# The MEV Letter #63

**URL:** https://collective.flashbots.net/t/the-mev-letter-63/4133
**Category:** The Flashbots Ship
**Tags:** the-mev-letter
**Created:** [November 20, 2024, 2:43pm UTC](https://collective.flashbots.net/t/the-mev-letter-63/4133 "2024-11-20T14:43:44Z")
**Posts on this page:** 1
**Page:** 1

<div class="post-metadata">

### 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: [November 20, 2024, 2:43pm UTC](https://collective.flashbots.net/t/the-mev-letter-63/4133/1 "2024-11-20T14:43:44Z")

</div>

_ **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.

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# Papers & Articles

- [A look down Ethereum’s roadmap: The cases for FOCIL and multi-proposer schemes](https://a16zcrypto.com/posts/article/ethereum-roadmap-focil-and-multi-proposers/) by [Pranav Garimidi](https://x.com/PGarimidi) evaluates proposals like [FOCIL](https://ethresear.ch/t/fork-choice-enforced-inclusion-lists-focil-a-simple-committee-based-inclusion-list-proposal/19870) and multi-proposer architecture as potential ways to improve CR and economic efficiency.
  - [Thread](https://x.com/PGarimidi/status/1856184541712449641) by [Pranav Garimidi](https://x.com/PGarimidi)

- [On Blob Markets, Base Fee Adjustments and Optimizations](https://ethresear.ch/t/on-blob-markets-base-fee-adjustments-and-optimizations/21024) by [Toni Wahrstätter](https://toniwahrstaetter.com/) outlines 4 potential changes to the blob fee market along with their associated pros and cons.
  - [Post](https://x.com/nero_eth/status/1858460235377336773?s=52) by [Toni Wahrstätter](https://toniwahrstaetter.com/)

- [Ethereum Needs to Dream Bigger](https://ethresear.ch/t/ethereum-needs-to-dream-bigger/20963) by[Max Resnick](https://twitter.com/maxresnick1) 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](https://devcon.fileverse.io/devcon7/portal/files/view/0x4c463f375873af08cc453182a9ecc85f) by[Fileverse](https://fileverse.io/) 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](https://devcon.fileverse.io/devcon7/portal/files/view/0x9233677a683d992676fcdf64865acd5c) by [Fileverse](https://fileverse.io/) interviews [Akaki Mamageishvili](https://x.com/kakia1989) 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](https://eigenphi.substack.com/p/how-ethereum-winner-take-all-design-fosters-centralization) by [EigenPhi](https://eigenphi.io/) explores how centralization in the builder market impacts validator rewards and network health.
  - [Thread](https://x.com/EigenPhi/status/1857634714456305754) by [EigenPhi](https://eigenphi.io/)

- [Credible Blocks – Security Guarantees in Block Building](https://collective.flashbots.net/t/credible-blocks-security-guarantees-in-block-building/4089) by @odyslam presents[Credible Layer](https://github.com/phylaxsystems/credible-layer-whitepaper) by[Phylax Systems](https://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)](https://notes.ethereum.org/@anderselowsson/Incentives_SSF) by [Anders Elowsson](https://x.com/weboftrees) provides an overview of how to design consolidation incentives in Orbit SSF.
- [Tinker Tailor Soldier… Solver?](https://mirror.xyz/joshbaker.eth/hJvylvB1ybVEEm-xTZPKbPAgxqhtLXS4PvuuzYfyjHs) by[joshua](https://x.com/joshuagunnn) examines limitations in existing cross-chain bridges, and explores future directions.
- [Preconfs for interop? BroBoBo explains](https://x.com/brobobo_bo_bobo/status/1858833773376475428) by[BroBoBo](https://x.com/brobobo_bo_bobo) details the mechanics of cross-rollup interoperability.

