You can find a basic example of this approach here: https://t.co/hOe4duTNOT It currently is tailored to a test lock on Rinkeby and NOT production ready. Feel free to fork it, improve it, and search for real #MEV opportunities of #UnlockProtocol's recurring memberships! /end

In the case of Unlock Protocol recurring memberships, the MEV search can be broken down into four steps: 1. Find relevant locks 2. Find relevant subscribers 3. Find profitable opportunities 4. Extract value (renew memberships) 6/

In order to incentivize key renewals, lock owners can set a `gasRefundValue`, which is the amount of the key-prices' ERC20 token that the senders of the `renewMembershipFor` transactions receive as reward for their help in keeping the subscriptions recurring. 5/

Since Unlock Protocol released version 10 of its PublicLock contract, there is a new method called `renewMembershipFor`, which allows anyone to renew the expired key of a membership subscriber. 4/

Keys are priced either in the network's native token, or their currency is an ERC20 token. In the latter case, the owner may approve the lock contract with an allowance, that could cover one or more renewals of the membership, after the key expires. 3/

Unlock Protocol allows anyone to set up a membership program using its *Lock* smart contracts. Every lock has keys, and a key is an ephemeral NFT that represents the membership status of its owner. 2/

Ser, did you know that @UnlockProtocol already supports recurring memberships? 💸 And did you know that this also presents an opportunity for #MEV? ⛏️ Grab your shovel, let's dig into this! 🧵 1/n

1/ Traditionally, using NFTs for memberships was a yes-or-no proposition: If someone held the NFT for a project, they had access to the project’s perks or community for as long as they held the NFT — potentially forever.

Did a double take when reading about the Dutch East India Company and… their MEV strategy?

I'm verifying my identity for @TheForeverWar. 0x9xoawyghfYejRmjJnNFYugk8T12YIbWfUXsn3vzKCv32hI4H57PdaBrn36pOjschDeSCbB1ciGaCsynG94WzRBjee2eCVgZZdWfei0d41yQNaX8h847HZ2R704161RektobFa4OfcZ1Vkv0EX96mUDKuOZ1nudaa5i0jYL7zqbs22OyoylEgcQ73axleGJHil87BD1re

Decentralized stablecoin (UST) now trades with #Bitcoin natively. The revolution will not be centralized. @THORChain @terra_money

Here we have a Shopify store (demo) where holders of an NFT are granted 25% off of all purchases, as well as no shipping costs. When will web3 start getting the attention it deserves? 🍞

I just claimed $UDT to join the @unlockprotocol DAO #DAO #governance #unlock https://t.co/q6yeg3zpiB via @unlockprotocol

Entering the $WRITE RACE 💨 on @viamirror sig:0xd5ad48f52c08161c5787c8decf073255a17bd8682469954508d56c4149598f8c6cc6d7e8913f3bc856f1a9b2c30224ddbdde05db330f90b14290e708e7343de21c https://t.co/k2xHbaMsSR

4 Eras of the Creator Economy: v1: UGC (Free - Myspace, Livejournal, FB) v2: Ads (Selling pple's stuff - YouTube, Insta) v3: Products (Selling your stuff - Patreon, Substack) v4: Tokens (Selling ownership - tokens, NFTs) Amazing perspective from @ljin18 https://t.co/maLSX3osNR

JS + React + commerce = fun. Coming later this year, our new Shopify Hydrogen framework - complete with React (server) components built for commerce. Best part? Host directly on Shopify with Oxygen, no dev ops required.

@pswgnr is building an integration with @Shopify ! 🛍 Create your own #prime membership: free shipping, member discounts or even exclusive products for members only!

the reveal marketplace allows anyone to auction off coordinate broadcasts for xdai. thanks to interoperability, *new game features* in a decentralized game can be added by anyone, not just the original devs - this is literally not possible in traditional games.

Here are the Web3 finalists! 💱ZeroFee Exchange ⛓️Cross Chain Wallet Dashboard 🧪Open Science Data Wallet 💥NFT-ME 🔊Ultra Sound Music Project ✨MeMeta 🗣️Convo Space 📺Decentralized Broadcast & Stream 🎨ArtVaults 🖼️YouTube NFT Drop 🏭NFT Factory Factory ⚒️Canva NFT Minter ↓↓

Requesting faucet funds into 0x267Fd180f1b0bd8D9bf98B09454c1f1f7F460689 on the #Rinkeby #Ethereum test network.