# The MEV Letter #58 **URL:** https://collective.flashbots.net/t/the-mev-letter-58/3940 **Category:** The Flashbots Ship **Tags:** links, the-mev-letter **Created:** [October 7, 2024, 7:58pm UTC](https://collective.flashbots.net/t/the-mev-letter-58/3940 "2024-10-07T19:58:53Z") **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: [October 7, 2024, 7:58pm UTC](https://collective.flashbots.net/t/the-mev-letter-58/3940/1 "2024-10-07T19:58:53Z")
_ **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 - [State of Wallets 2024](https://writings.flashbots.net/state-of-wallets-2024) by @tesa illuminates the current state of wallets on Ethereum, detailing trends in order flow dynamics, account abstraction, and more. - [Thread](https://x.com/defin00b/status/1842147489371025773) by[Tesa Ho](https://x.com/defin00b) - [No Fish Is Too Big for Flash Boys! Frontrunning on DAG-based Blockchains](https://eprint.iacr.org/2024/1496) by [Jianting Zhang](https://jtingzhang.github.io/) and [Aniket Kate](https://www.cs.purdue.edu/homes/akate/) details three novel frontrunning attacks in DAG-based blockchains, and potential countermeasures. - [Post](https://x.com/aniketpkate/status/1840821510920978940) by [Aniket Kate](https://www.cs.purdue.edu/homes/akate/) - [Research Directions for Verifiable Crypto-Physically Secure TEEs draft](https://github.com/sbellem/qtee/blob/wp/towards-cryptophysically-secure-tees-draft.pdf) by [Sylvain Bellemare](https://x.com/sbellem) explores methods to secure TEEs from physical attacks and reduce trust in chip manufacturers and cloud providers. - [Post](https://x.com/sbellem/status/1841549757426049298) by [Sylvain Bellemare](https://x.com/sbellem) - [Honest MEV: a Theoretical Perspective](https://ethresear.ch/t/honest-mev-a-theoretical-perspective/20550) by [Togzhan Barakbayeva](https://sites.google.com/view/btogzhan/about), [Soroush Farokhnia](http://soroush.farokhnia.me/), [Amir Goharshady](https://amir.goharshady.com/), and [Sergei Novozhilov](https://polka125.github.io/) discuss ways to optimize block building, showing success on [Bitcoin](https://hal.science/hal-03232783v2/file/OptimalMining.pdf) and[Cardano](https://hal.science/hal-04616639/file/main.pdf) but facing challenges with Ethereum’s transaction model. - [Aestus Timing Games as a Service](https://hackmd.io/@austonst-aestus/BJsvEoia6?tw) by [Aestus Relay](https://aestus.live/) describes the Aestus Relay’s approach to MEV-Boost timing games as a service, designed to close the gap between sophisticated and unsophisticated node operators. - [Thread](https://x.com/AestusRelay/status/1841322342158356513) by [Aestus Relay](https://aestus.live/) - [Debunking Common Misconceptions About Timeboost](https://medium.com/offchainlabs/debunking-common-misconceptions-about-timeboost-92d937568494) by [Ed Felten](https://www.cs.princeton.edu/~felten/) aims to clarify misconceptions about [Timeboost](https://github.com/OffchainLabs/timeboost-design)’s effects on MEV and transaction ordering in the Arbitrum ecosystem. - [LVR VS IL: the end-game for AMM design is the marriage between retail investors and liquidity providers](https://forum.cow.fi/t/lvr-vs-il-the-end-game-for-amm-design-is-the-marriage-between-retail-investors-and-liquidity-providers/2590) by[Andrea Canidio](https://andreacanidio.com/) describes how CoW AMM allows LPs to earn trading fees, minimizes portfolio volatility, and avoid impermanent