# The MEV Letter #36 **URL:** https://collective.flashbots.net/t/the-mev-letter-36/3369 **Category:** The Flashbots Ship **Tags:** links, the-mev-letter **Created:** [April 29, 2024, 8:28am UTC](https://collective.flashbots.net/t/the-mev-letter-36/3369 "2024-04-29T08:28:58Z") **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 29, 2024, 8:28am UTC](https://collective.flashbots.net/t/the-mev-letter-36/3369/1 "2024-04-29T08:28:58Z")
_ **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 - [Measuring Arbitrage Losses and Profitability of AMM Liquidity](https://arxiv.org/abs/2404.05803) by [Robin Fritsch](https://twitter.com/robin_ethz) and [Andrea Canidio](https://twitter.com/AndreaCanidio) presents the results of an empirical study that shows how the majority of Uniswap LPs incur losses due to LVR that are greater than their earned fees, and explore the potential impact of longer block times. - [Thread](https://twitter.com/andreacanidio/status/1782814639601947050?s=52) by [Andrea Canidio](https://twitter.com/AndreaCanidio) - [For All Intents And Purposes: On The Agency And Duties Of Solvers](https://github.com/laurenceday/laurenceday.github.com/blob/main/papers/led_llb_dissertation.pdf) by [Laurence E. Day](https://twitter.com/functi0nzer0) analyzes the legal implications of intent-based architectures and third-party solvers. - [MB-Direct: An idea for MEV-Boost improvement](https://collective.flashbots.net/t/mb-direct-an-idea-for-mev-boost-improvement/3350) by [Quintus Kilbourn](https://twitter.com/0xQuintus) outlines some changes to how MEV-Boost works that allows for improvement in the security and efficiency and the system, and serve as an out-of-protocol test for ePBS. - [Thread](https://x.com/0xQuintus/status/1783249239910289711) by [Quintus Kilbourn](https://twitter.com/0xQuintus) - [Uncrowdable Inclusion Lists: The Tension between Chain Neutrality, Preconfirmations and Proposer Commitments](https://ethresear.ch/t/uncrowdable-inclusion-lists-the-tension-between-chain-neutrality-preconfirmations-and-proposer-commitments/19372) by [Julian Ma](https://twitter.com/_julianma), [Barnabé Monnot](https://twitter.com/barnabemonnot), and [Thomas Thiery](https://twitter.com/soispoke) investigates ways to prevent additional use cases of ILs, such as preconfirmations and PEPC, to could crowd out their intended purpose of improving censorship resistance. - [More pictures about proposers and builders](https://mirror.xyz/barnabe.eth/QJ6W0mmyOwjec-2zuH6lZb0iEI2aYFB9gE-LHWIMzjQ) by [Barnabé Monnot](https://twitter.com/barnabemonnot) introduces APS-Burn as an alternative allocation mechanism to Execution Tickets to achieve attester-proposer separation. - [Post](https://twitter.com/barnabemonnot/status/1782773819997855767) by [Barnabé Monnot](https://twitter.com/barnabemonnot) - [Anatomy of CEX/DEX Arbitrage](https://atise.medium.com/anatomy-of-cex-dex-arbitrage-481936c83831) by [atiselsts.eth](https://twitter.com/atiselsts_eth) analyzes the dynamics of CEX/DEX arbitrage and simulates how block times and base fees impact LPs and searchers. - [Reducing latency games by levelling the playing field on block size for PBS](https://ethresear.ch/t/reducing-latency-games-by-levelling-the-playing-field-on-block-size-for-pbs/19356) by [Antony Denyer](https://twitter.com/tonydenyer) examines the tendency of builders to not fill their blocks, and suggests implementing a gas floor target to prevent the underutilization of block space. - [Vanilla Based Sequencing](https://ethresear.ch/t/vanilla-based-sequencing/19379) by [George Spasov](https://twitter.com/GSpasov) and [Daniel Ivanov](https://twitter.com/danielkivanov) presents a mechanism designed to solve the cold start problem of low proposer participation in based sequencing. - [ePBS Annotated Validator Spec](https://hackmd.io/@ttsao/epbs-annotated-validator) by [Terence Tsao](https://twitter.com/terencechain) annotates the [ePBS Validator specification](https://github.com/potuz/consensus-specs/pull/2) and explains the changed validator duties. - [Analyzing Blob Inclusion Rates and Market Strategies](https://mirror.xyz/preconf.eth/6lZYL62DR9U14KC7wCC4RHReVdHcBeMy5PKeHVbPq5k) by [Primev](https://twitter.com/primev_xyz) analyzes blob market dynamics and blob posting strategies used by rollups, and outlines some potential improvements. - [Thread](https://x.com/primev_xyz/status/1783544429162168549) by [Primev](https://twitter.com/primev_xyz) - [Titan Relay Launch on Ethereum Mainnet](https://titanbuilder.substack.com/p/titan-relay-launch-on-ethereum-mainnet) by [Titan Relay](https://twitter.com/titanrelayxyz) announces the launch of the Titan Relay as a rust-based relay designed