MeV
Miguel Palhas
@naps62
Fun
Profit
Some of the most interesting technical challenges, in an inherently competitive environment
Reward for speed, efficiency & creativity is literal money
PvP on-chain
The ability to profit off of pending transactions, by reordering, including or excluding future transactions from being executed
Tx {
Buy 1 ETH on AMM #1
Sell 1 ETH on AMM #2
}
Profit: 1$
AMM #1
ETH price: 1000$
AMM #2
ETH price: 1001$
AMM #1
ETH price: 1000$
AMM #2
ETH price: 1001$
Tx {
Flash-loan 1M$ on Aave
Buy 1000 ETH on AMM #1
Sell 1000 ETH on AMM #2
Repay 1M$ to Aave
}
Profit: 1000$
Arbitrage is one example
(and probably the one with least moral implications)
Long-tail
Exploiting on-chain information before the rest of the world can, which leads to
... a highly competitive environment, which leads to
... testing the system's financial resilience, which leads to
A better and more MeV resistant system
MeV
By Miguel Palhas