loss. - [Thread](https://x.com/AndreaCanidio/status/1842166726403801562) by[Andrea Canidio](https://andreacanidio.com/) - [Proposer-Commitment Infrastructure in Ethereum](https://simbro.medium.com/proposer-commitment-infrastructure-in-ethereum-61ad3b31f05f) by[Simon Brown](https://x.com/orbmis) explores emerging out-of-protocol solutions for proposer commitments like inclusion lists, preconfirmations, and blockspace futures. - [My Journey Scaling Ethereum: Introduction to My Work with the PBS Foundation](https://mirror.xyz/spannos.eth/l3xg4wwtSh5PK2s8_hWXAkc4cueXKjnIeM6MLqWR9yk) by [Chris Spannos](https://x.com/cspannos) describes their research on optimizing PBS for L2s in order to address challenges related to MEV and decentralization. - [Post](https://x.com/cspannos/status/1836421983346581765) by [Chris Spannos](https://x.com/cspannos) - [On solo staking, local block building and blobs](https://ethresear.ch/t/on-solo-staking-local-block-building-and-blobs/20540) by [Toni Wahrstätter](https://toniwahrstaetter.com/) discuss the trade-offs related to increasing blob throughput and whether it should be pursued for Pectra. - [Inclusion list and out of protocol market risks](https://hackmd.io/@ttsao/il-market-risks) by[Terence Tsao](https://terencecha.in/) explores the challenges of inclusion list designs and the risks of out-of-protocol markets undermining transaction priority fees and not getting adoption. - [Transaction invalidation complexity in FOCIL](https://hackmd.io/@ttsao/tx-invalidation-complexity) by [Terence Tsao](https://terencecha.in/) documents transaction invalidation scenarios in [FOCIL](https://ethresear.ch/t/fork-choice-enforced-inclusion-lists-focil-a-simple-committee-based-inclusion-list-proposal/19870) and raises questions on how they could impact block producers or verifiers. - [Three Transactions, Making Two Unique Types of Sandwiches by Upgraded Jaredfromsubway.eth](https://eigenphi.substack.com/p/jaredfromsubway-uses-3-txs-for-2-types-of-sandwiches) by[EigenPhi](https://eigenphi.io/) describes the techniques used by Jaredfromsubway.eth to successfully execute Swap-JIT-, and Split-Front-Run sandwich attacks. - [Thread](https://x.com/EigenPhi/status/1841448115108544688) by [EigenPhi](https://eigenphi.io/) - [Why We Need to Fix DeFi: Addressing the CVMM Problem](https://mirror.xyz/0x929fCf268A62e684221f1e39B8b6ddA2f0dA4AeC/IwpSKCJkyGr80h6f9c7yBLG1mvYTpO_Kr9NiD3w-2So) by [Arrakis Finance](https://www.arrakis.fi/) highlights how MEV and intent-driven order flows are harming retail LPs, and how HOT AMM aims to protect LPs. - [Thread](https://x.com/ArrakisFinance/status/1841455189984743562) by [Arrakis Finance](https://www.arrakis.fi/) - [Thread](https://x.com/hilmarxo/status/1841519398000971999) by [Hilmar](https://x.com/hilmarxo) - [The Hybrid Order Type Automated Market Maker (HOT-AMM)](https://mirror.xyz/valantisxyz.eth/npjC6mMjAPBUEueNZ7dnqFpXskeZifDydPOzLOM3Wvg) by[Valantis Labs](https://www.valantis.xyz/) details how Private Market Makers are outcompeting AMMs by attracting more profitable order flow, and how HOT AMM is designed to mitigate LVR and protect LPs. - [Thread](https://x.com/ValantisLabs/status/1841129371899515158) by[Valantis Labs](https://www.valantis.xyz/) # Posts & Threads - [Azuki](https://www.azuki.com/) published a [thread](https://x.com/Azuki/status/1841906534151864557) announcing a collaboration with [Flashbots](https://www.flashbots.net/) to demonstrate how TEEs can enable novel interactive onchain