# The MEV Letter #66

**URL:** https://collective.flashbots.net/t/the-mev-letter-66/4242
**Category:** The Flashbots Ship
**Tags:** the-mev-letter
**Created:** [December 16, 2024, 10:40pm UTC](https://collective.flashbots.net/t/the-mev-letter-66/4242 "2024-12-16T22:40:57Z")
**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: [December 16, 2024, 10:40pm UTC](https://collective.flashbots.net/t/the-mev-letter-66/4242/1 "2024-12-16T22:40:57Z")

</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.

* * *

# Papers & Articles

- [mev-commit whitepaper](https://drive.google.com/file/d/1c--a2f1Wc7Y3hbpUqHLP0mTZlo-ycOOd/view) by [Primev](https://primev.xyz/) introduces _insured commitments_ as a way to enable robust guarantees for preconfirmations, instant cross-chain bridging, and more.
  - [Thread](https://x.com/primev_xyz/status/1866134702089982258) by [Primev](https://primev.xyz/)

- [Introduction to MEV Mitigation](https://mirror.xyz/julianma.eth/rcXa7B5y14tbfFWwOqSVHcNOzzmNKOG0EfZJAn_qom4) by [Julian Ma](https://x.com/_julianma) explores efforts to mitigate MEV through in-protocol and out-of-protocol techniques, detailing their limitations, trade-offs, and impact.
  - [Thread](https://x.com/_julianma/status/1866878447869452797) by [Julian Ma](https://x.com/_julianma)

- [Agent-based Simulation of Execution Tickets](https://ethresear.ch/t/agent-based-simulation-of-execution-tickets/21254) by [Pascal Stichler](https://x.com/pascalstichler) evaluates the design space of ETs, analyzing their potential to improve validator decentralization and MEV mitigation.
  - [Thread](https://x.com/ephemalabs/status/1866855830810689897) by [ephema](https://www.ephema.io/)
  - [Workshop: Agent-based modeling of Execution Tickets](https://www.youtube.com/watch?v=MZ6Utygec20) by [Pascal Stichler](https://x.com/pascalstichler)

- [Bringing privacy to EVM applications using confidential computing via co-processors](https://ethresear.ch/t/bringing-privacy-to-evm-applications-using-confidential-computing-via-co-processors/21217) by[Nitanshu Lokhande](https://www.linkedin.com/in/nitanshu-lokhande/) and[Rishabh Gupta](https://x.com/rishotics) explores ways to incorporate privacy into existing Defi applications using PETs like FHE.
- [ERC-7683: Unifying Ethereum With Cross-Chain Intents](https://research.2077.xyz/erc-7683-unifying-ethereum-with-cross-chain-intents#introduction) by [Arbnom](https://twitter.com/arbnom) outlines how [ERC-7683](https://www.erc7683.org/) creates a unified framework for defining, disseminating, and settling cross-chain intents.
  - [Thread](https://x.com/2077Research/status/1867232529696391650) by [2077 Research](https://research.2077.xyz/)

- [Inclusion List Committee Selection in FOCIL](https://hackmd.io/@ttsao/il-committee-selection) by [Terence Tsao](https://terencecha.in/) compares three potential approaches for selecting an inclusion list committee in [FOCIL](https://eips.ethereum.org/EIPS/eip-7805).
- [Verifiable Autonomy: Engineering Trust Between Humans and AI Agents through TEEs](https://www.freysa.ai/blueprint/verifiable-autonomy-engineering-trust-between-humans-and-ai-agents-through-tees) by [Freysa](https://www.freysa.ai/) outlines a framework to verify AI agent autonomy using TEEs.

