# The MEV Letter #5 **URL:** https://collective.flashbots.net/t/the-mev-letter-5/2231 **Category:** The Flashbots Ship **Tags:** links, the-mev-letter **Created:** [August 19, 2023, 8:11am UTC](https://collective.flashbots.net/t/the-mev-letter-5/2231 "2023-08-19T08:11:37Z") **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 19, 2023, 8:11am UTC](https://collective.flashbots.net/t/the-mev-letter-5/2231/1 "2023-08-19T08:11:37Z")
_ **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 - [No free lunch – a new inclusion list design](https://ethresear.ch/t/no-free-lunch-a-new-inclusion-list-design/16389) by [Vitalik Buterin](https://twitter.com/VitalikButerin) and [Mike Neuder](https://twitter.com/mikeneuder) outlines a new mechanism for inclusion lists designed to solve the free data availability problem. - [PBS Guild Proposal [v3 WIP]](https://collective.flashbots.net/t/pbs-guild-proposal-v3-wip/2223) published by [Tina](https://twitter.com/tzhen), and jointly proposed by the MEV-Boost community, introduce the initial proposal for PBS Guild as “a non-commercial ecosystem R&D funding vehicle […] designed to streamline decision-making process and open to funding mechanism experimentation”. - [Rollups are Real — Rollup Economics 2.0](https://davidecrapis.notion.site/Rollups-are-Real-Rollup-Economics-2-0-2516079f62a745b598133a101ba5a3de) by [Davide Crapis](https://twitter.com/DavideCrapis) introduces _Rollup Economics 2.0_ as a framework to describe value flows in mature rollup ecosystems. - [Tweet-thread](https://twitter.com/ayyyeandy/status/1692177561525354683) response by [Andy](https://twitter.com/ayyyeandy) - [The Cross-Domain Thesis Part 1: Setting The Stage](https://mirror.xyz/0x59567ea31347ba1430939E8a8aC58fDa014aBed9/e2pIdHzlaBi6m5GhsRGK0g5DyjgCVuU4lE614XmES5s) published by [Maven11 Research](https://twitter.com/maven11capital?lang=en) dives into the future of rollups, looking at EIP-4844, cross-rollup interoperability, Cosmos SDK Modules and more. - [Demystifying Intent-Driven Transactions](https://mirror.xyz/ohotties.eth/mSROCJocprwmfByTcx9XwR8Bnz6WxyzMohD0TVEwABI) by [YQ](https://twitter.com/jiayaoqi) explores the limitations of Ethereum’s current transaction model and presents how intent-driven transactions can enhance the user experience. - [Tweet-thread](https://twitter.com/jiayaoqi/status/1691659062344351914?t=ohnHuFmc359OxerjFPLMzg&s=19) by [YQ](https://twitter.com/jiayaoqi) - [Decentralize Rollup I: Decentralized Sequencing](https://mirror.xyz/ohotties.eth/jE1Daq4iSO8PZyoTUqPISsJkofPxl0Esbgli7G3Atbc) by [YQ](https://twitter.com/jiayaoqi) describes different ways to decentralize rollup sequencers to reduce MEV and improve their liveness guarantees, censorship resistance and interoperability. - [Tweet-thread](https://twitter.com/jiayaoqi/status/1689977643373117441) by [YQ](https://twitter.com/jiayaoqi) # Posts & threads - [Disclosure: Flashbots builder included reverting transactions in blocks](https://collective.flashbots.net/t/disclosure-flashbots-builder-included-reverting-transactions-in-blocks/2214) by [Shea Ketsdever](https://twitter.com/SheaKetsdever) details the timeline, root cause and mitigations of the incident on August 9 where one of the Flashbots builders included reverted transactions in blocks. - [SMG](https://twitter.com/specialmech) published [a thread](https://twitter.com/specialmech/status/1691178038640492544) highlighting the emerging trend of builders running their own searchers, outcompeting other builders by capturing top-of-block MEV through CEX-DEX arbitrage. - [Tweet-thread](https://twitter.com/MaxResnick1/status/1691181142400208897?t=LebpvxI-jadLVuntS23JRg&s=19)by [Max Resnick](https://twitter.com/MaxResnick1) - [Grace Deng](https://twitter.com/yuxiao_deng) published [a thread](https://twitter.com/yuxiao_deng/status/1691072364589813761?t=8zmHlMsm5-uK_nX2RS8sjQ&s=19) summarizing recent proposals for shared sequencing and cross-rollup interoperability. - [𝔏𝔲𝔨𝔢](https://twitter.com/LukeWasm) published [a thread](https://twitter.com/LukeWasm/status/1691434676551131136?t=KyMJf5nmjcwT3dblTO9C3g&s=19) on how the transaction supply chain of Ethereum has evolved from genesis to the complex landscape of today with PBS, OFAs, account abstraction and intents. - [Max Resnick](https://twitter.com/MaxResnick1) published [a thread](https://twitter.com/MaxResnick1/status/1692324460173652115?t=xtVNsQ83VWrtAufbIROSKw&s=19) on the current state of onchain trading, highlighting the lack of overlap between takers and makers and the importance of correcting the problem of LVR. - [Uniswap Labs](https://twitter.com/Uniswap) published [a thread](https://twitter.com/Uniswap/status/1691554186822054156?t=u0AIukl0QIiVpg49hXdStw&s=19) on how MEV impacts users and how UniswapX is designed to help mitigate this by routing orders to fillers. - [Joshrudolf.eth](https://twitter.com/rudolf6_) published [a thread](https://twitter.com/rudolf6_/status/1691848980471353474?t=IHeWOMtAURUR1nurlZ3RFw&s=19) on the recent progress of Verkle Trees and statelessness, intended to alleviate the problem of Ethereum’s ever-growing state size. # Talks & Discussions - [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) discussed specification and implementation details of the upcoming Deneb/Cancun upgrade, as well as the PBS Guild proposal. - Recording will be posted on the [Flashbots forum](https://collective.flashbots.net/) once available. - [LVR Reduction: The Biggest Open Problem in DeFi (Part Two)](https://twitter.com/specialmech/status/1691139040119312384?s=20) hosted by [Max Resnick](https://twitter.com/MaxResnick1) and [Mallesh Pai](https://twitter.com/malleshpai) with [Dan Robinson](https://twitter.com/danrobinson) and [Alex Nezlobin](https://twitter.com/0x94305) discuss potential solutions to reduce LVR in DeFi. - [Part One](https://twitter.com/specialmech/status/1687558108133113856) # Other - [MEV Bots Analytics](https://dune.com/defi_wonderland/mev-bots) by [Wonderland](https://twitter.com/DeFi_Wonderland) is a new dashboard that provides details on the behavior, activity and PnL of searchers on Ethereum. - [Tweet-thread](https://twitter.com/DeFi_Wonderland/status/1687512271130398720?s=20) by [Wonderland](https://twitter.com/DeFi_Wonderland) - [mev-share-go](https://github.com/duoxehyon/mev-share-go) by [duoxehyon](https://twitter.com/duoxehyon) is a client library for MEV-Share based on[the MEV-Share Spec](https://github.com/flashbots/mev-share), written in Golang. # Upcoming events - Aug 21: [MEV Roast: The threat of integrated builders & ToB market](https://twitter.com/i/spaces/1nAKErprWvkGL) hosted by [Fenbushi Capital](https://twitter.com/fenbushi) with guests [Mallesh Pai](https://twitter.com/malleshpai), [Max Resnick](https://twitter.com/maxresnick1), [Stephane](https://twitter.com/thegostep) and [Ankit Chiplunkar](https://twitter.com/ankitchiplunkar). - 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)