experiences, and an upcoming live [Magic show](https://bobu.azuki.com/magicshow) on October 10th. - [Teleported Bobu post](https://x.com/BobuBeanFarmer/status/1841880501289701524) by [DGTL](https://x.com/dgtlemissions) - [Thread](https://x.com/hasufl/status/1841918806945681602) by @Hasu - [Thread](https://x.com/credzilla/status/1842115249388011864) by [Charlie G](https://x.com/Credzilla) - [Teleported dmarz post](https://x.com/distributedmarz/status/1842239902278172866) by [Charlie G](https://x.com/Credzilla) - @shea published a [thread](https://x.com/SheaKetsdever/status/1841122358804762810) exploring why a [38 ETH transaction](https://etherscan.io/tx/0x7cffb76cdeb451d42a2de10f85961162fbc628a9d6375cb5c793404bd589cc1c) was only included by a Flashbots builder, despite being visible in the mempool by other builders. - @stephen published a [series of threads](https://x.com/smlevin11/status/1838218484934721703) unraveling various searcher strategies via the [EigenPhi](https://eigenphi.io/) explorer. - [Day 7: Thor sandwich / arb combo](https://x.com/smlevin11/status/1841094981676646899) - [Day 8: Edges in Liquidations](https://x.com/smlevin11/status/1841452647594832163) - [Day 9: 1inch sandwiches](https://x.com/smlevin11/status/1841818367566471535) - [Day 10: ”Not exactly a swap, but actually a swap"-sandwich](https://x.com/smlevin11/status/1842178310035398924) - [MevRefund](https://x.com/MevRefund) published a [thread](https://x.com/MevRefund/status/1843007712516600318) to highlight how the searcher 0x991 frontran a seemingly [private shezmu hack](https://etherscan.io/tx/0x871ce0518bef66595ad5885a07d5699cbc71bffa7f8be732fc2565d087cb78ad) for 250 ETH, and a private [Mev Blocker transaction](https://etherscan.io/tx/0xd9fdc7d03eec28fc2453c5fa68eff82d4c297f436a6a5470c54ca3aecd2db17e) for another 249 ETH. - [Sylvain Bellemare](https://x.com/sbellem) published a [post](https://x.com/sbellem/status/1842072600165470231) exploring whether TEEs can be compared to ZKP, FHE, or MPC and discusses the challenges of creating verifiable, crypto-physically secure TEEs. # Talks & Discussions - [Recordings](https://youtube.com/playlist?list=PLCT9XCYpG7QA6v48s8uByoWHhEscR_Vra&si=6zHPEiqQ67AM8iGG) from [Epoch Singapore](https://www.epochsummit.com/event/epoch-singapore) and [Epoch Seoul](https://www.epochsummit.com/event/epoch-seoul) hosted by [moa](https://x.com/moa_moaagency) and [a41](https://www.a41.io/) have been uploaded with talks and panels on MEV, PBS, DEX design, and more. - [Enter the Dark Pool](https://www.youtube.com/watch?v=etjwvqD1KdI) by @Tomasz - [Redefining Transaction Speed](https://www.youtube.com/watch?v=10SM2Q5t3ns) with @tesa, Harry Gao, and [Kevin Lepsoe](https://x.com/lepsoe) - [Future of Block Building](https://www.youtube.com/watch?v=PbDGxjEJUmQ) with @tesa and [Max Resnick](https://x.com/MaxResnick1) - [BRAID: Implementing Multiple Concurrent Proposers in Ethereum](https://www.youtube.com/watch?v=Vb4o66cgLis) by [Max Resnick](https://x.com/MaxResnick1) - [How App-Specific Sequencing enables Fat-App Thesis](https://www.youtube.com/watch?v=iV1XhAA8AZo) by[Yuki Yuminaga](https://x.com/ballsyalchemist) - [Gas Markets: A New Era for Validators](https://www.youtube.com/watch?v=sf5tDNmJGXk) by [Kevin Lepsoe](https://x.com/lepsoe) - [Preconf from the Lens of Block Space Futures](https://www.youtube.com/watch?v=s2fCe0GH8x4) by Harry Gao - [Flashwares VIII: Dstack meets on-chain PCCS and ZK SNARK proofs