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
- Announcing Our New SUAVE Testnet: Toliman by @dmarz presents the SUAVE Toliman testnet, enabling more powerful and private Solidity coprocessing via EIP-712 and TEE Kettles.
- Introducing: So Extra by Eden Network by Luke Lichtenstein presents So Extra which leverages confidential compute requests on SUAVE to auction off the extra data field in Ethereum blocks.
- Thread by Eden Network
- Thread by Eden Network
- Post by Eden Network
- Post by @cryptrowanderer
- Post by @dmarz
- Closing the Intel TDX Page Fault Side Channel, or, The Case for TDExit-Notify by @PradyumnaShome examines vulnerabilities in SGX and countermeasures to prevent similar attacks in TDX.
- Mechan-stein (alt. Franken-ism) by Mike Neuder explores how combining existing proposals that target different outcomes, like transparent MEV markets and censorship resistance, may lead to a more complete solution.
- On Attestations, Block Propagation, and Timing Games by Toni Wahrstätter discusses the evolution of timing games and the impact on attesters through a case study of node operators from Lido, Coinbase, and Kiln.
- On Proposer Timing Games and Economies of Scale by Toni Wahrstätter explores how timing games by proposers are influenced by economies of scale, enabling larger entities to delay their proposals longer without increasing the risk of a reorg.
- Trustless Interoperability between Rollups: Landscape, Constructions, and Challenges by Marshall Vyletel Jr and Wei Dai survey the trustless interoperability landscape by defining and discussing six levels of interoperability solutions between rollup ecosystems.
- Thread by Marshall Vyletel Jr
- Post by Wei Dai
- Multiple Concurrent Proposers IS Preconfirmation by Stanley He examines the similarities between MCP and preconfirmations in terms of MEV, censorship resistance, and block building.
- Thread by Stanley He
- The Road to PBS: MEV-Boost++, Optimistic Relays, and TEE-Boost by 100y outlines some of the proposed solutions to eliminate the need for relays in MEV-Boost, including TEE-Boost.
- From Public To Private Transactions In Ethereum: The Flippening by Blocknative discusses the implications of private transactions now consuming more than half of Ethereum’s block space.
- Censorship Insurance Markets for BRAID by Jonah Burian and Ben Levy proposes censorship insurance markets to mitigate the liquidity requirements of BRAID.
- Blockchains are BAD (for execution)! by joshua explores various sequencing methods to ensure censorship resistance of user transactions, including the use of TEEs.
- There Is Nothing New Under The Sun by joshua details the increasing overlap of searchers and solvers and argues that solvers will need to innovate or face obsolescence.
- wtf is settlement by Lamby and krane discuss the concept of settlement by contrasting definitions from traditional finance with modular blockchains.
- The Composable Network: Unifying Chains with Javelin, the first Superbuilder by NodeKit details the Javelin Superbilder designed for atomic execution and synchronous composability across rollups.
- Metamorphosis of Jaredfromsubway.eth: cunninger Jared 2.0 with more layers by EigenPhi explores the evolving strategies used by Jaredfromsubway to perform sandwich attacks on Uniswap V3.
Posts & Threads
- @brock published a thread detailing the creation of ChatNFT, and how building on SUAVE reduces the need for offchain infrastructure and helps streamline secret management for dapps.
- @sxysun published a post sharing two application ideas for anyone who would like to get started building SUAPPs and using TEEs.
- Phala Network published a thread sharing highlights from WTF is TEE?, including the latest advancements and use cases of TEEs in Web3.
- Alex Nezlobin published a thread detailing a study on adverse selection in DeFi by analyzing the execution quality of uninformed transactions relative to arbitrage transactions.
- Toni Wahrstätter published a post to highlight the decline in the number of reorgs since Dencun, and how the first slot in an epoch has the highest probability of being reorged.
- bolt published a thread announcing the alpha release of bolt to enable sub-second preconfirmations with trustless proposer commitments.
- Thread by mempirate
- Post by Chainbound
Talks & Discussions
- Flashwares vi: it’s Lit invites Harry Bairstow to present Lit Protocol’s approach to TEEs (SEV-SNP) and threshold encryption.
- MEV-Boost community call #10 hosted by @ralexstokes invited the MEV-Boost community to discuss mev-boost v1.8 1, TEE-Boost, and EIP-7732.
- Recording from Frontiers by Paradigm is available with talks on high-performance crypto infrastructure, including Reth, Rbuilder and MEV RS.
- DeFi in the MEV Era by Ciamac Moallemi provides an overview of LVR and how it relates to block times and multi-block MEV.
- Indexed Podcast: Account Abstraction & ERC-4337 with Boxer, @sui414 and hildobby invites Kofi for a conversation on account abstraction and ERC-4337.
- ePBS (EIP-7732) breakout room #7 hosted by Potuz covered the latest progress and implementation status of EIP-7732.
- The Rollup: WTF is MEV? Pre-Confs & MEV Commit Explained invites Murat Akdeniz to discuss block building, MCP, and mev-commit as a market for preconfirmations.
- Post by The Rollup
- Infinite Jungle: ACDE #139: EILI5 ePBS Edition by Christine Kim provides an overview of PBS and the motivation behind ePBS.
Other
- Stargazing 1: Check Your Harness by @cryptrowanderer provides an updates on SUAVE including the Toliman release, SUAVE Office Hours, and more.
- Brontes by Sorella Labs is a blockchain analytics pipeline built on top of Reth with structured onchain, and offchain data for data preprocessing.
- Presentation by Ludwig and Will Smith at Frontiers
- Request for SUAPP: TEE proof of attestation verification by @mateusz outlines a request for Sirrah to support verification of TDX attestations in addition to SGX.
- lily’s mev reading list by @Lilyjjo is a curated list of resources designed to provide an introduction to MEV for engineers who do not have a background in finance or economics.
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