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
- BuilderNet v1.3 by Flashbots announces an update to BuilderNet with improved UX for sending bundles and improved testing, observability, and deployment experience for operators.
- Forum post by @shea
- Thread by @shea
- The Ethereum Foundation’s Vision by Aya Miyaguchi and Vitalik Buterin outlines the vision, principles and values of the Ethereum Foundation.
- The Ethereum Foundation’s Next Chapter by Hsiao-Wei Wang and Tomasz Stańczak details their focus areas and plans for how to achieve the EF’s vision in the short, and long term.
- Ethereum Foundation’s Management and Board Structure by Ethereum Foundation Board presents the structure of the EF management team and board, and the functions of each.
- Does Your Blockchain Need Multidimensional Transaction Fees? by Nir Lavee, Noam Nisan, Mallesh Pai, Max Resnick analyzes potential throughput gains of multi-dimensional transaction fees, and presents a framework to quantify the trade-off between throughput and complexity.
- Auditable Builder Bids with Optimistic Attestations in ePBS by Anders Elowsson details a mechanism where builders commit to inclusion lists and unsealed transactions within auditable builder bids, enabling attesters to perform optimistic validation.
- Relay Inclusion Lists by Michael Moser and Kubi Mensah presents a FOCIL-compliant system where relays generate, and enforce inclusion lists from mempool transactions.
- Thread by Gattaca
- Post by Michael Moser
- A pragmatic path towards Validity-Only Partial Statelessness (VOPS) by Thomas Thiery analyzes the limitations of weak statelessness, and introduces VOPS as a solution to reduce storage requirements for verifier nodes by 25x.
- Thread by Thomas Thiery.
- Analysis of CPMM Option Premium Loss by Yotam Bar-On analyzes the cumulative premia an AMM position loses compared to selling the same option as the AMM provides.
- Apples of the Infinite Garden: A Children’s Book on EIP-7918 by Anders Elowsson explains the design of EIP-7918 in simplified terms to illustrate the need for a minimum blob base fee.
- BITE Protocol: On-Chain Decryption via Precompiled Contracts by Konstantin Kladko outlines a design to reduce MEV and enable smart contracts to perform on-chain decryption via a precompiled contract.
Posts & Threads
- Toni Wahrstätter published a thread highlighting proposed EIPs for scaling the EL via gas limit increases, history expiry, delayed execution, and more.
- ladislaus.eth published a thread sharing publications and collaborations by EF Research from the previous week.
Talks & Discussions
- Axal: Talking Intentionally Episode 19 invites @sui414 for a conversation on MEV, intents, solvers, and more.
- FOCIL breakout #9 invites CPerezz.eth for a presentation on Stateless FOCIL, and Thomas Thiery for a presentation on Valid-Only Partial Statelessness (VOPS).
- Fabric Call #005 hosted by Drew Van der Werff shares updates related to EIP‑7917, Constraints API, and Commitments API.
- Notes by Drew Van der Werff and Sam Jernigan
Other
- Contender Upgrades: April 2025 by @brock details recent features added to contender to better benchmark and test node performance.
- Delayed log sharing by @shea details a new public feed with BuilderNet system logs to accelerate the pace of development, and offer better support to users.
- MEV-Boost v1.9 by Flashbots has been released as a required upgrade for all validators using MEV-Boost ahead of Pectra.
- Post by @metachris
- Pectra Mainnet Announcement by Ethereum Foundation provides details of the upcoming Pectra upgrade, and necessary client updates.
- Checkpoint #2: Apr 2025 by nixo.eth summarizes discussions from the latest ACD-calls with details on Pectra, Fusaka and updates to the ACD process.
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