Episode 378
Robert Miller (Flashbots) on Decentralizing Block Building with SUAVE (EP.378)
On The Brink with Castle Island · Castle Island Ventures
December 5, 20221h 18m
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Show Notes
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