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
- Open sourcing rbuilder by Flahbots announces rbuilder as a blazingly fast, open-source block builder written in Rust.
- Thread by @shea
- Post by @metachris
- Preconfirmations under the NO lens by Umberto Natale analyzes the complexity of implementing preconfirmations in Ethereum’s PBS framework and the impact on builders and searchers.
- MEV resistant dynamic pricing auction of execution proposal rights by Anders Elowsson presents an alternative auction mechanism for selling execution proposal rights in advance.
- Maximum Viable Security: A New Framing for Ethereum Issuance by Artem, @McNut, Sonya Kim and adcv_ presents Maximum Viable Security (MVS) as an alternative monetary policy for Ethereum, and argues that security should be prioritized over scarcity.
- Leaderless and Leader-Based Preconfirmations by Christian Matt and Murat Akdeniz explores leader-based and leaderless preconfirmations, their trade-offs, and potential combinations.
- Deep Diving Attestations - A quantitative analysis by Toni Wahrstätter analyzes attestations and the impact of MEV-Boost, CL-clients, timing games, blobs, and more.
- Intel TDX Security and Side Channels by @PradyumnaShome details a selection of security concerns with TDX and their implications.
- Autonomous TEE Manifesto by Poetic Technologies shares a vision of an open-source software and hardware architecture for confidential computation, particularly TEEs.
- Drawbacks In FHE Blockchain And How SGX Can Help It by @tolak describes how using FHE and TEEs can improve key security, encryption validity, and computation validity.
- Execution Consensus Separation by Max Resnick outlines changes to Ethereum’s execution, consensus, and application layer to reduce MEV and improve censorship resistance.
Posts & Threads
- @shea published a thread to announce that gas refunds are now available on all transactions sent to Flashbots Protect and builder.
- Barnabé Monnot published a thread that revisits the idea of Proposer suffixes by Vitalik Buterin through the lens of APS and IL constructions.
- Matt Cutler published a thread to highlight that private transactions on Ethereum have surpassed 30%, and the trends seem to be accelerating.
- Tariz published a post that details how implementing PBS in rollups could serve as an economic incentive for decentralization.
Talks & Discussions
- ePBS Breakout room #4 discussed EIP-7732, processing withdrawals as part of the execution payload, PTC equivocations, and more.
- Agenda by Potuz
- Notes by Terence Tsao
- The Rollup: The C.A.K.E Framework, Credible Accounts, and Resource Locks invites Stephane Gosselin to discuss chain abstraction, credible auctions, shared sequencers, MEV, and OneBalance
- Post by The Rollup
- The Gwart Show: Crypto Market Making invites Evgeny Gaevoy to discuss market-making, the evolution of DeFi, and Wintermute.
Other
- Flashbots Protect Explorer by @tesa announces an explorer for Flashbots Protect with refund metrics for both projects and individual addresses.
- EIP-7732: Enshrined Proposer-Builder Separation by Francesco D’Amato, Barnabé Monnot, Michael Neuder, Potuz, and Terence Tsao separates the Ethereum block in consensus and execution parts, and adds a mechanism for the consensus proposer to choose the execution proposer.
- Thread by Potuz
- Thread by Barnabé Monnot
- Post by Terence Tsao
- Thread by Christine Kim
- A map of Ethereum by Emperor is a collection of resources related to MEV, PBS, censorship resistance, and more.
- eth_sendBlobs by Titan Builder is a new blob mempool feature designed to improve blob inclusion and reduce the likelihood of surging blob fees.
Upcoming events
- July 8-11: EthCC by Ethereum France
- July 10: FHE Summit by FHE Onchain
- July 10: AltLayer Rollup Day by AltLayer
- July 11: TEE.salon by Flashbots
- July 11: Liquidity.Salon: The State of Onchain Liquidity by Flashbots, Uniswap Foundation and PropellerHeads
- 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
- July 13: DarkPool.Design by Flashbots, Uniswap Foundation and PropellerHeads
- Post by dmarz
- Post by Reid Yager
- 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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