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
- Fork-Choice enforced Inclusion Lists (FOCIL): A simple committee-based inclusion list proposal by Thomas Thiery, Barnabé Monnot , Francesco D’Amato and Julian Ma introduces Fork-Choice enforced Inclusion Lists (FOCIL), a committee-based IL design to uphold censorship resistance and chain neutrality.
- Execution Auctions as an Alternative to Execution Tickets by Jonah Burian and Davide Crapis compares Execution Auctions and Execution Tickets as solutions to capture and redistribute MEV.
- We’re All Building the Same Thing by Jon Charbonneau explores asynchronous execution, universal synchronous composability, based rollups, preconfirmations and more.
- Block Building is not just knapsack! by Mikerah, Afonso and Sarisht presents a formal model for block building, showing that it is at least NP-hard by providing both an LP and reductions from both the Knapsack problem and the Maximum Independent Set problem.
- Issuance Issues — Tertiary Treatise by Mike Neuder analyzes the role of the burn in regard to issuance, and the impact on network ownership for stakers and non-stakers.
- Post by Mike Neuder
- Avoiding Accidental Liveness Faults for Based Preconfs by mteam introduces preconfirmation chaining as a way to prevent proposers from being unfairly penalized for liveness faults by ensuring preconfirmation requests can be fulfilled by the next proposer.
- Blob Usage Strategies by Rollups and Non-rollup Applications by Jason Cui provides an in-depth analysis of blob transactions and blob usage strategies from both rollup and non-rollup applications.
- How to help self builders with blobs by Dankrad Feist outlines strategies to help builders manage the inclusion of blobs in order to minimize reorgs and improve distribution.
- The Unseen Bidding War: Rsync’s Strategic Maneuvers by EigenPhi analyzes gas usage patterns and bidding strategies used by rsync.
- Pre-confirmation Liveness Slashing Penalties from the Proposer’s Perspective by Sébastien Rannou explores the liveness penalty from the point of view of proposers from an economical perspective.
- Why wait for the slow train? by @socrates1024 describes the physical limits of MEV in a short parable of a bustling industrial town.
- Shutterized Gnosis Chain Debuts in July! by Shutter Network details their implementation of threshold encryption on Gnosis Chain to shield transactions from MEV extraction.
Posts & Threads
- Terence Tsao published a post with an overview of how ePBS could either support or conflict with preconfirmations.
- Toni Wahrstätter published a post to highlight that local block builders on average include more blobs per block than MEV-Boost builders.
- Conor McMenamin published a post that introduces a scale to categorize based rollups and preconfirmations.
- Charlie Noyes published a post suggesting relays to run PGAs to utilize any remaining block space left by the winning builder.
Talks & Discussions
- The Defiant: Light In The Dark Forest: How To Fight MEV invites Phil Daian, Kushal Babel and Justin Drake for an overview of MEV, PBS, and how the landscape might evolve from here.
- Post by The Defiant
- Post by IC3
- Ethereum Sequencing and Preconfirmations Call #11 invites Niran Babalola to present Keyspace, a based ZK-rollup by Coinbase.
- Notes by Drew Van der Werff and Sam Jernigan
- The Gwart Show: How To Win Blocks And Influence Ethereum invites Stephane Gosselin to discuss builder centralization, censorship resistance, shared sequencers, and more.
- Scraping Bits: Ambient Finance, Dex Innovation, Hybrid Liquidity Pools invites Doug Colkitt for a conversation on MEV, DEX design, and Ambient.
Other
- Crucible Hackathon Overview by @dmarz provides a summary of the rust-based SUAVE hackathon hosted by Flashbots in NYC.
- Bottom of the Block Yack Runner by @halo3mic and @brock
- Narwhal Exploration by @dmarz
- Salary Expectations Checker by @dmarz, on the behalf of @fiiiu
- Layer 2 Rust Block Production Exploration by @ferranbt
- Opstack interop builder by @jinsuk , @Shana and @tedinho
- Reading list by @Quintus is a collection of resources relevant to the effort by Flashbots to realize a TEE that more thoroughly enables the decentralized ethos and goals of the crypto industry.
- Adagio Upside by Chorus One is a dashboard that compares a standard MEV-Boost setup to Adagio, which delays the
getHeaderrequest sent to the relay. - ePBS breakout #3 notes by Terence Tsao provides a summary of the latest call to discuss progress related to ePBS.
Upcoming events
- June 25: Flashwares v: what do MEV apps want from TEEs anyway? by @mateusz and @dmarz
- June 25: SUAPP Development: Setting Up a SUAPP by @brock
- EC’24 Preview Week by EC’24:
- June 26: MEV-Boost community call #9 hosted by Alex Stokes
- July 7: Sequencing x CAKE day by Espresso and Frontier Research
- July 8-11: EthCC by Ethereum France
- July 8: Searcher.wtf by aori, Flood, Chainbound, PropellerHeads, bloXroute Labs and Barter
- July 9: L2con by Epic Web3
- July 10: FHE Summit by FHE Onchain
- July 11: Unaligned Day by FastLane Labs
- Thread by Alex Watts
- Thread by Alex Watts
- July 11-13: Modular Summit 3.0 by Celestia Labs and Maven11
- Aug 6: The MEV Workshop at the Science of Blockchain Conference 2024 (MEV SBC ’24) by Flashbots
- Aug 7-9: The Science of Blockchain Conference 2024 (SBC’24) by IC3, Stanford Center for Blockchain Research and UC Berkeley RDI.
- Aug 16-17: Frontiers by Paradigm
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