Ether Is the Native Asset of Suave and We're Very Careful of the Incentives That We Introduced Into the System

In this episode, Ria is joined by Robert Miller, Steward at Flashbots, which is a research and development organization with the aim to reduce the negative externalities and risks posed by MEV, or maximal extractable value.

We cover:

• The MEV supply chain and how it’s evolved as Ethereum transitioned from Proof of Work to Proof of Stake
• The new challenges and risk vectors that have emerged as a result of the transition, notably around decentralization and censorship resistance
• The tools Flashbots has proposed and implemented in response, such as Flashbots Auction, MEV Geth, MEV Boost, and the open sourcing of these tools to foster a competitive market
• The risk posed by exclusive order flow and cross domain MEV in centralizing block building
• The latest endeavor of the organization to decentralize block building using a new network - SUAVE (the single unifying auction for value expression)

Research mentioned: 

• Order flow, auctions and centralisation - Quintus 
• Flashbots – The Good, Bad and the Ugly of MEV