# The MEV Letter #60
**URL:** https://collective.flashbots.net/t/the-mev-letter-60/4003
**Category:** The Flashbots Ship
**Tags:** links, the-mev-letter
**Created:** [October 24, 2024, 7:42pm UTC](https://collective.flashbots.net/t/the-mev-letter-60/4003 "2024-10-24T19:42:10Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@Fred](https://collective.flashbots.net/u/Fred)
#### Post date: [October 24, 2024, 7:42pm UTC](https://collective.flashbots.net/t/the-mev-letter-60/4003/1 "2024-10-24T19:42:10Z")
_ **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
- [Quantifying the Value of Revert Protection](https://moallemi.com/ciamac/papers/revert-protection-2024.pdf) by [Brian Zhu](https://sites.google.com/view/brianzhu), [Xin Wan](https://x.com/xin__wan), [Ciamac C. Moallemi](https://moallemi.com/ciamac/), [Dan Robinson](https://x.com/danrobinson), and [Brad Bachu](https://x.com/BradBachu) presents a game-theoretic model to quantify the value of revert protection (RP) in priority auctions, and demonstrates that offering users RP can improve market efficiency and _increase_ total fee revenue.
- [Thread](https://x.com/ciamac/status/1848462535579849211) by [Ciamac C. Moallemi](https://moallemi.com/ciamac/)
- [Short Paper: Atomic Execution is Not Enough for Arbitrage Profit Extraction in Shared Sequencers](https://arxiv.org/abs/2410.11552) by [Maria Inês Silva](https://www.linkedin.com/in/maria-in%C3%AAs-silva-17605173/), and [Benjamin Livshits](https://x.com/convoluted_code) presents a model to assess arbitrage profits under atomic execution across two CPMM pools, and demonstrate that switching to atomic execution does not always improve profits.
- [Post](https://x.com/convoluted_code/status/1846572523518882008) by [Benjamin Livshits](https://x.com/convoluted_code)
- [Harvesting Layer-2 Yield: Suboptimality in Automated Market Makers](https://arxiv.org/abs/2410.10324) by [Krzysztof Gogol](https://x.com/krzysgogol), [Manvir Schneider](https://x.com/manv_sc), and [Benjamin Livshits](https://x.com/convoluted_code) explores the inefficiencies of LPing in AMMs, and details how L1 pools generally underperform pools on L2s, and staked ETH.
- [Thread](https://x.com/krzysgogol/status/1846825063628063075) by [Krzysztof Gogol](https://x.com/krzysgogol)
- [Post](https://x.com/convoluted_code/status/1846476997981053008) by [Benjamin Livshits](https://x.com/convoluted_code)
- [Cross-Rollup MEV: Non-Atomic Arbitrage Across L2 Blockchains](https://arxiv.org/abs/2406.02172) by [Krzysztof Gogol](https://x.com/krzysgogol), [Johnnatan Messias](https://x.com/johnnatan_me), [Deborah Miori](https://x.com/deborahmiori), [Claudio Tessone](https://www.linkedin.com/in/claudiotessone/), and [Benjamin Livshits](https://x.com/convoluted_code) has been updated with data analyzing price discrepancies across rollups, and non-atomic MEV.
- [Post](https://x.com/convoluted_code/status/1847201050660389082) by [Benjamin Livshits](https://x.com/convoluted_code)
- [Pricing Factors and TFMs for Scalability-Focused ZK-Rollups](https://arxiv.org/abs/2410.13277) by [Stefanos Chaliasos](https://stefanoschaliasos.github.io/), [Nicolas Mohnblatt](https://www.linkedin.com/in/thomaspocock/), [Assimakis Kattis](https://scholar.google.com/citations?user=a2IZIVMAAAAJ&hl=en), and [Benjamin Livshits](https://x.com/convoluted_code) explores proposed transaction fee mechanisms for ZK-Rollups and suggests alternative approaches for improved scalability and security.
- [Possible futures of the Ethereum protocol, part 2: The Surge](https://vitalik.eth.limo/general/2024/10/17/futures2.html) by [Vitalik Buterin](https://vitalik.eth.limo/) explores Ethereum’s strategy to scale via L2s and data availability sampling, while maintaining decentralization and security.
