Why MEV Will Always Be Controversial - Ep. 482
Maximal extractable value, or MEV, is a mainstay of the Ethereum landscape. But the process of validators reaping profits from handling new blocks is not without controversy. Ethereum Foundation researcher Justin Drake and bloXroute Labs CEO Uri Klarman assess the current state of MEV. Hear them disagree about the path forward for making Ethereum more fair for all its economic actors.
April 18, 2023
1 hr 10 min
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Episode 482 · April 18, 2023
Why MEV Will Always Be Controversial - Ep. 482
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Why MEV Will Always Be Controversial - Ep. 482
Summary
Maximal extractable value, or MEV, is a mainstay of the Ethereum landscape. But the process of validators reaping profits from handling new blocks is not without controversy. Ethereum Foundation researcher Justin Drake and bloXroute Labs CEO Uri Klarman assess the current state of MEV. Hear them disagree about the path forward for making Ethereum fairer for all its economic actors.
Show highlights:
what MEV is and how it has evolved over time
the nuances of the newly proposed MEV Blocker and why it’s important for users
whether it’s possible to enable “back-running” while preventing front-running
how to give power back to blockchain users
what the differences and similarities are among several projects trying to solve MEV
how “MEV Burn” will be like the EIP-1559 to what Justin calls contention
whether EigenLayer can help solve MEV problems
whether wallets and DEXs could be doing something different to prevent MEV and generate more revenue
how “exclusive order flow” could be detrimental to DeFi users
what proposer-builder separation (PBS) is and whether it will change MEV distribution
why Uri doesn’t think PBS is the right step forward for Ethereum
Thank you to our sponsors!
Crypto.com
Halborn
Guests:
Justin Drake, researcher at the Ethereum Foundation
Uri Klarman, CEO of bloXroute Labs
Links
Previous coverage of Unchained on MEV:
Why Is Ethereum Trying to Maximize Value From Users? Two Sides Debate
The Chopping Block: Why the Once-Taboo MEV Is Now a Core Part of Ethereum
MEV Blocker
CoinDesk: MEV Blocker Wants to Help You Outrun the Front-Runners
MEV Blocker
Unchained: Ethereum Builders Join Forces to Launch MEV Blocker
MEV Distribution
CoinDesk: Flashbots Proposes New Class of 'Matchmakers' to Share MEV Gains With Ethereum Users
MEV-Share: programmably private orderflow to share MEV with users - The Flashbots Ship
BackRunMe
Wallet-Boost Design Doc · blocknative discourse · Discussion #1 · GitHub
OpenMEV Mechanics and Formulas - Manifold Finance
MEV Smoothing
Committee-driven MEV smoothing - Economics
MEV Burn
Burning MEV through block proposer auctions - Economics
Proposer-Builder separation
Proposer-builder separation | ethereum.org
Vitalik Buterin’s tweet
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