# Posts & Threads

- [Logarithmic Rex](https://x.com/LogarithmicRex) published a[thread](https://x.com/LogarithmicRex/status/1867594181071556827) exploring shared sequencing, based rollups, and other techniques to sequence transactions on rollups.
- [Nixo.eth](https://x.com/nixorokish) published a[thread](https://twitter.com/nixorokish/status/1867674374360510524) summarizing the[R&D-workshops](https://github.com/ethereum/pm/tree/devconsea-notes/Breakout-Room-Meetings/DevconSEA/R%26D-workshop) hosted by [Ethereum Foundation](https://ethereum.org/) before and after [Devcon SEA](https://devcon.org/) on topics such as[ePBS](https://github.com/ethereum/pm/blob/devconsea-notes/Breakout-Room-Meetings/DevconSEA/R%26D-workshop/Proposer-Builder-Separation.md),[FOCIL](https://github.com/ethereum/pm/blob/devconsea-notes/Breakout-Room-Meetings/DevconSEA/R%26D-workshop/FOCIL.md),[SSF](https://github.com/ethereum/pm/blob/devconsea-notes/Breakout-Room-Meetings/DevconSEA/R%26D-workshop/Single-Slot-Finality.md), and more.
- [Toni Wahrstätter](https://x.com/nero_eth) published a [thread](https://x.com/nero_eth/status/1867158840715993549) arguing for validators to raise the gas limit to 36M.
- [Dankrad Feist](https://x.com/dankrad) published a [thread](https://x.com/dankrad/status/1867078641118789787) explaining how the gas limit is set by validators, and the recent support for raising it to 36M.

