# The MEV Letter #4 **URL:** https://collective.flashbots.net/t/the-mev-letter-4/2203 **Category:** The Flashbots Ship **Tags:** links, the-mev-letter **Created:** [August 12, 2023, 9:43am UTC](https://collective.flashbots.net/t/the-mev-letter-4/2203 "2023-08-12T09:43:24Z") **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: [August 12, 2023, 9:43am UTC](https://collective.flashbots.net/t/the-mev-letter-4/2203/1 "2023-08-12T09:43:24Z")
_ **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. See our [Transparency Reports](https://collective.flashbots.net/tag/transparency-report) for deeper dives into updates related to Flashbots. * * * # Papers & Articles - [SoK: Cross-Domain MEV](https://arxiv.org/abs/2308.04159) by [Conor McMenamin](https://twitter.com/conormcmenamin9) looks at the current state of cross-domain MEV, analyzing the mechanism used, and proposed by protocols. The paper identifies “sequencers and order-flow auctions as cross-domain protocols with the greatest potential to mitigate MEV”. - [Tweet-thread](https://twitter.com/conormcmenamin9/status/1689172460300615681?s=46&t=bwfc-DbyfIS2TcIVQ-U_Fw) by [Conor McMenamin](https://twitter.com/conormcmenamin9) - [Relays in a post-ePBS world](https://ethresear.ch/t/relays-in-a-post-epbs-world/16278?s=31) by[Mike Neuder](https://twitter.com/mikeneuder), [Jon Charbonneau](https://twitter.com/jon_charb),[Hasu](https://twitter.com/hasufl), [Tomasz K. Stańczak](https://twitter.com/tkstanczak), [Chris Hager](https://twitter.com/metachris), &[Toni Wahrstätter](https://twitter.com/nero_eth) describe the current role of relays in MEV-Boost and how they could persist, in a reduced form, under ePBS. The post also introduces a new in-protocol unconditional payment design referred to as Top-of-Block (ToB) Payments. - [Tweet-thread](https://twitter.com/mikeneuder/status/168747844138427596) by [Mike Neuder](https://twitter.com/mikeneuder) - [The Second-Slot Itch - Statistical Analysis of Reorgs](https://ethresear.ch/t/the-second-slot-itch-statistical-analysis-of-reorgs/16333) by [Toni Wahrstätter](https://twitter.com/nero_eth) presents a statistical analysis of reorgs, focusing on CL-clients and how certain slot indices in an epoch significantly affect reorg likelihood. - [Empirical analysis of Builders’ Behavioral Profiles (BBPs)](https://ethresear.ch/t/empirical-analysis-of-builders-behavioral-profiles-bbps/16327) by [soispoke.eth](https://twitter.com/soispoke) creates Builders’ Behavioral Profiles (BBPs) from empirical data to summarize builders’ features and strategies, such as efficient transaction packing and bidding during MEV-Boost auctions. - [Tweet-thread](https://twitter.com/soispoke/status/1689607327777689600) by [soispoke.eth](https://twitter.com/soispoke) - [Exploring Protocol-Enforced Proposer Commitments(PEPC)](https://mirror.xyz/ohotties.eth/lBEXiiU7yK91OuSn8QyJPM9Db8GuyDFzCEUAj60BWyI) by [YQ](https://twitter.com/jiayaoqi) explores the “potential benefits, open questions, roadblocks, and additional context around PEPC as an alternative path to unfetter proposers and allow permissionless innovation in outsourcing mechanisms.” - [Tweet-thread](https://twitter.com/jiayaoqi/status/1687876121390678016?t=QZWGjh0H2uW3vnqTPQ1DhA&s=19) by [YQ](https://twitter.com/jiayaoqi) - [Endgame: Proof of Governance](https://dba.mirror.xyz/UTPfxWe65dYrUu_RJX-5VkAJypFRyw3AZh6m0dRXYZk) by [Jon Charbonneau](https://twitter.com/jon_charb) looks at the tradeoffs between various sequencers and consensus mechanisms with regard to security, decentralization, governance, and economic efficiency. - The post is a continuation of a [podcast](https://www.youtube.com/watch?v=WnYroGZc47c&feature=youtu.be) with [Jon Charbonneau](https://twitter.com/jon_charb) and [Hasu](https://twitter.com/hasufl) - [Tweet-thread](https://twitter.com/jon_charb/status/1688421266678521856?t=whEPTAOVrE50Up9_bxMJfg&s=19) by [Jon Charbonneau](https://twitter.com/jon_charb) - [Tweet-thread response](https://twitter.com/christine_dkim/status/1689374346186252289?t=u6p-WguCbLDp5gj0OEL0oA&s=19) by [Christine Kim](https://twitter.com/christine_dkim) - [RIG Update #1 — EthCC[6]](https://robustincentives.substack.com/p/rig-update-1-ethcc6?sd=pf) by [Robust Incentives Group](https://twitter.com/ethconomics) is an update from RIG highlighting recent publications and talks from EthCC[6]. - [Decoding Intents: Revolutionizing Web3 User Experience and Orderflow in Blockchain](https://mirror.xyz/0x592Dd47b24e4CDA75491c6CB023193423964cCcb/ISTQVpZSICAL_oG2dOia-6hdVuEpctENxLWFVv8Cz88) by [Grace Deng](https://twitter.com/yuxiao_deng) dives into the need for a simplified user experience in web3 and explores intent-driven interactions by reviewing implementations such as CowSwap and UniswapX. - [Tweet-thread](https://twitter.com/yuxiao_deng/status/1688561162328363008?s=20) by [Grace Deng](https://twitter.com/yuxiao_deng) - [Vyper Nonreentrancy Lock Vulnerability Technical Post-Mortem Report](https://hackmd.io/@vyperlang/HJUgNMhs2) published by [Vyper](https://twitter.com/vyperlang) is a post-mortem of the Vyper compiler re-entrancy bug that explores why the vulnerability was hard to spot, and what the ecosystem can learn from the incident. - [Tweet-thread](https://twitter.com/vyperlang/status/1687915162513395712) by [Vyper ](https://twitter.com/vyperlang) # Posts & threads - [SUAVE Centauri: Open-Sourcing suave-geth](https://collective.flashbots.net/t/suave-centauri-open-sourcing-suave-geth/2196) by [dmarz](https://twitter.com/_danielmarzec?lang=en) announces the open-sourcing of [suave-geth](https://github.com/flashbots/suave-geth), an early version of the client that will power SUAVE and the MEVM ecosystem. - [Capture the Flag 🏴‍☠️ update](https://collective.flashbots.net/t/capture-the-flag/2100/2) by [Fred](https://twitter.com/Freddmannen) announced the results from the Flashbots [MEV-Share CTF](https://ctf.flashbots.net/). - [Tweet-thread](https://twitter.com/SheaKetsdever/status/1690000778922995712) by [Shea Ketsdever](https://twitter.com/SheaKetsdever) - [Guillaume Lambert](https://twitter.com/guil_lambert) published [a thread](https://twitter.com/guil_lambert/status/1687791021206503424?t=3OwMq_JtlPJO4hHaHW69Yw&s=19) with the goal to demystify IL, LVR, JIT and MEV by looking at LPing on AMMs as selling options. - [Tweet-thread response](https://twitter.com/snoopy_mev/status/1687955757797638144) by [snoopy](https://twitter.com/snoopy_mev) - [Wenmerge 🦇🔊](https://twitter.com/Wenmerge2022) [announced](https://twitter.com/Wenmerge2022/status/1687359729419657216?t=0tquRR1mvRxweXH4DIfINQ&s=19) that their content-agnostic relay; [Wenmerge MEV - Boost Relay](https://relay.wenmerge.com/) is live on mainnet. - [Danning Sui](https://twitter.com/sui414/status/1687532531720355840?t=mtkZ9sv27xUlfDEaIVGtZw&s=19) published [a thread](https://twitter.com/sui414/status/1687532531720355840?t=mtkZ9sv27xUlfDEaIVGtZw&s=19) on the impact private orderflow has on block building and how the landscape of block builders has evolved in recent months. - [Hannes](https://twitter.com/hammyx_) published [a thread](https://twitter.com/hammyx_/status/1689668468843401216?t=yU-YmW3fK50ERkDIRpeXfg&s=19) collecting resources related EIP-4844 ahead of the upcoming Deneb upgrade. # Talks & Discussions - [LVR Reduction: The Biggest Open Problem in DeFi (Part One)](https://twitter.com/specialmech/status/1687558108133113856) hosted by [Mallesh Pai](https://twitter.com/malleshpai) and [Max Resnick](https://twitter.com/MaxResnick1) with guests [Doug Colkitt](https://twitter.com/0xdoug) and [Al N](https://twitter.com/0x94305) dives into LVR, its impact on DeFi, and potential solutions to minimize it. - [Mechanism Design Deep Dive](https://twitter.com/Blockworks_/status/1687187638401286144?t=8G_RIBZaHCKMMcYMFEd1Pg&s=19) with [Blockworks Research](https://twitter.com/blockworksres) and [SMG](https://twitter.com/specialmech) discuss mechanism design in the context of censorship resistance, private orderflow, and MEV. - [NOCC Shorts: Justin Drake on MEV Burn](https://www.youtube.com/watch?v=FR6nrrJuUtM&t=2s) by [Justin Drake](https://twitter.com/drakefjustin) explores MEV-Burn as a potential upgrade to Ethereum, equivalent to EIP-1559 but for MEV. - [MEV burn](https://www.youtube.com/watch?v=jlGc0npwkeU) by [Justin Drake](https://twitter.com/drakefjustin) at EthCC[6] - [Let’s get front-run on purpose! Will bots watching the Ethereum mempool steal $100 from us?!](https://www.youtube.com/watch?v=ntf4tzjhFUQ) by [Austin Griffith](https://twitter.com/austingriffith) is a live-coding session demonstrating a commit/reveal mechanic in [Scaffold-ETH-2](https://github.com/scaffold-eth/scaffold-eth-2). - [Part 1](https://www.youtube.com/watch?v=ntf4tzjhFUQ) by [Austin Griffith](https://twitter.com/austingriffith) # Other - [Mempool-dumpster](https://github.com/flashbots/mempool-dumpster) by [Chris Hager](https://twitter.com/metachris) and [Anton](https://twitter.com/0x416e746f6e) is a WIP application that dumps mempool transactions from EL nodes, and archives them in Parquet and CSV format. - [RFP: Block Bidding Economics on MEV-boost](https://www.tldresear.ch/tldr/tldr-request-for-papers/block-bidding-economics-on-mev-boost) by [tldresear.ch](https://twitter.com/thelatestindefi) is an open RFP that aims to address concerns related to the centralization of block production on Ethereum, particularly by top builders who have proprietary information and competitive advantages. - [Seal 911](https://t.me/seal_911_bot) is a Telegram bot created by [samczsun](https://twitter.com/samczsun) and a group of whitehats, auditors, and security leaders to help facilitate responsible disclosure and getting in touch with trusted members of the security community during emergencies. - [Builder-auction-stats](https://github.com/CometShock/builder-auction-stats) by [@CometShock](https://twitter.com/CometShock) and [@0xvanbeethoven](https://twitter.com/0xvanbeethoven) is an WIP approach to collect MEV-Boost Builder Auction data, store it in a PostgreSQL database, and generate analytics using the collected data. # Upcoming events - Aug 17: [MEV-Boost Community Call #5](https://collective.flashbots.net/t/mev-boost-community-call-5-17-august-2023/2124) hosted by [Alex Stokes](https://twitter.com/ralexstokes) will discuss specification and implementation details of the upcoming Deneb upgrade, as well as [eth\_validatePayload](https://notes.ethereum.org/Owy6Hb_oRfe7lUZaLeZWqA)and [validator registrations onchain](https://notes.ethereum.org/W-rfDoXkSZSwZ8k4oOlE0g). - Aug 31: [MEV-SBC workshop](https://collective.flashbots.net/t/the-mev-workshop-at-the-science-of-blockchain-conference-2023-mev-sbc-23/2038) aims to highlight important MEV research done in the past year and talks that will illuminate a new round of research problems the community should prioritize. * * * ✉ [**Sign up here**](https://forms.gle/Qr6MEUkVa13TDipW6) if you’d like to get The MEV Letter straight to your inbox! [Previous editions of The MEV Letter](https://collective.flashbots.net/search?q=the%20mev%20letter) ![px](https://collective.flashbots.net/uploads/default/original/2X/c/ca60e38032b234ad59a56965fe98b2abf584da78.png)