# Posts & Threads

- @stephen continued the [series of threads](https://x.com/smlevin11/status/1838218484934721703) exploring successful searcher strategies:
  - [Day 25: CEX-DEX](https://x.com/smlevin11/status/1856345733596885075)
  - [Day 26: Claim-Swap-Sell](https://x.com/smlevin11/status/1858529065977704544)

- @stephen published a [thread](https://x.com/smlevin11/status/1856707252662800481) breaking down the differences between public and private trades, highlighting the reduced amount of MEV extracted from transactions sent to [Flashbots Protect](https://protect.flashbots.net/).
- [albicodes](https://x.com/albicodes) published a [thread](https://x.com/albicodes/status/1856661973502669116) 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](https://twitter.com/drakefjustin) published a [post](https://x.com/drakefjustin/status/1857083454011101600) announcing that the first based preconfirmation has been [executed on mainnet](https://etherscan.io/nft/0x39690e9fcd726cbd767401788997b94507a9a073/0).
  - [Thread](https://x.com/fra_mosterts/status/1857290500275118539) by [Moncesco](https://x.com/fra_mosterts)

# Talks & Discussions

- [Recordings](https://www.youtube.com/@EthereumFoundation/videos) from [Devcon SEA](https://devcon.org/) (Day [1](https://www.youtube.com/playlist?list=PLaM7G4Llrb7yilk4qnKHJ0wentK2ZX1m3), [2](https://www.youtube.com/playlist?list=PLaM7G4Llrb7wM1xmLtuijKFnJcI8aY7Kf), [3](https://www.youtube.com/playlist?list=PLaM7G4Llrb7xd5YgLtBz0hNcMmEXSRcSH), [4](https://www.youtube.com/playlist?list=PLaM7G4Llrb7x_fgAUuPDU5r-HZd2g72ot)) hosted by [Ethereum Foundation](https://ethereum.org/) have begun to be uploaded:
  - [ETH++: A roadmap to (real) decentralization in a world of centralized power](https://www.youtube.com/watch?v=ySVYt6MUrHM) by @phil
  - [Realizing the Rollup Centric Roadmap with Rollup-Boost](https://www.youtube.com/watch?v=IYZiYFzIzKc) by @dmarz
  - [Hardware Security: From Sand to Stone](https://www.youtube.com/watch?v=LDGXAd14DJY) by @Quintus
  - [Ethereum and Robots](https://www.youtube.com/watch?v=SQzTSNurehU) by @Tomasz
  - [Sybil-Proof Mechanisms](https://www.youtube.com/watch?v=ifMRDZvV2kU) by @Christoph
    - Paper: [On sybil-proof mechanisms](https://arxiv.org/abs/2407.14485) by [Minghao Pan](https://scholar.google.com/citations?user=glJ6EesAAAAJ&hl=en), [Akaki Mamageishvili](http://mamageishvili.info/), and @Christoph

  - [Dark DAOs and Private Coordination](https://www.youtube.com/watch?v=iU-2dwVVagk) by @sarah.allen
  - [Searcher Competition in Block Building](https://www.youtube.com/watch?v=T_I7HYBIxZQ) by[Akaki Mamageishvili](https://x.com/kakia1989)
    - Paper: [Searcher Competition in Block Building](https://arxiv.org/pdf/2407.07474) by [Akaki Mamageishvili,](http://mamageishvili.info/) @Christoph, [Benny Sudakov](https://people.math.ethz.ch/~sudakovb/), and @sui414

  - [Latency Advantage in CEX-DEX Arbitrage](https://www.youtube.com/watch?v=9r7hmxQ8DTA) by [Akaki Mamageishvili](https://x.com/kakia1989)
  - [beam chain](https://www.youtube.com/watch?v=Gjuenkv1zrw) by[Justin Drake](https://twitter.com/drakefjustin)
    - [Post](https://x.com/drakefjustin/status/1855870222361891010) by[Justin Drake](https://twitter.com/drakefjustin)

