MEV Roast 12 Agenda: MEV from A to Z

[CarboClanC]

Date: Thursday, Feb 25
Time: 11:30am EST / 8:30am PST / 4:30pm UTC / 12:30am China Standard Time

Tl;dr: How large is MEV? Why does MEV matter as a security metric to protocol designers and users? What is the animal mascot for MEV and why is a platypus the correct answer? Follow the release of MEV-explore v0 (explore.flashbots.net) this week, join us on an exploratory tour of MEV with Flashbots & Roast Master Hudson Jameson into the methods and preliminary results of quantifying MEV: from the currently Extracted MEV to the Total Extractable MEV in any given block.

MEV Roast is a monthly tradition from the MEV Pi-rate Ship, a neutral, chain-agnostic, interdisciplinary research collective that supports MEV-related theoretical and empirical research.

Conference Link | Flashbots Calendar | Slides

Part 0: Introduction & Memes (10min)

• MEV Russian Doll: a Strawman decomposition
• Flashbots & MEV

Part 1. MEV: from A to Z (50min)
Each Roast we will invite MEV Ship research collective members to present insights from MEV-related research they are working on or interesting early stage proposals for community feedback.

• Extracted Value: quantifying on-chain MEV activities on Ethereum
  • Navigator: Alex Obadia (Slides) (10min)
  • Roast Q&A (10min)
• Extractable Value: Clockwork Finance - A Mechanized Framework for Economic Security in Smart Contracts (8min)
  • Navigator: Phil Daian (Slides) (15min)
  • Roast Q&A (15min)

Part 2. Roast Questions (30min)
Q1: Can a contract or program be developed that detects different types of MEV and instructs a contract to reverse transactions that front run, censor, or re-order transactions?
Q2: Does MEV include information that hasn’t hit the chain yet, such as a transaction from a separate chain, like Cosmos or Avalanche, that is clearly on it’s way to Ethereum, is there new ways for miners to look at other chain's bridge transactions to get rewarded? Can patterns develop outside of the enclosed main protocol that can influence protocol level actions?
Q3: If a miner is looking at an oracle feed and knows or can delay the oracle data result, is that MEV? Example: Betting on the sports game and a miner can bet on a game’s outcome before the oracle settles the game if they know what the oracle is about to say?
Q4: Have mining pools openly admitted to doing MEV tactics to increase their profits and if so, what position do they take with regards to MEV?
Q5: What is the animal mascot for MEV and why is a platypus the correct answer?

More resources:
Past MEV Roasts recaps | MEV Research Vault