# Talks & Discussions

- [Columbia CryptoEconomics (CCE) Workshop 2024](http://columbiacryptoeconomics.org/) hosted by [Briger Family Digital Finance Lab at Columbia Business School](https://business.columbia.edu/dfi/labs/briger-family-digital-finance-lab), [School of Engineering and Applied Science at Columbia University](https://www.engineering.columbia.edu/), and [Ethereum Foundation](https://ethereum.org/):
  - [Priority is All You Need](https://www.youtube.com/watch?v=oStf2Dhlmvo&t=450s) by [Dan Robinson](https://x.com/danrobinson)
  - [Lazy Sequencing Rules for Rollups](https://www.youtube.com/watch?v=oStf2Dhlmvo&t=2207s) by [Itamar Reif](https://x.com/itamarreif)
  - [PROF: Protected Order Flow in a Profit-Seeking World](https://www.youtube.com/watch?v=GxkQb46__cU&t=41s) by [Ari Juels](https://www.arijuels.com/)
  - [Directions in L2 MEV Minimization](https://youtu.be/GxkQb46__cU?si=UJhE9Uh1vAGy2t87&t=2038) by @dmarz
  - [Attributing Block Value](https://www.youtube.com/watch?v=x-RgN_hmrdQ&t=160s) by @Quintus
  - [Absolute Commitments, Game-theoretic Attacks on the Fundamental Functioning of Blockchain Infrastructure](https://www.youtube.com/watch?v=x-RgN_hmrdQ&t=535s) by [Daji Landis](https://www.linkedin.com/in/daji-landis-03157b15a/)
  - [Centralization in Attester-Proposer Separation](https://youtu.be/x-RgN_hmrdQ?si=5ZsH-T5WpwV77jOV&t=949) by [Max Resnick](https://twitter.com/maxresnick1)
  - [Searching in TDX](https://www.youtube.com/watch?v=x-RgN_hmrdQ&t=1348s) by @angelfish
  - [L2 Asset Interoperability via Two-way Canonanical Bridging](https://www.youtube.com/watch?v=x-RgN_hmrdQ&t=1786s) by [Wei Dai](https://wdai.us/)
  - [Futarchy, Today](https://www.youtube.com/watch?v=x-RgN_hmrdQ&t=2194s) by [Alex Hajjar](https://www.linkedin.com/in/alexandrehajjar/)
  - [Bitcoin Staking](https://www.youtube.com/watch?v=jtXpVuC2rj4&t=26s) by [David Tse](https://davidtse.io/)
  - [Robust Restaking Networks](https://www.youtube.com/watch?v=jtXpVuC2rj4&t=1851s) by [Naveen Durvasula](https://ndurvasula.com/)
  - [Mesh Security](https://www.youtube.com/watch?v=jtXpVuC2rj4&t=3460s) by [Sunny Aggarwal](https://www.sunnya97.com/)
  - [The Economics of Censorship Resistance and MCP](https://www.youtube.com/watch?v=iuLRi2QYVCQ&t=97s) by [Mallesh Pai](https://sites.google.com/view/malleshpai/)
  - [Brave New World Computer (the Future of CR on Ethereum)](https://www.youtube.com/watch?v=iuLRi2QYVCQ&t=2179s) by [Thomas Thiery](https://x.com/soispoke)
  - [FOCIL/BRAID](https://www.youtube.com/watch?v=iuLRi2QYVCQ&t=3830s) by [Pranav Garimidi](https://x.com/pgarimidi)
  - [Revisiting the Primitives of Transaction Fee Mechanism Design](https://www.youtube.com/watch?v=LgrzuKZGuw4&t=26s) by [Matt Weinberg](https://www.cs.princeton.edu/~smattw/)
  - [Transaction Execution Mechanisms](https://www.youtube.com/watch?v=LgrzuKZGuw4&t=1940s) by [Abdou Ndiaye](https://www.abdoulayendiaye.com/)
  - [What Is EIP-1559 (and 4844) Actually Doing?](https://www.youtube.com/watch?v=LgrzuKZGuw4&t=3722s) by [Theo Diamandis](https://theodiamandis.com/)
  - [Fair Combinatorial Auction for Trade Intents](https://www.youtube.com/watch?v=bN2s8sZhKpM&t=33s) by [Andrea Canidio](https://andreacanidio.com/)
  - [A Review of the Current Intents Landscape: Striving for User-Friendliness and Mass Adoption of Crypto](https://www.youtube.com/watch?v=bN2s8sZhKpM&t=1885s) by [Omar Zaki](https://x.com/0xbrainjar)
  - [Building a Trustless Async Program Compiler for Fun and Profit](https://www.youtube.com/watch?v=bN2s8sZhKpM&t=3102s) by [Sam Hart](https://x.com/hxrts)
  - [Secure Cross-Rollup Communication with the Scroll Interop Gadget](https://www.youtube.com/watch?v=bN2s8sZhKpM&t=5392s) by [Sarah Azouvi](https://sazouvi.com/)
  - [Maximum Viable Security (MVS): a New Framework for Ethereum Issuance](https://www.youtube.com/watch?v=ENQR4J1O_jI&t=77s) by [Artem Kotelskiy](https://artofkot.xyz/)
  - [Macro Panel](https://www.youtube.com/watch?v=RSRp2N3Zs_U) with [Jon Charbonneau](https://x.com/jon_charb), [Dankrad Feist](https://dankradfeist.de/), [Justin Drake](https://twitter.com/drakefjustin), [Jonah Burian](https://x.com/_jonahb_), and [Max Resnick](https://twitter.com/maxresnick1)
    - [Notes](https://x.com/avizurlo/status/1864824996121460940) by [=avi;](https://x.com/avizurlo)

  - [Notes](https://docs.fileverse.io/0x52CEb63C5ec124d28f228bB38d65EC623c4Fa6Ce/0#key=4T1CCMNdkpGnQlWGVMQoe7cQbaviYBt58lq7InQeHapnIXa7WDFTnxFS0e5J1nRM) by [Barnabé Monnot](https://barnabemonnot.com/)

- [The Twenty-Fifth ACM Conference on Economics and Computation (EC’24)](https://ec24.sigecom.org/index.html) hosted by [SIGecom](https://sigecom.org/):
  - Tutorial: Transaction Fee Mechanism Design
    - [Part 1: TFMs for a Single Block](https://youtu.be/XMUXrBUFCHY?si=4jBoINpED5Uq7Vag) by [Hao Chung](https://chunghao.github.io/)
    - [Part 2: Dynamics TFMs](https://youtu.be/9JIQsAJ4-UI?si=4fkEAKIr92Ni9VTi) by [Matheus V. X. Ferreira](https://sites.google.com/view/matheusvxf/bio)
    - [Part 3: Extensions to the TFM frameworks](https://youtu.be/dyLy6wAxPUU?si=73DqbIYGVaOxndJe) by [Yotam Gafni](https://www.yotamgafni.com/)

