AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
GreenPill
151 - MEV for Public Goods Funding with Nikete Della Penna
Sep 21, 2023
Nikete Della Penna, a mechanism designer, discusses MEV and its potential for supporting public goods. They explore redirecting MEV from financialized interests, the concept of MEB and MEV, frontiers of MEB research, extracting value in decentralized systems, debating precedent and neutrality, and the role of markets as collective intelligence.
48:22
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- MEV can be harnessed to fund public goods and generate welfare-enhancing measures in the network, striking a balance between incentivizing intermediaries and promoting the network's overall welfare.
- Research explores opportunities to constrain intermediaries in low-latency systems and strike a balance between minimizing value extraction and providing welfare-enhancing measures, aiming to incentivize intermediaries to engage in valuable activities while preventing excessive extraction that hampers the network's well-being.
Deep dives
MEV and its Power to Support Public Good
MEV, or minor extractable value, allows miners in a distributed system to extract value by being in a privileged position to create, censor, and reorder transactions. While some argue for minimizing MEV due to its extraction of value, others recognize that intermediaries need incentives to carry out their crucial role. MEV can be harnessed to fund public goods and generate welfare-enhancing measures in the network. The debate lies in determining how to allocate the value extracted from MEV, whether through burning or supporting public goods, to strike a balance between incentivizing intermediaries and promoting the network's overall welfare.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode