diff --git a/private_order_flows/README.md b/private_order_flows/README.md
index b604454..8bcd2eb 100644
--- a/private_order_flows/README.md
+++ b/private_order_flows/README.md
@@ -1,10 +1,13 @@
-## MEV private order flows solutions
+## private order flows solutions
+
#### private order flow protocols (POFPs)
+
+
* rpc-based mev solutions (private order flow)
-* private orderflows are realized by modifying either the user's rpc or by modifying the protocol's frontend
+* private order flows are realized by modifying either the user's rpc or by modifying the protocol's frontend
* the goal of private order flow protocols (POFPs)
@@ -24,13 +27,15 @@
### stat arbs
-* if CEX is greater than the price on chain (on theDEX), stat arbs will buy on the DEX and hedge on the CEX -> confident that the DEX price will drift towards the CEX price, but not confident that will happen to the CEX price
+
+
+* if CEX is greater than the price on chain (DEX), stat arbs can buy on the DEX and hedge on the CEX -> confident that the DEX price will drift towards the CEX price, but not confident that will happen to the CEX price
* problem: settlement mismatch -> CEX trades are fast but blockchains aren't -> start arbs are unsure if the trade will land or competitors will beat them
* from the time between trade submission and receipt of the next block, the trade (their exposure to the assets) is uncertain
* the greater the uncertainty, the more the profit estimate needs to be marked down
-* while volatility of the token is important, the longer the time period between blocks, the longer tx remains, and the longer can go without being fully hedged
+* while volatility of the token is important, the longer the time period between blocks, the longer tx remains, and the longer it can go without being fully hedged
* as block time increases, stat arb MEV profit estimates get marked down -> payments made by stat arbers to miners/validators or to users/traders decrease
-* conclusion: the battle between PFOF-style MEV could lead to increase block times for stat arbers, decreasing combined realzied MEV
+* conclusion: the battle between PFOF-style MEV could lead to increase block times for stat arbers, decreasing combined realized MEV
@@ -38,6 +43,8 @@
#### resources
+
+
* [private order flow and the block builder market, by jon charbonneau](https://twitter.com/jon_charb/status/1562916372505665536)
* [ethereum's biggest issue no one's talking about](https://mariusvanderwijden.github.io/blog/2022/10/21/lightclients/)