  - Tutorial: Automated Market Makers
    - [Part 1: AMMs and the multiple facets of LVR](https://youtu.be/Fff1QDI1ChU?si=OLzOuC5sJSwMGp5g) by [Jason Milionis](https://jasonmili.github.io/)
    - [Part 2: Mathematical characterization of the design space](https://youtu.be/N1dle8qtUbE?si=_JnpQm1_bMErcdob) by [Ciamac Moallemi](https://x.com/ciamac)
    - [Part 3: Characterizing LVR in a Black-Scholes-style model](https://youtu.be/amNMZznnfRo?si=adMRu_yLP4JfVqhV) by [Tim Roughgarden](https://timroughgarden.org/)

  - [(De)centralization of Ethereum’s builder market](https://youtu.be/sdsBIUlXphQ?si=975hLWUHnO5mqhMO) by [Fan Zhang](https://www.fanzhang.me/)
  - [MEV, Blockspace Allocation and Tullock Contests](https://youtu.be/xIhMWcZqcQ0?si=g8O49O7wGYwulLbk) by [Tim Roughgarden](https://timroughgarden.org/)
  - [Beyond Multi-Dimensional Fee Markets](https://youtu.be/UtYj_U0Ya8U?si=HJYfypDgCNXRWjc4) by [Naveen Durvasula](https://ndurvasula.com/)
  - [Multidimensional Blockchain Fees are (Essentially) Optimal](https://youtu.be/sJMk2ozpN6Q?si=6Q_7Jt5tP3TerUV6) by [Guillermo Angeris](https://angeris.github.io/)
  - [Loss-Versus Fair: Efficiency of Dutch Auctions on Blockchains](https://youtu.be/LmUA76pkIB8?si=x2jx3EVMNyikRn9p) by [Ciamac Moallemi](https://x.com/ciamac)
  - [Optimal automated market makers:Differentiable economics and strong duality](https://youtu.be/-9jVm-srPY0?si=Tx9H1umu2c3wvgA5) by [Zhou Fan](https://zhoufan.me/)
  - [A General Theory of Liquidity Provisioning for Automated Market Makers](https://youtu.be/JWsXMNSOygA?si=iSMdCRogN_65JIX5) by [Adithya Bhaskara](https://officialadithya.github.io/)
  - [Revisiting the Primitives of Transaction Fee Mechanism Design](https://youtu.be/XLXuWYj9lCc?si=65G8mU2PKTON8Mw2) by [Clayton Thomas](https://clathomasprime.github.io/)
  - [The Geometry of Constant Function Market Makers](https://youtu.be/10DPU7ye3z4?si=TLptSmsoy80XUQmN) by [Guillermo Angeris](https://angeris.github.io/)
  - [Collusion-Resilience in Transaction Fee Mechanism Design](https://youtu.be/3hE7EjM4e_o?si=AObapP0LPGiretns) by [Hao Chung](https://chunghao.github.io/)
  - [Barriers to Collusion-resistant Transaction Fee Mechanisms](https://youtu.be/kRztsmIGZCA?si=ZQT77EtEHvZr5oQU) by [Yotam Gafni](https://www.yotamgafni.com/)

