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
- Loss-Versus-Fair: Efficiency of Dutch Auctions on Blockchains by Ciamac C. Moallemi and Dan Robinson anlyze the expected losses that a seller incurs to arbitrageurs and expected time-to-fill for Dutch auctions as a function of starting price, volatility, decay rate, and average interblock time.
- The Future of MEV by Jonah Burian researches the economics of ETs and how they can be leveraged to internalize MEV to the protocol without requiring ePBS.
- Thread by Jonah Burian
- Forum post by Jonah Burian and Davide Crapis
- Advantage of Pipelining Consensus and Execution: Delayed Execution by Terence Tsao explores how ePBS allows for the separation of consensus- and execution validations to reduce network load and increase execution state root performance.
- Strawmanning Based Preconfirmations by Lin Oshitani outlines the challenges of based preconfirmations by analyzing a simple “strawman” setup.
- Do shared MEV auctions actually increase revenue? by Ed Felten challenges the assumption that selling access to MEV on multiple chains is always more profitable, and presents a model that shows how separate auctions can sometimes generate more revenue.
- The power of faster blocks by Ed Felten details the advantages of Arbitrum’s fast block times on market efficiency, LVR, and user experience.
Posts & Threads
- Robert Miller published a post to highlight a user receiving a $9,500 refund via Flashbots Protect.
- OneBalance published a thread to present OneBalance as a framework for creating and managing credible accounts.
- Kofi published a post highlighting that 50% of recent ERC-4337 bundle transactions on Polygon failed due to frontrunning.
Talks & Discussions
- Infinite Jungle: Why MEV Looks Different on L2s invites Robert Miller to discuss MEV on L2, block building, MEV-Boost, and SUAVE.
Other
- ​​Practical POV: Using EIP712 to sign for CCRs by brock details an update to suave-geth that implements the EIP-712 signature scheme for signing CCRs on SUAVE without requiring the user to change RPC endpoint.
- TLDR Fellowship applications are open until June 6 for engineers, academics, and students to generate new research and implement existing research across a range of DeFi topics.
- Post by tldresear.ch
- FAQ: Ethereum issuance reduction by Anders Elowsson addresses questions and concerns related to reducing protocol issuance.
- Bolt by Chainbound enables trustless preconfirmations by allowing Ethereum proposers to offer credible commitments about their block contents.
- Thread by Chainbound
- MEV Scanner by bleu checks how much MEV has been extracted from a given address.
- Thread by MEV Scanner
- Thread by CoWSwap
Upcoming events
- July 8-11: EthCC by Ethereum France
- July 8: ​​Searcher.wtf by aori, Flood, Chainbound, PropellerHeads, bloXroute Labs and Barter
- July 10: FHE Summit by FHE Onchain
- July 11: Unaligned Day by FastLane Labs
- Thread by Alex Watts
- July 11-13: Modular Summit 3.0 by Celestia Labs and Maven11
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