The Benefits of Account Abstraction Through the Back Door

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The idea of account abstraction is like abstracting the account that you're sending transactions from, or abstracting away who is paying for transactions themselves. The way that this is enabled is that a the nvg client that miners run and flash pots has created and all these relays support allows you to pay for your transaction through a smart contract. And it actually doesn't discriminate inside of the bundle as to where that is coming from. So you can have one transaction that is paying with a really high gas price or really high block coin baseda transfer, and another transaction which doesn't pay anything at all. It would definitely protect you against reorganization of the block before that.

For our latest episode, I sat down with MEV Senpai, one of the top searchers in Ethereum. He gave us the unique inside perspective of someone who finds and captures MEV himself. The result was a long & intense convo, one of the best I've had in a while.

We discussed:

The structure and actors of the MEV game
What is searching, how can you learn it, what edges exist
Intro to private relays and transaction bundles
The role of Flashbots in DEX trading
and, of course, the hot topic of the day: short-term reorgs in Ethereum

Enjoy!

Listen to conversations between Su Zhu, the CEO and CIO of Three Arrows Capital, and Hasu, an experienced crypto researcher and writer. Together with occasional guests, we explore the transformative nature of trust-minimized currency and financial services.

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