- [Possible futures of the Ethereum protocol, part 3: The Scourge](https://vitalik.eth.limo/general/2024/10/20/futures3.html) by[Vitalik Buterin](https://vitalik.eth.limo/) details centralization risks in Ethereum due to MEV, and discuss alternatives in block construction and staking economics.
- [Possible futures of the Ethereum protocol, part 4: The Verge](https://vitalik.eth.limo/general/2024/10/23/futures4.html) by [Vitalik Buterin](https://vitalik.eth.limo/) comments on advancements in stateless clients, Verkle trees, STARKs, SNARKs, and quantum resistance.
- [Introducing PBH: Priority Blockspace for Humans](https://world.org/blog/engineering/introducing-pbh-priority-blockspace-for-humans) by [World](https://world.org/) introduces World Chain’s mainnet launch, Priority Blockspace for Humans (PBH) and [Rollup-Boost](https://writings.flashbots.net/introducing-rollup-boost) for external block production.
- [Thread](https://x.com/liamihorne/status/1847070479150207117) by [Liam Horne](https://x.com/liamihorne)
- [A New Era of DeFi with App-Specific Sequencing](https://sorellalabs.xyz/writing/a-new-era-of-defi-with-ass) by [Yuki Yuminaga](https://x.com/ballsyalchemist) discusses how Application-Specific Sequencing enables dapps to take control of transaction ordering and mitigate MEV to protect users.
- [Thread](https://x.com/sorellalabs/status/1845886707255877975) by [Sorella Labs](https://sorellalabs.xyz/)
- [Thread](https://x.com/0xvanbeethoven/status/1846587739090858116) by [Ludwig](https://x.com/0xvanbeethoven)
- [The Reports of my Death are Greatly Exaggerated or Why Sequencer Decentralization Matters?](https://x.com/toghrulmaharram/status/1846108471088800123) by [Toghrul Maharramov](https://x.com/toghrulmaharram) argues that decentralization in rollups is crucial for achieving liveness, censorship resistance, and strong preconfirmation guarantees.
- [Practical endgame on issuance policy](https://ethresear.ch/t/practical-endgame-on-issuance-policy/20747) by [Anders Elowsson](https://x.com/weboftrees) outlines two potential reward curves for Ethereum’s issuance policy to stop staking growth while guaranteeing proper consensus incentives and positive incentives for small solo stakers.
- [Thread](https://x.com/weboftrees/status/1849102389900415303) by [Anders Elowsson](https://x.com/weboftrees)
- [Decentralising the trade supply chain](https://www.propellerheads.xyz/blog/decentralising-the-trade-supply-chain) by [Propeller Heads](https://www.propellerheads.xyz/) discusses how the complexity of DeFi’s trade supply chain drives centralization, and suggests simplifications to market making, solving, and trading.
- [Post](https://x.com/propellerswap/status/1849505354754740296) by [Propeller Heads](https://www.propellerheads.xyz/)
- [Trusted Execution Environments (TEEs) in Appchains](https://x.com/PolygonVentures/status/1846528550125416792) by [P2 Ventures](https://www.p2v.ventures/) explores the use of TEEs in chains like [Unichain](https://www.unichain.org/) to improve security and performance, while innovations like PUFs could eliminate reliance on chip manufacturers.
- [Post](https://x.com/sbellem/status/1846617992613785662) by [Sylvain Bellemare](https://x.com/sbellem)
- [Introducing Conduit G2: The World’s Most Powerful Sequencer](https://blog.conduit.xyz/introducing-conduit-g2-sequencer/) by [Andrew Huang](https://x.com/KAndrewHuang), [Henry Updegrave](https://blog.conduit.xyz/author/henry/) announces the launch of [Conduit G2](https://www.conduit.xyz/g2-sequencer), a high-performance sequencer that offers 50-100 Mgas/s throughput.
- [Thread](https://x.com/conduitxyz/status/1846567345864536468) by [Conduit](https://www.conduit.xyz/)
- [Thread](https://x.com/kandrewhuang/status/1846568399998190041) by [Andrew Huang](https://x.com/KAndrewHuang)
- [Titan, Beaver, and Rsync Gave 85% of Rewards to Validators. How Are These Two Searcher-Builders Holding on to 50%?](https://eigenphi.substack.com/p/titan-beaver-and-rsync-gave-85-of) by[EigenPhi](https://eigenphi.io/) examines how the searcher-builders Yoink and c0ffeebabe.eth manages to retain around 50% of their builder rewards, in contrast to other builders who pay validators 85%.
