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
- Multiple Proposer Transaction Fee Mechanism Design: Robust Incentives Against Censorship and Bribery by Aikaterini-Panagiota Stouka, Julian Ma, and Thomas Thiery identifies transaction fee mechanisms that preserve censorship resistance under bribery attacks and satisfy the incentive compatibility properties of EIP-1559.
- On incentivizing anonymous participation by Maryam Bahrani and Mike Neuder analyze incentive structures in blockchain protocols, focusing on cost-efficient participation under anonymity constraints for use cases such as prover markets and Proof-of-Work.
- Empirical blob sidecar hit rate based on local EL’s mempool by Mikel Cortes and Yiannis Psaras examines the empirical hit-rate of blob sidecars in the EL mempool post-Pectra to evaluate the viability of distributed block building as a means to reduce bandwidth requirements for validators.
- Post by Mikel Cortes
- Accelerating blob scaling with FullDASv2 (with getBlobs, mempool encoding, and possibly RLC) by Csaba Kiraly revisits their FullDAS design with new techniques to accelerate the blob-scaling timeline.
- EIP-7805 Fork-Choice Inclusion Lists (FOCIL) as a candidate for Glamsterdam by Thomas Thiery outlines arguments for why EIP-7805 should be included in the upcoming Glamsterdam upgrade.
- Slot timings and ePBS by Potuz explores the lower bounds for slot times under: the current consensus rules, EIP-7732, and EIP-7886.
- The After-Effects of Ethereum’s Pectra Upgrade by Tanay Ved analyzes validator consolidation and the impact of increased blob capacity in the first few weeks since Pectra.
- 60M Gas Limit on Sepolia & Hoodi by Sam Calder-Mason analyzes network health after raising the gas limit to 60M on the Sepolia and Hoodi testnets, concluding that block and blob propagation remain within safe thresholds.
- MEV Myth Buster by EigenPhi is a series of articles that unpacks MEV strategies via onchain data:
Posts & Threads
- @dataalways published a thread explaining how BuilderNet’s shared order flow model gives non-censoring operators an edge over censoring ones, even if the latter have earlier access to exclusive order flow.
- @dataalways published a post highlighting that the recent increase in Ethereum’s gas limit to 36M seems to primarily be utilized by arbitrage bots.
- PBS Foundation published a thread summarizing Protocol Research Call 2 which discussed approaches to scale the L1 execution throughput in the near-term
- ladislaus.eth published a thread sharing publications and collaborations by EF Research from the previous week.
Talks & Discussions
- Indexed Podcast: The REV Debate explores the methodologies and nuances of measuring blockchain metrics such as MEV and REV.
- Thread by Indexed Podcast
- Post by @sui414
- ChainSafe: Ethereum Guild: MEV, Block Building, and ePBS invites @Hasu and @dataalways for a conversation on MEV, TEEs, BuilderNet, and more.
- Bell Curve: Entering Ethereum’s New Era invites @Tomasz to discuss DeFi, scaling the L1, real-time proving, and Ethereum’s long-term vision.
- Thread by Bell Curve
- EIP-7732 breakout room #19, hosted by Potuz, discussed the latest developments related to EIP-7732 and the case for ePBS in Glamsterdam.
- Unstoppable Rollups: Unstoppable Rollups Community Call #1 by Tom Lehman explores the shortcomings of rollup exit windows, and outlines alternatives for improved security.
Other
- L2 Demo Day May 23, 2023 by @dmarz highlights a collection of demos showcasing recent improvements to the performance, stability, and local E2E testing capabilities of op-rbuilder.
- Orderbook.wtf by PropellerHeads aggregates onchain liquidity from various DEX pools as a unified orderbook, using Tycho.
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