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
- Releasing DCAP library v4: A unified interface to verify TEEs on-chain by Automata Network announces the release of Automata’s DCAP library v4 for a unified interface that performs verification logic for Intel SGX and TDX directly on-chain.
- Espresso Systems and Offchain Labs Publish Decentralized Timeboost Specification by Espresso Systems details the specification for Decentralized Timeboost designed to reduce MEV, and increase censorship-resistance for rollups.
- Transaction Ordering Policies & Value Accrual in L2s: Timeboost, OP PGA, Fastlane, and OEV Network by Delphi Digital explores Timeboost on Arbitrum and compares it with other transaction ordering mechanisms like Optimism’s PGA, FastLane on Polygon, and OEV Network by API3.
- Trusted Advantage in Slot Auction ePBS by Julian Ma argues that proposers will not be incentivized to use slot auction ePBS as it would reduce their revenue compared to MEV-Boost.
- FOCIL Resource Design Considerations by Terence Tsao details resource considerations of FOCIL to ensure its efficiency and security.
- Post by Terence Tsao
- Privacy Problems in the P2P Network and What They Tell Us by Lioba Heimbach, Yann Vonlanthen, Juan Villacis, Lucianna Kiffer, Roger Wattenhofer summarizes their paper that demonstrated a method to deanonymize Ethereum validators in the P2P network.
- BeaverBuild’s $476K Profit in 45 Days: Backrunning BananaGun via Jaredfromsubway by EigenPhi details how Beaverbuild’s new bot and Jaredfromsubway.eth’s bot share the same calldata, and analyzes their strategies and profits.
- Pioneering End-to-End Privacy for Intra-Block Commitments by Bernardo Magri and Christian Matt details the two cryptographic primitives that provide privacy and anonymity for bidders and providers in mev-commit.
Posts & Threads
- @stephen published a thread exploring two sandwich attacks on large ETH withdrawals from Contango.
- rain&coffee published a thread to summarize their presentation on orderflow, block bids, and applications specific sequencing.
- @bert published a post to highlight a user receiving a ~6 ETH refund by using Flashbots Protect.
Talks & Discussions
- Indexed Podcast: Proposer Timing Game w/ DataAlways: PBS Series invites @dataalways for a presentation on MEV, timing games, and block building.
- Understanding MEV, Challenges and Solutions by @fiiiu provides an overview of MEV, its centralizing effects, and relevant regulation and policy.
- Garbled Circuits and One Time Programs Using Commodity Lockbox by @socrates1024 details Garbled Circuits and how to use mobile phone Lockboxes to make them non-interactive.
- Timeboost & Ethical MEV invites Matt Fiebach, @bert , Steven Goldfeder, and Ed Felten to dive into Timeboost and its design to reduce MEV and increase censorship-resistance on Arbitrum.
- The Gwart Show: Citadel, But On-Chain invites Ludwig Thouvenin to discuss MEV, Uniswap V4, and Brontes.
- Expansion: Rethinking Ethereum’s Block Building: CommitBoost & Pre-Confirmations invites Drew Van der Werff for a conversation on PBS, censorship resistance, preconfirmations, and commit-boost.
- Bankless: The Ethereum Roadmap is NOT Off Track! invites Mike Neuder to discuss (e)thesis and how Ethereum enables strong property rights while expanding economic activity via rollups.
- Post by Bankless
- Post by Mike Neuder
- Distributed Block Building Call #0 hosted by Dankrad Feist discuss distributed block building and how to ensure local block building remains feasible.
- The Rollup: The Based Rollup Stack with Spire Labs invites mteam to discuss based rollups, composability, and the The Based Stack.
- Post by The Rollup
- Post by The Rollup
Other
- Stargazing 2: Trustworthy by @cryptrowanderer explores how SUAVE may direct MEV towards creating a more trustworthy world, encouraging decentralized and meaningful collaboration.
- Poetic Intents: Seeding the next generation of TEEs. by Poetic Technologies calls for collaboration to develop a trustless, open-source, and tamper-resistant TEE to address the limitations of proprietary alternatives.
- Constitutional AIP: Proposal to adopt Timeboost, a new transaction ordering policy by Arbitrum has passed, signaling the activation of Timeboost for Arbitrum One and Arbitrum Nova with ETH collected in treasury.
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