefjustin) vs. [Dankrad Feist](https://twitter.com/dankrad) - [Round 2 Based vs. Non-based](https://youtu.be/lN5t3L3YDsI): [Justin Drake](https://twitter.com/drakefjustin) vs. [Josh Bowen](https://twitter.com/Jskybowen) - [The CAKE Framework](https://youtu.be/2amKtIyF2TE) ([slides](https://docs.google.com/presentation/d/1I2NUNk6J_XnrI4_BqN-MkmWZ-jn-au5d9gLhu71Cjfc/edit?usp=drivesdk)) by [Ankit Chiplunkar](https://twitter.com/ankitchiplunkar) and [Stephane Gosselin](https://twitter.com/thegostep) - [SUAVE: a Big Node Framework?](https://youtu.be/n-cCs5gsWp4) ([slides](https://docs.google.com/presentation/d/1aqZgjIHYkkWPV9nuIWmdX6bbyvZGsoXM5uQx2prIMPM/edit?usp=drivesdk)) by [Dmarz](https://twitter.com/_danielmarzec) - [Panel | Application Specific Sequencing](https://youtu.be/MaoZmrsH0iA) moderated by [Justin Drake](https://twitter.com/drakefjustin), with [Apriori](https://twitter.com/apriori0x), [Robert Miller](https://twitter.com/bertcmiller), [Stephane Gosselin](https://twitter.com/thegostep) and [Hart Lambur](https://twitter.com/hal2001) - [Recordings](https://www.youtube.com/@FrontierDotTech/videos) from [Chain Abstraction Day](https://lu.ma/ChADay) hosted by [Agoric](https://twitter.com/agoric), [Frontier Research](https://twitter.com/FrontierDotTech), and [NEAR Foundation](https://twitter.com/NEARProtocol) have been uploaded with talks and panels unpacking the chain abstraction thesis. - [Matcha 0G Lounge Interview](https://twitter.com/matchaxyz/status/1772657740017459528?s=52) by [Matcha](https://twitter.com/matchaxyz) invites[Danning Sui](https://twitter.com/sui414) and [Amir Bandeali](https://twitter.com/abandeali1) to discuss DeFi, DEX design, market structures, and the future of MEV. - [The Rollup](https://twitter.com/therollupco): - [The Business Logic Of RaaS & Shared Sequencers](https://www.youtube.com/watch?v=i3tRLmWhYv8) invites [Josh Bowen](https://twitter.com/Jskybowen) to explore shared sequencing, the business logic of RaaS, and [Astria](https://twitter.com/AstriaOrg). - [Where Espresso Fits In The Modular Thesis](https://www.youtube.com/watch?v=h3pm0JFDylw) invites [Ellie Davidson](https://twitter.com/ellierdavidson) to discuss shared sequencing, the shill bidding problem, and [Espresso](https://twitter.com/espressosys). - [Ethereum Sequencing and Preconfirmations Call #4](https://www.youtube.com/watch?v=IsYISmTmPmQ) hosted by [Justin Drake](https://twitter.com/drakefjustin) includes an update on the based rollup ecosystem, and invites [Brendan Farmer](https://twitter.com/_bfarmer) to talk about the [Polygon](https://twitter.com/0xPolygon) Aggregation Layer and cross-rollup bundle safety. - [Notes](https://docs.google.com/document/d/1FG3nKQdUNb_YHCp_IzSDkC_r7A6HOT11O2YNUjCX-6s/edit?usp=sharing) from [Drew Van der Werff](https://twitter.com/DrewVdW) and [Sam Jernigan](https://twitter.com/sjerniganIV) - [Notes](https://docs.google.com/document/d/1hWJU20EwQT3K3uB3GiwDsFlsK3uKuJX20noAN7ZqreA/edit#heading=h.9rkg2vx6uh6w) from [Profesor Utonio](https://twitter.com/quienesfacundo) - [Scraping Bits](https://twitter.com/ScrapingBits): [MEV Searcher Team Breaking Into Block Building](https://rss.com/podcasts/scrapingbits/1349805/) invites [Connor](https://twitter.com/connor_enso) to discuss ways to identify profitable MEV strategies, ethical considerations, and their journey into block building. - [What is Execution Abstraction?](https://youtu.be/h6p0LP6Xd_s?si=LluKZkZ2ddwh8hf0) by [Alex Watts](https://twitter.com/ThogardPVP) explores execution abstraction, the value it adds to users and applications, and [Atlas](https://twitter.com/atlasevm). - [Thread](https://twitter.com/atlasevm/status/1772996347148312699?s=52) by [Atlas](https://twitter.com/atlasevm) - [Execution Layer Meeting 184](https://www.youtube.com/watch?v=cSQmbCVwGUk&t=86s) hosted by [Tim Beiko](https://twitter.com/TimBeiko) includes a discussion on the [recent bug](https://gist.github.com/benhenryhunter/687299bcfe064674537dc9348d771e83) in bloXroute’s BDN service, a presentation by [storm](https://twitter.com/notnotstorm) on[Ethereum’s state & history growth](https://www.paradigm.xyz/2024/03/how-to-raise-the-gas-limit-1), and more. - [Agenda](https://github.com/ethereum/pm/issues/982) by [Tim Beiko](https://twitter.com/TimBeiko) - [Notes](https://twitter.com/timbeiko/status/1773421360112635964) by [Tim Beiko](https://twitter.com/TimBeiko) - [Notes](https://www.galaxy.com/insights/research/ethereum-all-core-developers-execution-call-184/) by [Christine Kim](https://twitter.com/christine_dkim) - [Slides](https://docs.google.com/presentation/d/12qF9RnyQiY5jNA0ZEoZssbncZ8i3lpeLd8lhANs3M2w/edit#slide=id.g2c619b660b4_0_127) by [storm](https://twitter.com/notnotstorm) - [BuidlGuidl “What’s Going on Onchain”](https://www.youtube.com/watch?v=PHNGpk4xqF4) invites [Matt Cutler](https://twitter.com/mcutler) to discuss onchain metrics following the Dencun upgrade, and a walk through of [Ethernow](https://www.ethernow.xyz/) # Other - [Is it hard to give away money?](https://collective.flashbots.net/t/is-it-hard-to-give-away-money/3148) by [Leonardo Arias](https://collective.flashbots.net/u/chayoterabit/summary) asks about the philosophical and practical aspects of giving away money. - [Weaving an open research journal](https://collective.flashbots.net/t/weaving-an-open-research-journal/3268) by [Leonardo Arias](https://collective.flashbots.net/u/chayoterabit/summary) is the start of an open redistribution research journal to study MEV disequilibrium. - [CIP-Draft: MEV Blocker fees](https://forum.cow.fi/t/cip-draft-mev-blocker-fees/2366) by [Andrea Canidio](https://twitter.com/AndreaCanidio) propose a set of new policies and criteria for builders receiving order flow from [MEV Blocker](https://mevblocker.io/). - [Xatu](https://ethpandaops.io/data/xatu/) by [ethPandaOps](https://twitter.com/ethPandaOps) has been open sourced and is now publicly available with detailed data on beacon chain events, mempool activity, and canonical chain events. * * * ✉ [**Sign up here**](https://flashbots.net/the-mev-letter) if you’d like to get The MEV Letter straight to your inbox! 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