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
- Scalable Oblivious Accesses to Blockchain Data by Elaine Shi and @socrates1024 presents an approach using TEEs and Oblivious RAM to enforce transaction privacy and prevent access pattern leakage during block building.
- Private MEV Protection RPCs: Benchmark Study by Paul Janicot and Alex Vinyas
presents an empirical study comparing the effectiveness of major OFAs: MEV Blocker, Flashbots Protect, Blink, and Merkle, in terms of success rate, inclusion time, swap price improvement, and backrun rebates. - A Framework for Combined Transaction Posting and Pricing for Layer 2 Blockchains by Shouqiao Wang, Davide Crapis and Ciamac C. Moallemi presents a framework for transaction posting and fee pricing in L2s that dynamically responds to L1 gas fee fluctuations and network congestion within L2 networks.
- Orbital by Dave White, Dan Robinson, and Ciamac C. Moallemi introduces an AMM design that generalizes concentrated liquidity to support thousands of stablecoins in a single capital-efficient pool.
- Thread by Dave White
- Announcing Protocol by Barnabé Monnot, Tim Beiko and Alex Stokes outlines a restructuring of Ethereum Foundation’s Protocol teams to align around three strategic initiatives: Scaling L1, Scaling blobs, and Improving UX.
- Thread by Barnabé Monnot
- Thread by Tim Beiko
- Thread by Alex Stokes
- EIP-7691 Retrospective by Sam Calder-Mason analyzes network performance after the blob limit increase in Pectra, confirming it’s safe for home stakers under current and projected network conditions.
- Thread by Sam Calder-Mason
- Thread by parithosh
- Post by ethPandaOps
- Subcommitments: Off-Chain Finality — Fast, Secure, and Cheap by Alejandro Ranchal-Pedrosa presents a mechanism for achieving fast off-chain finality in zk-rollups without immediate DA publication by periodically posting L2 state hashes to L1.
- Halving transaction submission latency with eth_sendRawTransactionSync by Sam Battenally, Hai Nguyen and Thanh Nguyen outlines the design of a synchronous Ethereum RPC method to reduce latency by merging transaction submission and receipt retrieval into a single call.
- MEV Myth Buster by EigenPhi continues with a series of articles that unpack MEV strategies via onchain data:
Posts & Threads
- ladislaus.eth published a thread sharing publications and collaborations by EF Research from the previous week on FOCIL, real-time proving, L2 Interop, and more.
Talks & Discussions
- ETHPrague hosted by Duct Tape and PWN:
- ETHDAM III hosted by CryptoCanal:
- Ethereum Foundation | Scaling Ethereum: overview of current plans by Julian Ma
- Shutter Network | Privacy Is Normal by Loring Harkness
- Cornell Tech | Liquefaction: Privately Liquefying Blockchain Assets by Dani Vilardell
- Conversation | Liquefaction: Privately Liquefying Blockchain Assets with Rico van der Veen, Dani Vilardell, and William Wendt
- Nethermind | WTF is Surge: The Based Rollup Template by David Leonardi
- All Core Devs - Consensus (ACDC) #158 hosted by Alex Stokes discussed scheduling EIP-7917 for inclusion in Fusaka, and ePBS and FOCIL as headliner proposals for Glamsterdam
- L2 Interop Working Group Call #9 hosted by Joshua Rudolf discussed updates related to Cross-chain Messaging, Open Intents Framework 2.0, chain-specific addresses, and more.
- Community Call #54: ethPandaOps invites parithosh and Barnabas Busa for a conversation on ethPandaOps and their work related to monitoring services, dashboards, and more.
- Deeply Intents - Episode 15: The Spirit of Chain Abstraction invites Tabasco for a conversation on account abstraction, chain abstraction, Particle Network, and more.
- Unstoppable Rollups: Community Call #2: How to Shut Down Base by Tom Lehman argues that the exit windows of OP Stack rollups like Base are insufficient for censorship resistance as it can be disabled by a relatively small group of signers with a 30-day notice period.
Other
- Deprecation of bundle-stats API methods in Flashbots Protect by @metachris announces the deprecation of several Flashbots Bundle Relay APIs on June 9 to simplify data storage and orderflow processing.
- EIP-7917 by Lin Oshitani and Justin Drake, which pre-calculate and store a deterministic proposer lookahead in the beacon state at the start of every epoch, has been scheduled for inclusion in Fusaka.
- Good crypto by Mikołaj Barczentewicz is a collection of posts exploring the intersection of crypto, law, and policy, including legal analysis of MEV.
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