- [Thread](https://x.com/EigenPhi/status/1848741352537989224) by [EigenPhi](https://eigenphi.io/)
- [Upcoming Ethereum Upgrades & Catalysts](https://www.galaxy.com/insights/research/pectra-upgrade-and-other-eth-catalysts/) by[Christine Kim](https://x.com/christine_dkim) provides an overview of Pectra, including timeline, scope, and the impact on validators, network performance, and L2s.
- [HOT, the MEV-Aware AMM Built to Empower LPs, Is Live](https://mirror.xyz/0x929fCf268A62e684221f1e39B8b6ddA2f0dA4AeC/Q5IQ05cUEokyXi9gZ0BvEEq4t_9x6s9_QJKurgYcIqQ) by[Arrakis Finance](https://www.arrakis.fi/) announces the launch of [HOT](https://app.arrakis.fi/) as an intent-centric AMM built on [Valantis](https://www.valantis.xyz/), designed to minimize MEV and offer better returns for LPs.
- [Thread](https://x.com/arrakisfinance/status/1848411243151077800?s=52) by [Arrakis Finance](https://www.arrakis.fi/)
- [Thread](https://x.com/hilmarxo/status/1848421866559451159?s=52) by [Hilmar](https://x.com/hilmarxo)
- [Thread](https://x.com/kassandraeth/status/1848426707415433248?s=52) by [mrs kzg.eth](https://x.com/kassandraETH)
- [Thread](https://x.com/gluexprotocol/status/1848280741034983893) by [GlueX Protocol](https://gluex.xyz/)
- [How mev-commit’s Privacy Protocol Protects Intra-block MEV Information Leaks](https://primev.notion.site/How-mev-commit-s-Privacy-Protocol-Protects-Intra-block-MEV-Information-Leaks-98453f51bb344ddaa39b52f1259282a1) by[Primev](https://primev.xyz/) details how[mev-commit](https://github.com/primev/mev-commit) is designed to enable secure and private preconfirmations.
- [Thread](https://x.com/primev_xyz/status/1848397298352439423) by[Primev](https://primev.xyz/)
# Posts & Threads
- [Frieder Erdmann](https://twitter.com/fnerdman) published a [thread](https://x.com/fnerdman/status/1848959037385122058) outlining a TEE EVM as a new TEE built on the EVM for secure and private computation.
- [Mazh](https://x.com/mazh_lycan) published a [post](https://x.com/mazh_lycan/status/1846608765136613612) detailing how the [Azuki](https://www.azuki.com/) and [Flashbots](https://www.flashbots.net/) collaboration leverages TEEs to enable secure, private interactions, protecting users’ data and ensuring confidentiality.
- [Toni Wahrstätter](https://x.com/nero_eth) published a [post](https://x.com/nero_eth/status/1846786871998759141) to highlight the centralization of block building due to private order flow and its implications on censorship resistance and multi-slot MEV
- [Chorus One](https://chorus.one/) published a [post](https://x.com/ChorusOne/status/1846548194282582062) detailing how preconfirmations via [Commit-Boost](https://github.com/Commit-Boost/) will improve the speed, security, and reliability of transactions.
- [PBS Foundation](http://pbs.foundation) published a [thread](https://x.com/PBS_Foundation/status/1849217969752244610) to highlight their [curated list](https://pbsfoundation.notion.site/121b546e2d2580eea3a3e137c4f526b4?v=121b546e2d2580de9508000c1df5a0a5&pvs=4) of resources related to PBS and MEV.
# Talks & Discussions
- [Ethereum Singapore](https://ethereumsingapore.com/): [Gas Markets & Ethereum Hyperscaling](https://www.youtube.com/watch?v=YYjoFkfeUmE) with [Kevin Lepsoe](https://x.com/lepsoe), [Wee Howe Ang](https://www.linkedin.com/in/wee-howe-ang-87710440/), [Laszio Szabo](https://x.com/laszlo__szabo), and [Artemly Parshakov](https://x.com/parshakov2603) discuss gas markets, PBS, orderflow, and preconfirmations.
- [Indexed Podcast](https://x.com/indexed_pod): [Censorship Resistance w/ Thomas Thiery [PBS Series EP3]](https://www.youtube.com/watch?v=feT8kHgd1Zw) invites [Thomas Thiery](https://twitter.com/soispoke) to dive into censorship resistance, ILs, and the future of Ethereum.
