Maximal extractable value (MEV)
An introduction to maximal extractable value (MEV)| ethereum.org
Flashbots: Frontrunning the MEV crisis Flashbots is a research and development organization formed to mitigate the negative externalities and existential risks posed by miner-extractable value (MEV) to smart-contract blockchains. We propose a permissionless, transparent, and fair ecosystem for MEV extraction to preserve the ideals of Ethereum. The spike in Ethereum usage over the last few months has revealed a set of negative externalities brought by MEV. These include network congestion (i.e...| Ethereum Research
There has been a lot of discussion in the Ethereum community recently about chain-reorgs-as-a-service, and how it relates to MEV, the ETH2 merge, and other important ecosystem developments.| writings.flashbots.net
Maximal (formerly Miner) Extractable Value ($\textrm$) is the value that can be extracted from a blockchain by any agent without special permissions. Considering this permissionless nature, any agent with transaction ordering rights will be in a privileged position to perform the extraction. In Proof of Work blockchains, it is miners who determine transaction ordering within a block, hence the former "miner" term. In practice, bot operators seek to extract $\textrm{MEV}$ by either paying high...| writings.flashbots.net