- [Intents & Chain Abstraction Summit](https://lu.ma/m1cpw7am) hosted by [OneBalance](https://www.onebalance.io/) and [Anoma](https://anoma.net/):
  - [Chain-Free Web3](https://youtu.be/7yIyukTRg0E?si=6OzJ0zOh4-b946Xt) by [Stephane Gosselin](https://twitter.com/thegostep)
  - [Panel: WTF is Cross Chain AA](https://youtu.be/e8cCjsnKH0Q?si=Qr4Zjud4ZJeSU5VN) with [Ankit Chiplunkar](https://x.com/ankitchiplunkar), [Will Hennessy](https://x.com/WillHennessy_), [TABASCOweb3](https://x.com/TABASCOweb3), [danielb.eth](https://x.com/daniel_bmn), and [bryce](https://x.com/sadbryce)
  - [Panel: WTF Are General Intents?](https://youtu.be/uvuGPPyQC0I?si=4hPk2EM4K5jiDvGX) with [Adrian Brink](https://x.com/adrianbrink), [apriori](https://x.com/apriori0x), [Kevin Wang](https://twitter.com/knwang), [Simon](https://x.com/simonr0204), and [0xkaiserkarel](https://x.com/0xkaiserkarel)
  - [Panel: Chain Abstracted Apps](https://youtu.be/oXX8EUIGEPM?si=AlDmYrIul4iRuEbz) with [Euclid](https://x.com/euclid_ob), [Dev](https://x.com/valardragon), [Alexander](https://x.com/stabiliseret), [Matt Rice](https://x.com/mrice32), [Vaibhav](https://x.com/vaibhavchellani), [Jed](https://x.com/jedwatson), and Tellus
  - [Panel: Intent-Centric Applications Beyond DeFi](https://youtu.be/k7RYPXGwPwk?si=RZfGxRJIXb8_2iXT) with [apriori](https://x.com/apriori0x), [Nathan Worsley](https://nathanworsley.com/), [Michael Ruzic-Gauthier](https://www.linkedin.com/in/michael-ruzic-gauthier), @sxysun , and [Julio Linares](https://youtu.be/KOxGVfQUrLo?si=l-UcZfoOsox-7Kb7)
  - [Anoma’s Roadmap to Mainnet](https://youtu.be/9FjsrLK9PLg?si=fGnESvt5LkMl07uq) by [Christopher Goes](https://x.com/cwgoes)
  - [Panel: Spicy Chain Abstraction](https://youtu.be/VIZ94t_k79E?si=VvRkCfAy7mXB_o2Z) with [Christopher Goes](https://x.com/cwgoes), [Dev](https://x.com/valardragon), and [Sam Hart](https://x.com/hxrts)
  - [Panel: Intents & Solvers Are Just ASS (App Specific Sequencing)](https://youtu.be/LHpybw9xHCA?si=XZjbd7C9spcn2Agp) with [Dex Chen](https://x.com/dex_chen_V), [Ludwig Thouvenin](https://x.com/0xvanbeethoven), [Lily Johnson](https://x.com/lobstermindset), and [apriori](https://x.com/apriori0x)
  - [Panel: The Future of Solving](https://youtu.be/jlA0vO2PKyU?si=kB_ptgLeB8Srz8b-) with [Connor](https://x.com/connor_enso), [Peter](https://x.com/ptrwtts), [Katia Banina](https://x.com/katiabanina), [Philipp Zentner](https://x.com/PhilippZentner), and [Markus Schmitt](https://x.com/_haikane_)
  - [Panel: Superchain vs Chain Abstraction](https://youtu.be/JgLSbLyOTeE?si=2QZLa65kZbKiVrDi) with [Daniel Worsley,](https://x.com/DanielWorsley_) [Arjun](https://x.com/arjunbhuptani), and [Noah Pravecek](https://x.com/noah_pravecek)
  - [Unifying Ethereum Through Intents and ERC 7683](https://youtu.be/XQfejPGydFA?si=pxZ0mQGEER16hwXa) by [Hart Lambur](https://x.com/hal2001)
  - [Panel: Intents vs AMB / GMP](https://youtu.be/pF_5FPv_spM?si=uj1v2AwjMAdpFxSt) with [Hart Lambur](https://x.com/hal2001), [Arjun](https://x.com/arjunnchand), [Philipp Zentner](https://x.com/PhilippZentner), and [os](https://x.com/os_presso)
  - [Panel: Intents & Chain Abstraction Endgame](https://youtu.be/SKUzfiRZo8A?si=tkt0SNREffXs-lov) with [Stephane Gosselin](https://twitter.com/thegostep), [Sam Hart](https://x.com/hxrts), [apriori](https://x.com/apriori0x), [Peter](https://x.com/ptrwtts), [Christopher Goes](https://x.com/cwgoes), and [Hart Lambur](https://x.com/hal2001)
    - [Notes](https://x.com/OneBalance_io/status/1867955218601984465) by [OneBalance](https://www.onebalance.io/)

