🚨 In our latest EthResearch post, Christoph Schlegel and I suggest a modification to ePBS to mitigate the free-option problem. We propose introducing penalties and adjusting them dynamically in an online learning fashion.

There's lots of debate over what market structure will look like with ePBS. I'm bullish trustless payments because a decentralized network shouldn't need to push 90% of blocks through three geographic chokepoints that just facilitate an offchain auction.

best one slider problem statement of geo decentralization i have ever seen s/o @boez95 for making them ... so much great stuff coming out of flashbots research and others on this, very excited

Check out our blog post on it! 👇

Phil's 2023 post, "Decentralized crypto needs you: to be a geographical decentralization maxi," urged us to put more emphasis on studying this phenomenon, which is a cornerstone for building global permissionless systems — this research continues in that direction. 🫡

Decentralization underpins permissionless blockchains, but what about geography? 🌍 Our new study explores this often-overlooked dimension of crypto. (1/n)

🚨Our paper on the EIP-7732 ePBS free option problem! TL;DR: The problem worsens with: - higher liquidity - higher volatility - longer option window - non-atomic MEV in the block 📉 In historical data: it causes 0.82% blocks missed on avg/day — and up to 5.5%! (1/n)

Does ePBS spark joy? In our new paper, we explore this with @boez95, Christoph Schlegel, and @William33203632.

next frontier of MEV 🤑

Stage A: @boez95, Researcher at Flashbots, is on with Cross-Chain Arbitrage: The Next Frontier of MEV in DeFi 🔀 He’s diving into how arbitrage across ecosystems is reshaping MEV, liquidity flows, and the opportunities emerging in decentralized finance.

More updates to come soon!

Arbitrum leg: https://t.co/wjgclR7Tmx

Base leg: https://t.co/8RUDBKtASl

xMEV is on the rise🔥 We see that cross-chain arbs gained even more traction by the end of last year, reaching 1.5B total volume. We also observed an all time highest 50 ETH arb between base and arbitrum 🤑

Decentralised prediction markets, particularly @Polymarket , have drawn increasing attention lately. In late 2022, Polymarket transitioned from an AMM-based design to a Central Limit Order Book (CLOB) model. We examine market-making mechanisms and liquidity dynamics in

We’re excited to welcome @boez95, Researcher at Flashbots as a speaker at ETHIstanbul! 🎈 He’ll be talking about Cross-chain Arbitrage: The Next Frontier of MEV in Decentralized Finance, exploring how MEV opportunities evolve in a multi-chain world. Meet him in Istanbul! 👋

After 2 years of summarizing 1000s of publications, The MEV Letter is evolving into its next phase. Together with Edition #100, we’re launching 𝙏𝙝𝙚 𝙈𝙀𝙑 𝙇𝙚𝙩𝙩𝙚𝙧 𝙀𝙭𝙥𝙡𝙤𝙧𝙚𝙧 – transforming the entire archive into an interactive interface. Quick TLDR 👇 1/8

@haydenzadams @MarkToda @danrobinson @nero_eth @metachris @DavideCrapis @nerlsss @Freddmannen @sui414 @a16zcrypto @ciamac @AriJuels @PGarimidi @orbmis @thebellcurvepod @xin__wan @ballsyalchemist @Data_Always @crypticwoods_ @TimBeiko @tzhen @casparschwa @OanaDesu @afk0b @sxysun1 @lstephanian @VitalikButerin @boez95 @rezabfil @hoops_felix @0xangelfish @socrates1024 @mmrosum @ralexstokes @yeak__ @potuz_eth @_julianma @AustinAdams10 @saraareynolds @omw_to_the_moon @skominers @Tim_Roughgarden @BarnabasBusa @parithosh_j @robin_ethz @AndreaCanidio @William33203632 @soispoke @malleshpai #99 @0xYager published a thread highlighting 1 item from each edition of The MEV Letter as a way to celebrate the upcoming #100 edition. https://t.co/ZELM3WBRYc

The Free Option Problem in ePBS, Part II https://t.co/1n6X8iaIUd

The Agenda for MEV-SBC'25 is live! 📍Aug 7 @ Berkeley This annual workshop highlights MEV research and talks to illuminate a new round of problems for the community to explore in cryptography, mechanism design, data, consensus, incentives, and their intersections