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block builders aggregation notes

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dr. mia von steinkirch, phd 2023-02-07 08:49:38 -08:00 • committed by GitHub
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MEV_on_Ethereum/block_builders.md
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## block builders ## block builders on ethereum
### tl; dr ### tl; dr
* builders will aggregate txs from users, MEV searchers, and own private order flow to make the highest value blocks possible
* `blockValue` = `txFees` + MEV * `blockValue` = `txFees` + MEV
* block bidding is carried out as a sealed bid auction * block bidding is carried out as a sealed bid auction
* however, searchers can pay the builder through either coinbase payments and `txsFees` * however, searchers can pay the builder through either coinbase payments and `txsFees`
* builders with exclusive private orderflow should create the most valuable block.
* builders having its blocks included consistently incentivizes more private order flow (searchers want their tx included)
* builder can be selling future blockspace upfront so market makers or protocols can secure block space for their transactions or users
<br>
---- ----
### resources ### resources