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#### 👾 maximal extractable value (MEV) encompasses the profits generated by participant parties in the block production supply chain, a revenue stream generated from priority gas auction (PGA).
#### 👾 maximal extractable value (MEV) encompasses the profits generated by participant parties in the block production supply chain. *the most valuable commodity is information*.
#### 👾 MEV extraction can be a force of good in a non-predatory blockspace free-market as an incentive for economic security. order flow toxicity is a trader's exposure to counter-parties that possess private informational advantages - *the most valuable commodity is information*.
#### 👾 MEV extraction can be a force of good in a non-predatory blockspace free-market as an incentive for economic security. order flow toxicity is a trader's exposure to counter-parties that possess private informational advantages (e.g., through priority gas auctions).
#### 👾 the discussion around MEV started by [pmcgooohan](https://twitter.com/pmcgoohancrypto?lang=en) on [e/ethereum](https://www.reddit.com/r/ethereum/comments/2d84yv/miners_frontrunning/), and it was formalized by [phildaian](https://twitter.com/phildaian)'s paper [flash boys 2.0](https://arxiv.org/abs/1904.05234).