MEV Roast 15 Agenda - PBS on Ethereum Roadmap

[CarboClanC]

Date: Friday, Dec 3, 2021 Time: 4:30pm UTC / 11:30am ET / 8:30am PT Roast Master: Hasu

MEV Roast is a candid discussion on MEV research questions with Flashbots, stemming from the tradition of MEV Pi-rate Ship, a neutral, chain-agnostic, interdisciplinary research collective that supports MEV-related theoretical and empirical research. Agenda will be subject to change, the Roast Master will steer the discussion with Roast Questions.

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Part 0: Proposer/Builder Separation Context (10min)

• Roast Master: Hasu (Slides)

Part 1. Treasure Maps (90min) 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.

• How PBS works and why it is important to Ethereum

  • Navigator: Vitalik (Slides)
    • Resources:
      • Proposer/block builder separation-friendly fee market designs EthResearch post by Vitalik (Jun 4, 2021)
      • Two-slot proposer/builder separation EthResearch post by Vitalik (Oct 10, 2021)
      • Updated Ethereum Roadmap Diagram by Vitalik (Dec 2, 2021)

• PBS Censorship-resistance Schemes: ... and how to make them

  • Navigator: Francesco (Slides)
    • Resources:
      • State of research: increasing censorship resistance of transactions under proposer/builder separation (PBS) Notes by Vitalik and Francesco (Nov 22, 2021)
      • Committee-driven MEV smoothing EthResearch post by Francesco (Aug 13, 2021)

• MEV-boost: The closest we can get to PBS without PBS

  • Navigator: thegostep (Slides)
  • Resources:
    • MEV-Boost: Merge ready Flashbots Architecture EthResearch post by thegostep (Nov 4, 2021)
    • MEV-Boost GitHub Repo
    • Flashbots Eth2 Working Group

Part 2: Round Table (50min)

• What are the current known limitations of PBS design and future research areas?
• What can we do until we have in-protocol PBS?
• How do we optimize in-protocol PBS for fast blocks and protection against network latency?

Extra Credit:

• Research Paper

  • Unity is Strength: A Formalization of Cross-Domain Maximal Extractable Value by Alexandre Obadia, Alejo Salles, Lakshman Sankar, Tarun Chitra, Vaibhav Chellani, Philip Daian (Dec 2, 2021)
  • Clockwork Finance: Automated Analysis of Economic Security in Smart Contracts by Kushal Babel, Philip Daian, Mahimna Kelkar, Ari Juels (Sep 9, 2021)
  • Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges by Philip Daian, Steven Goldfeder, Tyler Kell, Yunqi Li, Xueyuan Zhao, Iddo Bentov, Lorenz Breidenbach, Ari Juels (Apr 10, 2019)

• More Resources:

  • MEV.wtf Unconference (July 1, 2021): agenda | video
  • On the Design of MEV Marketplaces blogpost by Robert Miller (Aug 4, 2021)
  • MEV and EIP 1559 research post by Alejo Salles (Jul 18, 2021)
  • MEV in ETH2 research post by Alex Obadia (Jun 8, 2021)
  • MEV-SGX -- A sealed bid MEV auction design by Robert Miller (May 30, 2021)
  • MEV... wat do? blogpost by Phil Daian (Apr 15, 2021)
  • MEV & Me blogpost by Charlie Noyes (Feb 2, 2021)
  • Flashbots: Frontrunning the MEV Crisis EthResearch post by thegostep (Nov 20, 2020)

Past MEV Roasts recaps | MEV Research Vault | MEV-Explore v0 | Flashbots Transparency Dashboard | Flashbots Writings

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