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
- Beaverbuild → BuilderNet by Flashbots announces that beaverbuild is retiring their centralized block builder to work full time on BuilderNet as a development partner to accelerate its roadmap.
- buildernet.txt by beaverbuild announces the retirement of their legacy block builder to co-develop BuilderNet in order to ensure block building is decentralised, uncensorable, and neutral.
- Post by beaverbuild
- Live on Unichain: Fair Transaction Ordering and MEV Protection by Uniswap Labs announces Unichain as the first L2 to build blocks inside of TEEs via Rollup-Boost, enabling fair transaction ordering, MEV protection, and revert protection.
- The First L2 TEE Block Builder is Live on Unichain Mainnet by Flashbots announces Unichain as the first L2 to release Rollup-Boost and deploy TEE block building on mainnet.
- Forum post by dmarz
- Beyond Speed: Building for Efficient Onchain Markets by Uniswap Labs describes Unichain’s strategy to enable fast, fair, and verifiable sequencing via Rollup-Boost, and enhanced UX via seamless interoperability.
- Understanding Based Rollups: PGA Challenges, Total Anarchy, and Potential Solutions Part 2 by Davide Rezzoli presents the result of FRP-47 which examines inefficiencies and improvement opportunities in Taiko’s total anarchy model for based block production.
- Report: Builder multiplexing in PBS (v1) by Andrew W. Macpherson presents an incentive model of builder multiplexing, and builder market centralization as a result of exclusive orderflow.
- Latency Advantages in Common-Value Auctions by Ciamac Moallemi, Mallesh Pai, Dan Robinson studies how latency advantages affect the feasibility of conducting auctions onchain.
- Delayed Execution and Free DA by Toni Wahrstätter and Francesco details how EIP-7886 is designed to decouple block validity from execution in order to scale Ethereum L1.
- Simplifying the L1 by Vitalik Buterin presents a phased approach for simplifying Ethereum to increase resilience, scalability, and accessibility.
- Playing Arbitrum’s latency games for fun and profit by Ashiq describes the technical progression of an MEV bot optimized for single-block backruns on Arbitrum.
- Liveness attack in Ethereum PoS protocol using RANDAO manipulation by Mingfei Zhang presents a liveness attack on Ethereum where the adversary uses RANDAO manipulation and the withholding of attestations to prevent finality.
Posts & Threads
- The Flashbots Internship Experience by Optimus details their experience as an intern at Flashbots with a focus on illuminating L2 MEV.
- Xin Wan published a thread on how Unichain’s implementation of Rollup-Boost enables verifiable revert protection to improve both market efficiency and blockspace utilization.
- EIP-7938: Exponential Gas Limit Increase via Default Client Voting Behavior by Dankrad Feist outlines the reasoning for EIP-7938 which aims to scale the Ethereum gas limit 100x over 4 years.
- ladislaus.eth published a thread sharing publications and collaborations by EF Research from the previous week.
- Alex Nezlobin published a thread examining whether priority taxes in AMMs can improve LP profitability by analyzing transaction data from Base.
- Hart Lambur published a post exploring how shorter block times, single slot finality, and L2 withdrawal periods impact UX in intent-based systems.
Talks & Discussions
- beam call #5 (APS: attester-proposer separation) hosted by Justin Drake invites Julian Ma to present Attester-Proposer Separation as a way to minimize validator complexity and mitigate issues related to proposer timing, centralization, and MEV.
- MEV Space #6: Profit or Promise hosted by EigenPhi invites Murat Akdeniz, Kevin Lepsoe, Drew Van der Werff, and Benjamin Hunter to discuss preconfirmations, censorship, and MEV.
- L2 Interop Working Group Call #8 hosted by Josh Rudolf invites TiTi to present RFC: Universal Address Formats for Interoperability (ERC-7828 & ERC-7930) by Wonderland.
- Notes by Josh Rudol
- Thread by Josh Rudolf
- Thread by Wonderland
Other
- mev-boost-relay v0.30.0 by Flashbots has been released with Pectra-compatibility, SSZ support for the Proposer API, and more.
- Pectra Mainnet Checklist by ethPandaOps provides information on Pectra, including its activation schedule, required node updates, and tools for monitoring network health.
- Post Pectra Dashboard by A41 tracks real-time network performance and validator consolidation after Pectra.
- Forum post by A41
- Ethereum roadmap by ethereum.org is an interactive Ethereum roadmap with information on upcoming hardforks and ongoing research.
- Post by ethereum.org
- TLDR April Newsletter by The Latest in Defi Research highlights papers and research previews published by TLDR fellows last month.
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