  - [Beyond Multidimensional Fee Markets](https://www.youtube.com/watch?v=qf51v48KhH0) by[Maryam Bahrani](https://x.com/bahrani_maryam)
  - [The Trustless Trade Supply Chain](https://www.youtube.com/watch?v=9EPCog8GiiQ) by [Markus Schmitt](https://x.com/_haikane_)
  - [What is the status of ePBS and its future iterations](https://www.youtube.com/watch?v=w-VwYHq1FA4) by [Potuz](https://x.com/potuz_eth)
  - [Unifying Ethereum Through Intents and ERC-7683](https://www.youtube.com/watch?v=jjBxfIsTrLE) by [Hart Lambur](https://x.com/HartLambur)
  - [Inclusion List Inevitable Tradeoffs](https://www.youtube.com/watch?v=Z3au-5R2iiQ) by [Terence Tsao](https://terencecha.in/)
  - [Practical endgame on issuance policy](https://www.youtube.com/watch?v=m91Wu6-cdwk) by [Anders Elowsson](https://x.com/weboftrees)
  - [Why Ethereum’s Issuance Policy is [redacted]?](https://www.youtube.com/watch?v=cUgKXBq017g) By [Ansgar Dietrichs](https://twitter.com/adietrichs) and [Caspar Schwarz-Schilling](https://twitter.com/casparschwa)
  - [Maximum Viable Security (MVS) – a new issuance framework](https://www.youtube.com/watch?v=Cjr2ZEzNocc) by [Artem Kotelskiy](https://artofkot.xyz/)
  - [Anti-Correlation Penalties](https://www.youtube.com/watch?v=0O_cae7X03o) by [Toni Wahrstätter](https://toniwahrstaetter.com/)
    - [EIP-7716](https://eips.ethereum.org/EIPS/eip-7716) by [dapplion](https://x.com/dapplion), [Toni Wahrstätter](https://toniwahrstaetter.com/) and [Vitalik Buterin](https://vitalik.eth.limo/)

  - [BRAID: Implementing Multiple Concurrent Proposers](https://www.youtube.com/watch?v=9A4BZRoYE_U) by [Max Resnick](https://twitter.com/maxresnick1)
  - [Agent-based modeling of Execution Tickets](https://www.youtube.com/watch?v=MZ6Utygec20) by [Pascal Stichler](https://x.com/pascalstichler)
  - [Exploring Auction Mechanisms in Protocol Design](https://www.youtube.com/watch?v=rd7f7697yoY) by[Terence Tsao](https://terencecha.in/)
  - [Decentralize your sequencer – A guide for L2’s](https://www.youtube.com/watch?v=UmvxGOLEMLc) by [Joe Andrews](https://x.com/jaosef)
  - [Encrypted Mempools: a path to Ethereum L1](https://www.youtube.com/watch?v=mUoWwRoHrvk) by [Marc Harvey-Hill](https://x.com/marchhill1)
  - [Wtf are based rollups and preconfs?](https://www.youtube.com/watch?v=WiKPlNGrUzU) by [Jason Vranek](https://x.com/jasnoodle)
  - [A proposer’s perspective on preconfirmations: a new game in town?](https://x.com/mostlyblocks) by[Michael Moser](https://x.com/mostlyblocks)
  - [Based Preconfirmations with MR-MEV-Boost](https://www.youtube.com/watch?v=fo2xDLSst_M) by[Lin Oshitani](https://x.com/linoscope)
  - [Next Generation Based Rollups: A Practical Approach to Unifying Ethereum](https://www.youtube.com/watch?v=Ier_f5V4_ow) by[mteam](https://x.com/mteamisloading/)
  - [Designing an End to End Solution for Based Preconfirmations](https://www.youtube.com/watch?v=70xIIrGXDSo) by [Ahmad Mazen Bitar](https://www.linkedin.com/in/ahmad-mazen-bitar-45b1455a/) and [Anshu Jalan](https://x.com/aj_jalan)

- [AltLayer Rollup Day](https://rollupday.altlayer.io/): [Rollup-Boost: The Next Stage Of Rollup Development](https://www.youtube.com/watch?v=1m-J3cRcBjE) by @bert explores progress on the rollup-centric roadmap and details how [Rollup-Boost](https://writings.flashbots.net/introducing-rollup-boost) is built to enable next-gen rollup features.
- [Bell Curve](https://x.com/thebellcurvepod):
  - [Unichain and MEV On L2s](https://www.youtube.com/watch?v=EmkwyVe04kY) invites @Hasu and [Hayden Adams](https://x.com/haydenzadams) to discuss [Unichain](https://www.unichain.org/), [Rollup-Boost](https://writings.flashbots.net/introducing-rollup-boost), MEV on L2s, and more.
    - [Post](https://x.com/thebellcurvepod/status/1856727237166334033) by [Bell Curve](https://x.com/thebellcurvepod)

  - [Solving Ethereum’s UX Challenges](https://www.youtube.com/watch?v=a01tzYS43J8) invites [Hart Lambur](https://x.com/HartLambur) and [Dan Robinson](https://x.com/danrobinson) for a conversation on [ERC-7683](https://www.erc7683.org/), [EIP-7702](https://eips.ethereum.org/EIPS/eip-7702), [Unichain](https://www.unichain.org/), MEV, and more.
    - [Post](https://x.com/thebellcurvepod/status/1857812128721416429) by[Bell Curve](https://x.com/thebellcurvepod)

