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 reinforce the Ethereum ideals.| writings.flashbots.net
Explanation of "front running" risks in crypto and how to avoid them Traditional "front running" is trading of stocks or other financial assets using privileged information about an upcoming transaction that is anticipated| Modern Consensus.
A competitive, geographically diverse, and transparent builder ecosystem is critical for the health of Ethereum. Flashbots has open sourced our leading builder in order to help this ecosystem grow further.| writings.flashbots.net
This post is adapted from Phil Daian’s talk on Oct 14, 2022 at Devcon VI in Bogota, Colombia. A transcript of the talk is available here.| writings.flashbots.net
Tl;dr The first article of this series outlined the threat that exclusive order flow (EOF) poses to the builder market. This article argues that order flow auctions can address part of the EOF problem and explores meaningful differences between two auction design types, while identifying similarities that point to a more fundamental problem.| writings.flashbots.net
Tl;dr This post explores the alarming potential for exclusive order flow to render the builder market uncompetitive. A lack of competition in the builder market threatens to cause rent extraction, poor user experience, and entrenchment of builders with undue influence over network incentives. While cause for concern, the negative externalities of exclusive order flow can be mitigated or wholly avoided as presented in a series of articles, of which this article is the first.| writings.flashbots.net
At mev.day in Amsterdam, I opened the day by introducing a new framework for thinking about the fast moving MEV industry and how it will evolve in the future. I call this framework the MEV Supply Chain. You can find a recording of this presentation here.| writings.flashbots.net
A step-by-step walkthrough of how to add a new MEV inspector using a recently added cryptopunk snipers inspector as an example.| writings.flashbots.net
Central to the security of Ethereum is that every miner, and soon validator, can produce the most profitable block possible. Why is this? Why has Flashbots made it a goal to democratize access to the most profitable blocks? How are we doing so? This blog post answers these questions and more.| writings.flashbots.net
Like many others, when I learned that Ken Griffith beat out 17k crypto frens at purchasing the copy of the constitution, I couldn't help but laugh.| writings.flashbots.net
The beating heart of every blockchain is how space is allocated within a block. In less than 24 hours, Ethereum will undergo a historic change to how blockspace is allocated as transaction inclusion rules drastically change with the activation of EIP-1559. However, EIP-1559 does not affect miners’ ability to reorder, insert, or censor transactions, and as such it largely does not have an impact on MEV (Maximal Extractable Value).| writings.flashbots.net
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
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.| writings.flashbots.net