  - [Notes](https://x.com/apriori0x/status/1856537453001109710) by [apriori](https://x.com/apriori0x)

- [FOCIL Break Out Room 1](https://www.youtube.com/watch?v=SOt-rNDlsRU) hosted by [Thomas Thiery](https://x.com/soispoke) discussed coordinating efforts related to implementing [EIP-7805](https://eips.ethereum.org/EIPS/eip-7805), aiming to have a devnet live at the end of January.
  - [Agenda and notes](https://github.com/ethereum/pm/issues/1210) by [Matthew Keil](https://matthewkeil.com/)

- [Commit-Boost Community call #002](https://www.youtube.com/watch?v=PPWwpPx4it0) hosted by [Alex Stokes](https://stokes.io/) covered the latest updates related to [Commit-Boost](https://github.com/Commit-Boost/), including the recent [audit](https://github.com/sigp/public-audits/blob/master/reports/commitboost/Sigma_Prime_Commit_Boost_Client_Security_Assessment_Report_v2_0.pdf) by [Sigma Prime](https://sigmaprime.io/).
  - [Agenda](https://github.com/Commit-Boost/pm/blob/main/Community_Calls/Call2.md) by [Drew Van der Werff](https://twitter.com/DrewVdW)
  - [Notes](https://docs.google.com/document/d/1-UpILcKmwXWiBz7E3MO9H8raK9Cq0KWddkMjT8RltJo/edit?tab=t.0#heading=h.2whbk0my4lq5) by [Sam Jernigan](https://twitter.com/sjerniganIV) and[Sam Bobitz](https://x.com/sbobitz_)

- [Stakeholder Meeting on Next Generation TEEs](https://www.youtube.com/playlist?list=PL3-Jon9Yr_aUEkSeJnnroNV-ypLf7D7zq) hosted by [Poetic Technologies](https://x.com/Poetic_Tech) invited stakeholders to discuss their work and the future of autonomous TEEs:
  - [Poetic Technologies](https://youtu.be/KOxGVfQUrLo?si=l-UcZfoOsox-7Kb7) by [Julio Linares](https://x.com/Julio_Linares_)
  - [Fabric Cryptography](https://youtu.be/8SKeDMUyfw4?si=-kokMlh5CdxAJsP-) by [Michael Gao](https://x.com/gaoist)
  - [Flashbots](https://youtu.be/IZCB_B4NHyY?si=liFSzArqwAdm9UEN) by @Quintus
  - [PBS Foundation](https://youtu.be/IZCB_B4NHyY?si=liFSzArqwAdm9UEN) by [Chris Haug](https://x.com/cshg0x)

- [The Rollup](https://therollup.co/): [Why Based Rollups Are Ethereum’s Best Bet](https://www.youtube.com/watch?v=UfoG4cRk9Z0) invites [Sam Battenally](https://x.com/sam_battenally) to discuss based rollups, cross-chain interopability, and [RISE Chain](https://www.riselabs.xyz/).

# Other

- [Notice to relay.flashbots.net users: JSON-RPC Compatible Errors Coming January 9, 2025](https://collective.flashbots.net/t/notice-to-relay-flashbots-net-users-json-rpc-compatible-errors-coming-january-9-2025/4233) by @tymur details an upcoming change to upgrade [relay.flashbots.net](http://relay.flashbots.net/) to [JSON-RPC compatible errors](https://docs.trafficserver.apache.org/en/latest/developer-guide/jsonrpc/jsonrpc-node-errors.en.html) on Jan 9th.

* * *

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