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 maximally simple L1 privacy roadmap by Vitalik Buterin outlines a phased roadmap to improve the state of privacy on Ethereum with only minor changes to consensus.
- Why I support privacy by Vitalik Buterin argues that privacy is essential for preserving freedom, decentralization, and enabling technological progress in the digital realm.
- Execution Dependencies by Toni Wahrstätter explores transaction execution dependencies and finds that most blocks are highly parallelizable with 60–80% of transactions being independent, although top-of-block MEV bundles limit the potential for parallel execution.
- Blob gossip and validation before and after PeerDAS by Mike Neuder details how the handling of blobs evolves with PeerDAS, and evaluates options for mempool sharding to address increased bandwidth demand.
- Theoretical blob transaction hit rate based on the EL mempool by Mikel Cortes presents a study on blob propagation and how blob throughput scales via PeerDAS and distributed block-building.
- Introducing FairFlow: TimeBoost with a Dutch auction by Ko Sunghun reviews existing sequencing policies, and proposes an adjusted version of TimeBoost with an auction for backrunning.
- Thread by Ko Sunghun
- An Anti-Collusion Mechanism for Threshold Encrypted Mempools by and882 details an approach to establish a threshold encrypted mempool that remains secure even if all parties in the threshold committee collude.
- A Taxonomy of Preconfirmation Guarantees and Their Slashing Conditions in Rollups by Joseph Delong proposes a structured categorization of preconfirmation guarantees along with their corresponding slashing conditions and computational complexities.
- Beyond Stage 2: The Case for Unstoppable Ethereum Rollups by Tom Lehman argues that Stage 2 rollups with a 30-day exit window fall short of L1-equivalent security, and outlines a path toward making them more censorship resistant.
- Post by Tom Lehman
Posts & Threads
- ladislaus.eth published a thread sharing updates from EF Research on PeerDAS, FOCIL, Beam Chain, and more from the previous week.
- Anders Elowsson published a thread with additional details on how EIP-7918 improves fee stability and network utilization by setting a fair market price for blobspace through adaptive amortization.
- Alex Nezlobin published a thread arguing that batch auctions on CoWSwap prioritize batch-wide surplus over individual gains, are vulnerable to manipulation, and rarely achieve meaningful CoW matches.
- Wei Dai published a thread outlining ongoing efforts and proposals to improve cross-chain interoperability via standardized addresses, messages, tokens, and intents.
- Smstack.eth published a thread highlighting findings from Expanding Mempool Perspectives by Toni Wahrstätter, which questions the necessity of local builders to uphold censorship resistance and liveness.
- The Latest in Defi Research published a thread highlighting an upcoming paper that explores the cost of censoring transactions.
Talks & Discussions
- Deeply Intents: Chain Abstraction Isn’t Real invites Vaibhav for a conversation on chain abstraction, scalability, and cross-chain infrastructure.
Other
- Updated MEV-Boost relay settings by @shea detail an update to the way BuilderNet submits blocks to MEV-Boost relays in order to enhance its performance and neutrality.
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