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
- Leveraging Blockchain in a New Era of Antitrust by Decentralization Research Center and Flashbots examines how blockchain technology can address modern antitrust challenges by fostering more transparent, competitive markets.
- Forum post by @ryager
- Thread by @ryager
- Builder-playground: Simplifying Local Testing Environments for Block Building by @ferranbt presents Builder Playground, an open-source framework to quickly spin up comprehensive block-building test environments for L1 and L2.
- Introduction to Optimistic V3 Relays by George and Vlad detailsan architecture for optimistic relaying with reduced latency by transmitting block data only after a proposer commits to the block.
- Adding flexibility to Ethereum’s exit queue by Mike Neuder, Mallesh Pai, and Mikhail Kalinin introduces EIP-7922, which would replace Ethereum’s fixed validator exit design with a flexible system based on historical activity.
- Thread by Mike Neuder
- Thread by Mallesh Pai
- Ethereum Privacy: The Road to Self-Sovereignty by pcaversaccio presents a phased roadmap for embedding default privacy into Ethereum through confidential transactions, private smart contracts, and post-quantum cryptography.
- Enshrined Native L2s and Stateless Block Building by keyneom outlines methods to scale Ethereum via enshrined native L2s and stateless block building.
- Leveraging lottery mechanisms to incentivize censorship resistance on Ethereum by Thomas Thiery describes a lottery mechanism for Ethereum that motivates small-scale participants to contribute to censorship resistance without giving an advantage to larger actors.
- EIP-2935: A Step to Achieving Stateless Execution by Yiğit Yektin outlines how EIP-2935 enables stateless execution by introducing a contract-based mechanism for retrieving historical block hashes without modifying the EVM.
- Charting Ethereum’s Account Abstraction Roadmap III: The Endgame by zhev describes how ERC-5189, ERC-4337, RIP-7560, and EIP-7701 are designed to enable smart accounts and account abstraction.
- Unpacking The Next Generation Of Ethereum L2s (V): Keystore Rollups by Pavel Paramonov details the design and use cases of keystore rollups as a cross-rollup authentication layer.
- Tech to Make Impermanent Loss Impermanent Again by Matt Stephenson explores how using RNG to create veiled fees can reduce LVR for LPs in AMMs.
Posts & Threads
- @dataalways published a thread examining how the recent gas limit increase has affected block building, particularly the divergence in gas usage between local- and MEV-Boost builders.
- ladislaus.eth published a thread sharing publications and collaborations by EF Research from the previous week.
- Anders Elowsson published a thread answering questions related to EIP-7918, which would enforce the price of the targeted number blobs to stay above the price of a simple blob-carrying transaction.
- Thomas Thiery published a post criticizing the proposals to outsource core protocol duties to sophisticated, out-of-protocol builders.
- Alex Nezlobin published a thread detailing how a CoWSwap user received a suboptimal execution price due to a solver exploiting CoW AMM mechanics to manipulate surplus calculations in their favor.
Talks & Discussions
- Dstack + TEEs: Coding a Pastebin App That Doesn’t Leak Secrets with @socrates1024, Joshua, Hang Yin, and @albicodes discuss how to leverage TEEs and DStack for confidential computing, and live-code an encrypted Pastebin app for secure agent communication.
- Protocol Research Call 1 hosted by Barnabé Monnot and Ansgar Dietrichs invites protocol researchers and developers to discuss long-term protocol goals, network design, and validator roles.
- beam call #3 (p2p networking) | April 4th, 2025 hosted by Justin Drake invites speakers to present their work related to Ethereum P2P networking.
- L2 Interop Working Group Call #6 hosted by Josh Rudolf discussed updates related to ERC-7811, Open Intents Framework, wallet interoperability, and more.
- Notes by Josh Rudolf
- FOCIL Breakout #8 hosted by Thomas Thiery covered updates on FOCIL and statelessness, and presentations on IncluderSelect by Julian Ma, and zkFOCIL by Benedikt Wagner.
- Agenda by Thomas Thiery
- Thread by Julian Ma
- Fabric Call #003 hosted by Drew Van der Werff covered updates related to Fabric, EIP-7917, blob sharing, and more.
- Notes by Drew Van der Werff and Sam Jernigan
- Thread by Anshu Jalan
- Fabric Call #004 hosted by Drew Van der Werff invites Jason Vranek to present tradeoffs across six proposed designs for the Constraints API.
- Notes by Drew Van der Werff and Sam Jernigan
- Deeply Intents: The Logic of Chain Abstraction invites Ankit Chiplunkar for a conversation on MEV, OFAs, chain abstraction, OneBalance, and more.
- State of Decentralization in Ethereum with Francesco Andreoli, Justin Drake, and Simon Brown discusses Ethereum decentralization, L2 fragmentation, based rollups, and governance.
Other
- An Incomplete Reading List by @Quintus provides a list of papers and other resources related to TEEs.
- Reconfiguring AllCoreDevs by Tim Beiko proposes restructuring Ethereum’s AllCoreDevs process to better separate long-term roadmap planning (ACDE/ACDC) from short-term implementation coordination (ACDT).
- Fabrics Docs by Fabric aggregates resources related to based rollups and based preconfirmations.
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