- [Post](https://x.com/indexed_pod/status/1849459382213292184) by [Indexed Podcast](https://x.com/indexed_pod)
- [Autonomous TEE Stakeholder Meeting: Stakeholder Meeting](https://www.youtube.com/playlist?list=PL3-Jon9Yr_aX1VlLVOw1XKpJikcLbMBAn) invites [Zheng Leong Chua](https://x.com/melynx), [Tanmay Goel](https://www.linkedin.com/in/tanmay-goel-59a1981b5/), [Sylvain Bellemare](https://x.com/sbellem), and [Shelven Zhou](https://x.com/zhou49) to discuss the next generation of TEEs, and a joint effort to build secure, open-source TEEs to decentralize confidential computing.
- [Post](https://poeticte.ch/posts/poetic-intents.html) by [Poetic Technologies](https://x.com/Poetic_Tech)
- [The Gwart Show: Sequencing and Layers With Thogard](https://www.youtube.com/watch?v=rdXOI9gla5M) invites [Alex Watts](https://x.com/ThogardPvP) for a conversation on MEV, PBS, MCP, and [FastLane](https://www.fastlane.xyz/).
- [Post](https://x.com/blockspacepod/status/1848026364655628365) by [Blockspace Media](https://blockspace.media/)
- [The Rollup](https://therollup.co/): [How Espresso Aims To Solve The L2 Fragmentation Problem](https://www.youtube.com/watch?v=dQ_b_AKkPs4) invites [Ellie Davidson](https://x.com/ellierdavidson) to discuss how [Espresso](https://www.espressosys.com/)’s sequencing marketplace and fast finality layer are designed to enhance cross-chain composability while preserving sovereignty.
- [Into The Bytecode. Andrew Huang on Conduit and scaling onchain compute](https://www.youtube.com/watch?v=ny_erOvBe7s) invites[Andrew Huang](https://x.com/KAndrewHuang) to talk about parallelized architectures for smart contracts and scaling sequencer throughput to 1 Ggas/s.
- [Post](https://x.com/sinahab/status/1847281209497333779) by[Sina Habibian](https://x.com/sinahab)
- [Infinite Jungle: Understanding Anoma, An Intent Interface for Ethereum](https://youtu.be/h9VJcv9mvRA?si=uXLwWufUntlqpJ3F) invites [Adrian Brink](https://x.com/adrianbrink) to cover the timelines of [Namada](https://namada.net/) and [Anoma](https://anoma.net/), and how intent-based systems can address issues related to MEV and privacy.
# Other
- [Anoma](https://github.com/anoma/anoma) by [Anoma](https://anoma.net/) has been open-sourced as a reference implementation of the Anoma protocol.
- [Thread](https://x.com/anoma/status/1846565191401824589) by [Anoma](https://anoma.net/)
- [Q&A with Chris Spannos, Blockchain R&D Engineer](https://www.blockdaemon.com/blog/q-a-with-chris-spannos-blockchain-r-d-engineer) by [Conor Keville](https://twitter.com/KevilleConor) interviews [Chris Spannos](https://x.com/cspannos) to discuss Ethereum scaling, PBS, and their research into MEV on L2s.
- [A look back at MEV Shanghai](https://titaniaresear.ch/look-back-at-mev-shanghai) by [vita](https://x.com/keccak254) shares their reflections from [MEV Shanghai](https://github.com/0xpantarhei/MEV-Shanghai).
- [Xatu Execution Layer data now available](https://ethpandaops.io/posts/xatu-execution-layer/)by [Andrew Davis](https://twitter.com/savid) and [Sam Calder-Mason](https://twitter.com/samcmAU) announces the release of execution layer data from Ethereum genesis via [cryo](https://github.com/paradigmxyz/cryo) in the [Xatu dataset](https://github.com/ethpandaops/xatu-data).
- [Thread](https://x.com/ethPandaOps/status/1848999793852616817) by [ethPandaOps
](https://ethpandaops.io/)
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### Author:  [@guayabyte](https://collective.flashbots.net/u/guayabyte)
#### Post date: [October 28, 2024, 3:09pm UTC](https://collective.flashbots.net/t/the-mev-letter-60/4003/2 "2024-10-28T15:09:08Z")