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
- A look down Ethereum’s roadmap: The cases for FOCIL and multi-proposer schemes by Pranav Garimidi evaluates proposals like FOCIL and multi-proposer architecture as potential ways to improve CR and economic efficiency.
- On Blob Markets, Base Fee Adjustments and Optimizations by Toni Wahrstätter outlines 4 potential changes to the blob fee market along with their associated pros and cons.
- Ethereum Needs to Dream Bigger by Max Resnick argues that Ethereum must embrace more ambitious technical advancements such as SSF, MCP, and faster block times to overcome stagnation and remain competitive.
- Understanding Block Building Auctions by Fileverse interviews @sui414 on the current centralization in the block-building market and ongoing efforts to improve CR.
- Inside Block Building: Akaki Mamageishvili on Searcher Competition and MEV by Fileverse interviews Akaki Mamageishvili on block-building economics, searcher competition, and value distribution in the MEV supply chain.
- Built to Centralize: How Ethereum’s Winner-Take-All Design Creates a Centralization Crisis and Kills Innovation by EigenPhi explores how centralization in the builder market impacts validator rewards and network health.
- Credible Blocks – Security Guarantees in Block Building by @odyslam presents Credible Layer by Phylax Systems, a crypto-economic protocol enabling dapps to enforce custom invariants on every transaction that interacts with them.
- Consolidation incentives in Orbit SSF (draft) by Anders Elowsson provides an overview of how to design consolidation incentives in Orbit SSF.
- Tinker Tailor Soldier… Solver? by joshua examines limitations in existing cross-chain bridges, and explores future directions.
- Preconfs for interop? BroBoBo explains by BroBoBo details the mechanics of cross-rollup interoperability.
Posts & Threads
- @stephen continued the series of threads exploring successful searcher strategies:
- @stephen published a thread breaking down the differences between public and private trades, highlighting the reduced amount of MEV extracted from transactions sent to Flashbots Protect.
- albicodes published a thread outlining the use of TEEs to enhance privacy, scalability, and fairness in web3, including private smart contracts, secure DAO voting, and MEV mitigation.
- Justin Drake published a post announcing that the first based preconfirmation has been executed on mainnet.
Talks & Discussions
- Recordings from Devcon SEA (Day 1, 2, 3, 4) hosted by Ethereum Foundation have begun to be uploaded:
- ETH++: A roadmap to (real) decentralization in a world of centralized power by @phil
- Realizing the Rollup Centric Roadmap with Rollup-Boost by @dmarz
- Hardware Security: From Sand to Stone by @Quintus
- Ethereum and Robots by @Tomasz
- Sybil-Proof Mechanisms by @Christoph
- Paper: On sybil-proof mechanisms by Minghao Pan, Akaki Mamageishvili, and @Christoph
- Dark DAOs and Private Coordination by @sarah.allen
- Searcher Competition in Block Building by Akaki Mamageishvili
- Latency Advantage in CEX-DEX Arbitrage by Akaki Mamageishvili
- beam chain by Justin Drake
- Post by Justin Drake
- Beyond Multidimensional Fee Markets by Maryam Bahrani
- The Trustless Trade Supply Chain by Markus Schmitt
- What is the status of ePBS and its future iterations by Potuz
- Unifying Ethereum Through Intents and ERC-7683 by Hart Lambur
- Inclusion List Inevitable Tradeoffs by Terence Tsao
- Practical endgame on issuance policy by Anders Elowsson
- Why Ethereum’s Issuance Policy is [redacted]? By Ansgar Dietrichs and Caspar Schwarz-Schilling
- Maximum Viable Security (MVS) – a new issuance framework by Artem Kotelskiy
- Anti-Correlation Penalties by Toni Wahrstätter
- BRAID: Implementing Multiple Concurrent Proposers by Max Resnick
- Agent-based modeling of Execution Tickets by Pascal Stichler
- Exploring Auction Mechanisms in Protocol Design by Terence Tsao
- Decentralize your sequencer – A guide for L2’s by Joe Andrews
- Encrypted Mempools: a path to Ethereum L1 by Marc Harvey-Hill
- Wtf are based rollups and preconfs? by Jason Vranek
- A proposer’s perspective on preconfirmations: a new game in town? by Michael Moser
- Based Preconfirmations with MR-MEV-Boost by Lin Oshitani
- Next Generation Based Rollups: A Practical Approach to Unifying Ethereum by mteam
- Designing an End to End Solution for Based Preconfirmations by Ahmad Mazen Bitar and Anshu Jalan
- AltLayer Rollup Day: Rollup-Boost: The Next Stage Of Rollup Development by @bert explores progress on the rollup-centric roadmap and details how Rollup-Boost is built to enable next-gen rollup features.
- Bell Curve:
- Unichain and MEV On L2s invites @Hasu and Hayden Adams to discuss Unichain, Rollup-Boost, MEV on L2s, and more.
- Post by Bell Curve
- Solving Ethereum’s UX Challenges invites Hart Lambur and Dan Robinson for a conversation on ERC-7683, EIP-7702, Unichain, MEV, and more.
- Post by Bell Curve
- Unichain and MEV On L2s invites @Hasu and Hayden Adams to discuss Unichain, Rollup-Boost, MEV on L2s, and more.
- The Rollup: Is Beam Chain Good For Ethereum? invites Justin Drake to unpack the Beam Chain proposal designed to significantly reshape Ethereum’s CL.
- Post by The Rollup
- Bankless Summit: roadmap takes by Justin Drake shares additional details related to the Ethereum roadmap and the Beam Chain proposal.
- Additional recordings from CBER Crafting the Cryptoeconomy Conference hosted by Columbia University’s Center for Digital Finance and Technologies have been uploaded:
- Ethereum Interop Forum: Panel: L2 Interop Forum with Vitalik Buterin, Marcin Michalski, Nicolas Liochon, Ed Felten, Sandeep Nailwal, Haichen Shen, Mark Tyneway, Brecht Devos
Other
- Flashbox by Flashbots is an opinionated Confidential VM (CVM) base image built for Podman pod payloads with a focus on security balanced against TCB size, designed to give developers the simplest path to TDX VMs.
- TEE.CEO: When Solarpunk Meets Lunarpunk - The World’s First Schizo AI Catgirl CEO by @albicodes details the development of TEE.CEO at ETHGlobal Bangkok as an AI CEO with dual personalities running on two separate TEE architectures.
- Post by @albicodes
- Gas Network by Blocknative is a decentralized network designed to bring accurate cross-chain gas estimation data on-chain through the Gasnet Chain.
- Post by Gas Network
- Seeding the Next Generation of TEEs: Outcomes from the Stakeholder Meeting by Poetic Technologies shares takeaways from their first stakeholder meeting on Autonomous TEEs.
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