of attestations](https://youtu.be/5slxiwZBcJ4?si=s6dumcgYmgk2XhuA) invites @socrates1024 to present [Dstack: speedrunning a p2p Confidential VM](https://collective.flashbots.net/t/dstack-speedrunning-a-p2p-confidential-vm/3876), and [Deli Gong](https://x.com/deligong) and[Chua Zheng Leong](https://x.com/melynx) to present [DCAP library v4](https://blog.ata.network/releasing-dcap-library-v4-a-unified-interface-to-verify-tees-on-chain-2f27538babb4), [On Chain PCCS](https://github.com/automata-network/automata-on-chain-pccs) and [DCAP Rust Library](https://github.com/automata-network/dcap-rs?tab=readme-ov-file). - [Forum post](https://collective.flashbots.net/t/flashwares-viii-dstack-meets-on-chain-pccs-and-zk-snark-proofs-of-attestations/3877) by @mateusz - [Indexer Podcast](https://x.com/indexed_pod): [The MEV Secrets You Don’t Know w/ Brontes [PBS Series EP3]](https://www.youtube.com/watch?v=gsKjyYa7u4U) invites [Joseph Noorchashm](https://x.com/jnoorchashm37) and [Ludwig](https://x.com/0xvanbeethoven) to discuss MEV, DEX design, and [Brontes](https://sorellalabs.xyz/dashboard). - [Thread](https://x.com/indexed_pod/status/1842240889474728194)by [Indexer Podcast](https://x.com/indexed_pod) - [Unaligned Day 2024](https://lu.ma/uldjsh9d):[The High Gwei to Hell](https://www.youtube.com/watch?v=x_03G4sCMMo) by[Max Resnick](https://twitter.com/maxresnick1) outlines the shortcomings of[EIP-1559](https://eips.ethereum.org/EIPS/eip-1559), and research on [Dynamic Transaction Fee Mechanism Design](https://www.mechanism.org/spec/04). - [The Rollup](https://therollup.co/): [App-Specific Sequencing (ASS) & LVR Technical Debate](https://www.youtube.com/watch?v=G2Cbh9z1ags) invites [Yuki Yuminaga](https://x.com/ballsyalchemist) and [Alex Nezbolin](https://x.com/0x94305) to discuss LVR, MEV, and Application-Specific Sequencing. - [Post](https://x.com/therollupco/status/1841577643659198726) by [The Rollup](https://therollup.co/) - [The Rollup](https://therollup.co/): [Are Based Rollups Really Based?](https://x.com/i/broadcasts/1BdGYENVomEGX) invites [BREAD](https://x.com/0xBreadguy), [Cecilia Zhang](https://x.com/ceciliaz030), [Sam Battenally](https://x.com/sam_battenally), and [mteam](https://x.com/mteamisloading) for a conversation on the current state of based rollups, their benefits, and how things might evolve from here. - [Post](https://x.com/0xbreadguy/status/1842455891913986343) by [BREAD](https://x.com/0xBreadguy) - [Intents and Cross-Chain Interoperability](https://x.com/anoma/status/1841495372037865488) with [apriori](https://x.com/apriori0x), [Hart Lambur](https://x.com/hal2001), [Sergey Gorbunov](https://sergeyg.tech/), [Arjun Bhuptani](https://x.com/arjunbhuptani), [0xkaiserkarel](https://x.com/0xkaiserkarel), [Arjun Chand](https://x.com/arjunnchand), and [Christopher Goes](https://x.com/cwgoes) discuss the intent landscape and cross-chain Interoperability. # Other - [Contribute to Xatu: Join the Community Data Collection Effort](https://ethpandaops.io/posts/contribute-to-xatu-data/) by [ethPandaOps](https://ethpandaops.io/) details how Ethereum home stakers can contribute data to the Xatu dataset securely and anonymously. - [Thread](https://x.com/ethpandaops/status/1842095656078393352) by [ethPandaOps ](https://ethpandaops.io/) * * * ✉ [**Sign up here**](https://flashbots.net/the-mev-letter) if you’d like to get The MEV Letter straight to your inbox! 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