The Three Body Problem a Trilogy - I'm in the Forest

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A front running bot, a really scary one. Calledit a generalized front runner. It's in the three body problem a trilogy. And this is an environment where there are such advanced prategers around that anybody who is detected will almost certainly be destroyed instantly. A strategy in order to destroy somebody is basely just to reveal their location. This was a case where there was literally an internal call that we would have to make in order to recover this money....

Today, I brought on Dan Robinson and Georgios Konstantopoulos, who are both research partners at Paradigm. Together, we explore the topic of MEV, or “Miner Extractable Value”.

Blockchains like Ethereum have this dirty little secret that, while in most regards they are very decentralized, the ordering of transactions within a single block is actually completely in the hands of a single miner. They can insert their own transactions, rearrange those of users, or even censor them completely.

MEV describes how much value a miner can extract from users and other miners by using these powers to their advantage.

If you’ve never looked into MEV before, I think you’ll be both shocked and fascinated by the complexity and sophistication of the war that’s raging inside Ethereum’s memory pool. Enjoy

Dan Robinson https://twitter.com/danrobinson

Georgios Konstantopoulos https://twitter.com/gakonst

Hasu https://twitter.com/hasufl

Flash Boys 2.0 (Daian et al) https://pdaian.com/flashboys2.pdf