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The Gwart Show | Bitcoin Tech & Culture

Behind The MEV Mask With Dean Eigenmann

May 12, 2024
54:15

Dean Eigenmann, a Miner Extractable Value (MEV) searcher, joins The Gwart Show to give an insiders look into the MeV landscape, strategies, decentralization challenges, and regulatory concerns. He discusses key differences between Ethereum and Binance Smart Chain, DeFi's future, L2 developments, and offers a critique of Bitcoin.


00:00 Start

01:23 Dean intro

02:16 MEV = Oligopoly

03:19 Builder centralization on ETH

04:36 PBS design

05:53 Enshrined PBS

07:32 Atomic strategies & inventory risk

09:02 Censorship

10:29 Censorship & geographic distribution

12:46 MEV on BSC

13:43 MEV developer crossover

13:59 What chains do they do?

14:49 MEV on Solana

15:42 Faster chain = less MEV?

16:46 MEV on L2's?

17:46 Shared sequencing

20:06 Intents

22:17 Operating at a loss

23:52 AMM execution

24:52 Define MEV?

25:13 Is sandwiching bad still?

26:57 Private relays

28:05 Can you prevent private relays?

29:11 Is there a way to promote geographic distribution?

30:48 Is MEV like High feq trading?

32:06 Timing games

33:12 SEP of BSC

33:38 MEV searchers on the downlow

35:39 Legal aspects of MEV

36:30 Sandwiching illegal?

39:49 Regulating builders

40:31 OFAC transactions

41:41 Encrypted mempools

43:11 Ideology

45:15 What's missing

45:58 Restaking

46:42 Rollups good?

47:39 Bullish L2's?

49:06 ETH L1 innovation

49:57 Thoughts on Solana?

50:56 BSC happenings?

52:31 Bitcoin sucks


Follow our guest on Twitter: @DeanEigenmann


Follow our host: @gwartygwart


👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.


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