- [The Rollup](https://therollup.co/): [Is Beam Chain Good For Ethereum?](https://www.youtube.com/watch?v=h_qiFdUSzRg) invites [Justin Drake](https://twitter.com/drakefjustin) to unpack the [Beam Chain](https://www.youtube.com/watch?v=Gjuenkv1zrw) proposal designed to significantly reshape Ethereum’s CL.
  - [Post](https://x.com/therollupco/status/1858628995392147641) by [The Rollup](https://therollup.co/)

- [Bankless Summit](https://lu.ma/0bpju5ic?tk=jXwQk5): [roadmap takes](https://www.youtube.com/watch?v=8mJDt8TGebc) by [Justin Drake](https://twitter.com/drakefjustin) shares additional details related to the Ethereum roadmap and the [Beam Chain](https://www.youtube.com/watch?v=Gjuenkv1zrw) proposal.
- [Additional recordings](https://www.youtube.com/@cberforum/videos) from[CBER Crafting the Cryptoeconomy Conference](https://ctce.cber-forum.org/) hosted by[Columbia University’s Center for Digital Finance and Technologies](https://godigital.engineering.columbia.edu/) have been uploaded:
  - [OFA Ecosystem in Cryptoeconomy](https://www.youtube.com/watch?v=icOA4HVLvAo) by [Brad Bachu](https://x.com/BradBachu)
  - [Privacy in the Cryptoeconomy](https://www.youtube.com/watch?v=f_KnEdLA774) by [Michael Junho Lee](https://www.michaeljunholee.com/), [Anders Brownworth](https://andersbrownworth.com/), [Fabian Schär](https://x.com/fschaer), and [Jiasun Li](https://x.com/mysteryfigure)
  - [Regulation of Decentralized Exchanges (DEXs)](https://www.youtube.com/watch?v=t1_PSs7js40) by [Troy A. Paredes](https://www.linkedin.com/in/troy-a-paredes-1b731378/)

- [Ethereum Interop Forum](https://www.ethinteropforum.com/): [Panel: L2 Interop Forum](https://www.youtube.com/watch?v=VCxv1s_hz54) with [Vitalik Buterin](https://vitalik.eth.limo/), [Marcin Michalski](https://www.linkedin.com/in/marcin-cyfra-michalski/), [Nicolas Liochon](https://x.com/nkeywal), [Ed Felten](https://x.com/EdFelten), [Sandeep Nailwal](https://x.com/sandeepnailwal), [Haichen Shen](https://x.com/shenhaichen), [Mark Tyneway](https://x.com/tyneslol), [Brecht Devos](https://x.com/Brechtpd)

# Other

- [Flashbox](https://github.com/flashbots/flashbox) by [Flashbots](https://www.flashbots.net/) 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.
  - [Post](https://x.com/fnerdman/status/1857477277086527785) by @fnerdman

- [TEE.CEO: When Solarpunk Meets Lunarpunk - The World’s First Schizo AI Catgirl CEO](https://collective.flashbots.net/t/tee-ceo-when-solarpunk-meets-lunarpunk-the-worlds-first-schizo-ai-catgirl-ceo/4112) by @albicodes details the development of TEE.CEO at [ETHGlobal Bangkok](https://ethglobal.com/events/bangkok) as an AI CEO with dual personalities running on two separate TEE architectures.
  - [Post](https://x.com/albicodes/status/1858892287872561510) by @albicodes

- [Gas Network](https://gas.network/) by [Blocknative](https://www.blocknative.com/) is a decentralized network designed to bring accurate cross-chain gas estimation data on-chain through the [Gasnet Chain](https://gasnetwork.notion.site/Gas-Network-130482c561ef807fb2ddc404541557cc).
  - [Post](https://x.com/gasdotnetwork/status/1856726316541948186) by [Gas Network](https://gas.network/)

- [Seeding the Next Generation of TEEs: Outcomes from the Stakeholder Meeting](https://poeticte.ch/posts/stakeholders-meeting.html) by [Poetic Technologies](https://poeticte.ch/) shares takeaways from their first stakeholder meeting on Autonomous TEEs.

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