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
- TEE-Boost by @shea proposes a change to MEV-Boost that allows validators to directly accept TEE proofs from builders to reduce, and eventually remove, the role of relays.
- Flashbots at EthCC 2024 by @Tina details the events hosted by Flashbots during the week of EthCC, as well as the talks and panels that individuals from Flashbost participated in.
- Affiliated AMMs and permissionless solving for uniform price batch auctions by Sergio Yuhjtman outlines ways to reduce MEV and LVR with batch auctions, and introduces affiliated AMMs.
- Inclusion List Timing Constraints by Terence Tsao explores trade-offs related to ILs and the dependencies required for each actor to fulfill their role.
- Multiple Concurrent Proposers, FOCIL and Preconfirmations by mempirate discuss how MCP, FOCIL and proposer commitments, such as preconfirmations, interact.
- The Road To Based Applications by rain&coffee explores the current state and potential future of based rollups and preconfirmations.
- TL;DW: Intents Discussions’ Most Intents Takeaways by Zach Cavanaugh summarizes the talks at Intents Discussions hosted by Anoma on intents, solvers, TEEs and more.
- Preconfirmation Bidding Increased Block Values on Holesky by Evan Kim presents initial results and observations from running mev-commit on Holešky to execute preconfirmations.
Posts & Threads
- @sui414 published a thread summarizing their latest research with Burak Ă–z, Thomas Thiery, and Florian Matthes on Who Wins Ethereum Block Building Auctions and Why?
- defi guy published a thread exploring the implications of implementing MCP with regards to MEV, censorship resistance, and application design.
- Luban published a post to announce that their modified version of rbuilder is landing preconfirmations of the Helder testnet via Commit-Boost.
- St1ng3R published a thread sharing their tech stack and the tools used as a searcher.
- Potuz published a thread arguing that slot auctions negatively impact locally built blocks when proposers compare them to blocks sourced from builders.
- Toni Wahrstätter published a post highlighting the recent decline in the share of blocks sourced from censoring builders, from approximately 60% to 10%.
- Matt Fiebach published a post to highlight an increase in block rewards from MEV-Boost due to the volatility on August 5th, with over 2500 ETH sent to proposers in one hour.
Talks & Discussions
- Livestream recording from MEV-SBC’24 hosted by Flashbots is available with talks that highlight MEV research from the past year, as well as new areas of research.
- Agenda by @sarah.allen
- Thread by @sarah.allen
- Thread by @Tina
- Recordings from TEE.salon hosted by Flashbots have been uploaded:
- TEE Stack Potential, Reminder about Tech Debt, Bargaining bots concept by Andrew Miller
- Quartz: A privacy Preserving TEE Sidecar for CosmWASM by Ethan Buchman
- qtee Moving Towards Open Source & Verifiable Secure-through-Physics TEE Chips by Sylvain Bellemare
- Web Proofs: Add internet data to onchain apps by Tracy Livengood
- Designing Open Processors for the Next Generation of Cryptography by Michael Gao
- TEE Block Building by Shea Ketsdever
- Intel TDX Demos by Moe Mahhouk
- What applications do TEEs enable? by Xinyuan Sun and Ryan MacArthur
- TEE in Decentralized Al by Hang Yin
- A complete Web3-based DCAP attestation framework by Zheng Leong
- Forum post by @Tina
- Recordings from Liquidity.salon hosted by Flashbots, PropellerHeads, and Uniswap Foundation have been uploaded:
- Making Onchain Liquidity Great Again by Markus Schmitt
- Panel: MEV & LVR with @bert , Max Resnick, Karthik Srinivasan, Ed, and Markus Schmitt
- Panel: Information Flow Control with Andrew Miller, Henry de Valence, Christopher Goes, Davie, and moderated by Tarun Chitra and Anna Rose
- Forum post by @Tina
- AltLayer Rollup Day: Where Rollups Go From Here by @bert discusses potential next steps for rollups related to ordering, proposing, preconfirmations, and MEV.
- Optimistic Gathering: Interoperability: a block builder perspective by @dmarz covers the role of block builders and details an interop builder PoC for the OP Stack.
- BRAID: Implementing Multiple Concurrent Block Proposers by Max Resnick presents a design for MCP with multiple instances of Ethereum consensus running in parallel.
- Thread by Charlie Noyes
- Post by Dan Robinson
- Chain Abstraction Educate: The CAKE Framework by Ankit Chiplunkar provides an overview of chain abstraction and the CAKE Framework.
- Ethereum Sequencing and Preconfirmations Call #12 hosted by Justin Drake invited speakers from Bolt, Gattaca, Primev, and Switchboard to present recent developments and research related to preconfirmations.
- Indexed Podcast: ETH ETF Review, Polymarket, US Election/Regulation, and more by hildobby, Boxer, and @sui414 discuss recent onchain data, MEV, and more.
- ePBS (EIP-7732) breakout room #6 hosted by Potuz covered the latest progress and implementation status of EIP-7732.
- Infinite Jungle: ACDE #193: Should Quantum Resistance Be the Priority After Pectra? by Christine Kim summarizes ACDE #193 that included discussions of Pectra, quantum resistance and new EIPs.
Other
- DarkPool.Design Researchathon: Quoting Strategies @EthCC by Kenneth Ng shares a readout from a session at DarkPool.Design on providing quotes in dark pools.
- Block construction session by Barnabé Monnot shares notes from research sessions by RIG on ILs, ePBS, APS, and MCP.
- [Request for Support – ARDC Research Member] Comparison of MEV Solutions (Timeboost/MEV-Boost/FastLane) by Entropy Advisors requests an analysis that compares Timeboost, MEV-Boost, and FastLane.
Upcoming events
- 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
- Aug 20-27: MEV TOKYO by Titania Research
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