for high performance, global distribution, and robustness. - [Thread](https://twitter.com/titanrelayxyz/status/1783854895331782664) by [Titan Relay](https://twitter.com/titanrelayxyz) - [Introducing Atlas Backruns](https://www.fastlane.xyz/blog/introducing-atlas-backruns) by [Jacob Greene](https://twitter.com/0xdoge_bull) presents Atlas Backruns as a permissionless backrun OFA that doesn’t require PBS, and is compatible with all L2s. - [Thread](https://twitter.com/0xdoge_bull/status/1783885975166517759?s=46) by [Jacob Greene](https://twitter.com/0xdoge_bull) - [Post Mortem: Augustus V6 Vulnerability of March 20th, 2024 paraswap](https://paraswap.medium.com/post-mortem-augustus-v6-vulnerability-of-march-20th-2024-5df663a4bf01) by [ParaSwap](https://twitter.com/paraswap) details a whitehat rescue across 8 chains and the actions performed to circumvent frontrunning bots. # Posts & Threads - [mempirate](https://twitter.com/mempirate) published a [thread](https://twitter.com/mempirate/status/1783926010980823399?s=52) detailing [Chainbound](https://twitter.com/chainbound_)’s work on [ROP-8](https://efdn.notion.site/ROP-8-Geographical-distribution-of-Ethereum-validators-bad7233658cc41f38b26e7b4f6cf6e8b) that studies the geographical distribution of Ethereum validators. - [Michael](https://twitter.com/plc_hld) published a [thread](https://twitter.com/plc_hld/status/1783174481428529340) to present findings from running the MEV-Boost fork _Adagio_ by [Chorus One](https://twitter.com/ChorusOne) with insights on timing games, centralization, latency and more. - [Yoni](https://twitter.com/YoniEbans) published a [thread](https://x.com/YoniEbans/status/1782889555034624457) to announce the addition of historical MEV-Boost [bids](https://docs.edennetwork.io/public-data/mev-boost/bids/) and [payloads](https://docs.edennetwork.io/public-data/mev-boost/payloads/) from September 2023 onwards in the public data collection by [Eden Network](https://twitter.com/EdenNetwork). # Talks & Discussions - [Dynamic Transaction Fee Mechanism Design](https://www.youtube.com/watch?v=bO4CiqQBldo) by [Max Resnick](https://twitter.com/maxresnick1) discusses how time sensitive transactions are impacted by [EIP-1559](https://eips.ethereum.org/EIPS/eip-1559) and proposes slowing down the base fee update to reduce delays and lower gas fees. - Paper: [Dynamic Transaction Fee Mechanism Design](https://www.mechanism.org/spec/04) by [Mallesh Pai](https://twitter.com/malleshpai) and [Max Resnick](https://twitter.com/maxresnick1) - [The Delphi Podcast](https://twitter.com/PodcastDelphi): [Decentralization Unleashed: The Astria Approach to Rollup Sequencing](https://www.youtube.com/watch?v=jmY4YNZo67s) invites [Josh Bowen](https://twitter.com/Jskybowen) to discuss the evolving landscape of rollups, the advantages of shared sequencers, and [Astria](https://twitter.com/astriaorg). # Other - [Request for SUAPP: Squatters’ auction](https://collective.flashbots.net/t/request-for-suapp-squatters-auction/3352) by [Shea Ketsdever](https://twitter.com/SheaKetsdever) describes a SUAPP that would improve markets for digital goods that are prone to squatting, like domains and reservations. - [Request for SuApp: Decentralized TLS server](https://collective.flashbots.net/t/request-for-suapp-decentralized-tls-server/3358) by[Andrew Miller](https://twitter.com/socrates1024) outlines a SUAPP for decentralized TEE-based Frame servers where the TLS private key is generated within a Kettle enclave. - [Request for SuApp: SuAvalon](https://collective.flashbots.net/t/request-for-suapp-suavalon/3357) by [Andrew Miller](https://twitter.com/socrates1024) requests a game in the style of Werewolf, Avalon, Mafia, etc., where players have hidden information and hidden roles, which sometimes rely on a game master to coordinate. - [brock/chatNFT](https://github.com/flashbots/suapp-examples/pull/58) by [brock](https://twitter.com/zeroXbrock) is a SUAPP to mint NFTs on Ethereum using ChatGPT to generate the NFT’s data. - [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) by [Robert Miller](https://twitter.com/bertcmiller) # Upcoming Events - **May 6th** : [Agentic Markets Pre-game: LLM Routing](https://lu.ma/3zsi3dad) hosted by [Flashbots](https://www.flashbots.net/), [Martian](https://twitter.com/withmartian), and [Edge](https://twitter.com/edgeAGI) will be a session focused on _LLM Routing_ for researchers and engineers building marketplaces for agents. - [Post](https://twitter.com/sxysun1/status/1782856233889726879) by [Xinyuan Sun](https://twitter.com/sxysun1) * * * ✉ [**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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