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Auctions with Kshitij Kulkarni, Matheus V. X. Ferreira and Tarun

Zero Knowledge

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The Future of MEV and Auctions

The way MEV works is first Flashbots came around to kind of reduce spam on Ethereum by basically having people bid an auction off-chain. The idea was that by moving some of the people sniping each other's bids, instead of all three of those transactions going in the blockchain and two out of three failing, you instead only post the one that's complete. And then the validators agree to the outcome of that auction and use that for the ordering of the block. It changes the candor of the auction. You're not just bidding on like, hey, I want my transaction in, right? Like when I'm bidding in EIT 1559, I'm just saying,

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