Solana’s MEV Problem | Eugene Chen, Lucas Bruder

Season 4 | Episode 6

In this episode of Bell Curve, we are joined by Eugene Chen and Lucas Bruder to discuss MEV on Solana. We compare Solana's MEV market to Ethereum's and then delve into the unique MEV challenges from Solana's high-throughput design. Our conversation then turns to Solana's missing mempool, spam reduction strategies, resource pricing, and a detailed explanation of Jito's MEV solution. Eugene and Lucas also shed light on Solana's fee markets, Firedancer, the role of latency, and the tradeoffs of CLOBS and AMMs (this one's spicy).

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Timestamps:

(00:00) Intro: Pre-Interview

(02:56) Solana MEV 101

(13:29) Spam: 58% of Solana's Compute is on Failed Txs

(18:13) Jito's Design

(25:06) Jito vs Flashbots Adoption

(33:40) “Rook Ad”

(35:32) Who Captures the MEV?

(38:22) The Problems with MEV in Solana Today

(41:58) Solana’s Fee Markets

(49:58) PBS on Solana?

(52:43) Co-Location Incentives

(56:13) Jump and Firedancer

(58:27) DeFi on Solana

(1:03:56) CLOBS vs AMMs

(1:14:10) The Role of Latency

(1:20:14) Recap: Post-Interview

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Follow Lucas: https://twitter.com/buffalu__

Follow Eugene: https://twitter.com/0xShitTrader

Follow Hasu: https://twitter.com/hasufl

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

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Subscribe on Spotify: https://spoti.fi/3cpKZXH

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This episode is brought to you by Rook. Close to a billion dollars has already been taken out of users’ pockets through MEV. Rook built a solution that automatically drives this value back to where it belongs: with the users and applications that create it.

If you use on-chain products, tell your wallet, favorite app and go-to node provider to use Rook; if you're a developer, message us today to find out how to integrate Rook with your product. Follow Rook on Twitter and them a message at https://twitter.com/Rook.

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Resources:

Jito

https://www.jito.wtf/

https://twitter.com/jito_labs

Ellipsis Labs

https://ellipsislabs.xyz/

https://twitter.com/ellipsis_labs

@0x94305

https://twitter.com/0x94305

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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.