MEVconomics.wtf 2023
2023-03-24
-- online --
who it's for
ethereum protocol engineers, rollup and L2 engineers, sequencer operators, block builders and searchers, validator operators and staking teams, staking protocol designers, crypto economists and token designers
topics
proposer-builder-separation (PBS) deployment; MEV-Boost block-building dynamics; sequencer marketplace and auctions; order-flow auctions for users; restaking with EigenLayer risks; encrypted mempool and private ordering; cross-chain bridge batching and shuffling; realized extractable value measurement; distributed validator technology (DVT) and staking routers; threshold encryption and private committees
| title | author | length |
|---|---|---|
| State of the MEV Union | Jon Charbonneau | 16m |
Post-merge block building splits into Searchers → Builders → Relays → Validators with the Builder market moving from near-monopoly to many players each taking… | ||
| MEV Activities Since the Merge - Strategies, Searchers and Builders during Market Panic | Elaine Hu | 24m |
Six months after the Merge the chain records about 146,000 ETH sent to validators (~$260M today) with two single-day spikes: ~4,000 ETH during FTX (Nov 9) and… | ||
| Information is the New Money | Phil Daian | 24m |
Argues that blockchains treat information like money and that MEV-Share and MEV-Boost are currently the practical but centralized fixes that enable private… | ||
| Protocol economics the Ethereum protocol’s perspective | Vitalik Buterin | 22m |
Claims that EIP-1559 simplifies user fee choices and measurably reduces waiting times, that MEV is persistent but highly spiky so daily gross extraction often… | ||
| Decentralizing Sequencers Wait it’s all PBS Always have been | Hasu | 17m |
Rollups currently bundle the proposer and block-builder roles, recreating pre-PBS L1 MEV dynamics: priority gas auctions, extractive frontrunning, and vertical… | ||
| Fireside Chat: ETHconomics Meets MEVconomics | Davide Crapis, Barnabé Monnot, Justin Drake | 43m |
MEV originates from the economy layered on top of Ethereum, not the chain itself, so the plan is: reduce MEV via app and inclusion design, extract with… | ||
| MEVeconomics in L2 - A Closer Look at the Sequencer's Role and MEV | Patrick McCorry | 16m |
Describes sequencer ordering as three concrete policies — MEV-extract-first (sequencer holds transactions, possible 24 hours delay on some rollups)… | ||
| MEVconomics for Modular Blockchain Stacks | John Adler | 18m |
Defines the concrete risk that sequencer and fork‑choice rules move extraction from rollups down to the shared data layer, creating centralization pressure and… | ||
| The MEVconomics of bridging | James Prestwich | 13m |
Proposes grouping cross-chain messages into a single batch commit on the source chain and delivering that batch to the destination, then applying a… | ||
| Restaking and MEV Mycelial Partnerships in the Dark Forest | Sreeram Kannan | 17m |
Restaking via EigenLayer lets Ethereum stakers opt into extra slashing-backed commitments so block proposers can credibly promise specific ordering rules… | ||
| MEVconomic Panel: MEVconomic Security in Liquid and Restaking Protocols | Jon Charbonneau, Sreeram Kannan, Tarun Chitra, Ben Fisch | 45m |
Panel claims two distinct security needs — pure economic security versus decentralized quorum resistance — and names concrete mitigations: DVT to limit… | ||
| Ordering So Fair It Ain't Fair Ordering | Tarun Chitra | 19m |
Argues that fair ordering mechanisms ignore the actual MEV economics and can make some DeFi users worse off by constraining permitted permutations. Models the… | ||
| It’s My MEV and I Want It Now | Tom Schmidt | 18m |
Argues that the MEV supply chain shifts away from public mempools toward private routing by wallets, dapps and RPCs, claims private mempool traffic is already… | ||
| Auctions, privacy and a cat | Quintus Kilbourn | 15m |
Argues that auction design must control information flow, not just price signals, using a cat-in-a-box metaphor: keeping bids and execution details private… | ||
| Quantification of MEV sharing design OFAs | Danning Sui | 21m |
Quantifies MEV returnable to users by measuring searcher on-chain profits (Eigenphi indexes ~50–100k daily, median margin ≈3 bips, 95th few hundred bips, 99th… | ||
| Staking, Lending, and MEV One Model to Rule Them All | Kshitij Kulkarni | 17m |
Presents a simple portfolio model where validators choose between staking, lending and liquid-staking returns and a parameter alpha controls how much MEV gets… | ||
| MEVconomic's Panel: Speedrunning Finance Latency in MEV | Michael Jordan, Eric Budish, Tarun Chitra, Phil Daian | 01h 10m |
Empirical message‑level data from the London Stock Exchange and a UK FCA study show race arbitrage dominates: about 20% of trading volume is racing, the modal… | ||
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