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🤖🔪 flashbots

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## 🤖 Flashbots
## 🤖🔪 flashbots
<br>
* Flashbots is a research and development organization focused on mitigating the negative externalities of current MEV extraction techniques and avoiding the existential risks MEV could cause to state-rich blockchains like Ethereum.
* Flashbots try to move the problem to another area to prevent clogging up the Ethereum network and giving it more clarity. I works by reducing MEV's complexity by three fronts:
- tools to inspect and quantize the impact of MEV. This helps reduce the information asymmetry and people can understand the problem and its impact better. (MEV-Inspect).
- Democratize the extraction of MEV. The power to extract MEV exists in the hands of few people so they provide tools for everyone to start extracting MEV. (MEV-Geth)
- Distribute the benefit of MEV. Currently, the miners and validators extract a disproportionate amount of benefits. So it’s important to redistribute these to all the participants.
### tl;dr
<br>
### The auction architecture relies on 3 parties:
* flashbots is a research and development organization focused on mitigating the negative externalities of current MEV extraction techniques and avoiding the existential risks MEV could cause to state-rich blockchains like Ethereum.
- searcher: bots looking for access to blockspace, users frontrunning protection on their transactions, and dappas with advanced use cases
* flashbots try to move the problem to another area to prevent clogging up the Ethereum network and giving it more clarity. I works by reducing MEV's complexity by three fronts:
- **inspect and quantize the impact of MEV**: this helps reduce the information asymmetry and people can understand the problem and its impact better (mev-Inspect).
- **democratize the extraction of MEV**: the power to extract MEV exists in the hands of few people so they provide tools for everyone to start extracting MEV (mev-feth, mev-boost).
- **distribute the benefit of mev**: currently, the miners and validators extract a disproportionate amount of benefits. So it’s important to redistribute these to all the participants.
<br>
---
### auction architecture
<br>
- searcher: bots looking for access to blockspace, users frontrunning protection on their transactions, and dapps
- relay
- miner
<br>
----
### resources in this repo
<br>
* [scripts](https://github.com/bt3gl-labs/1337_mev_toolkit/tree/main/flashbots/scripts)
* [tools](https://github.com/bt3gl-labs/1337_mev_toolkit/tree/main/flashbots/tools)
* [mev-boost stuff](https://github.com/bt3gl-labs/1337_mev_toolkit/tree/main/flashbots/mev-boost)
----
<br>
## Tools and resources
### other resources
<br>