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#### 👾 maximal extractable value (MEV) encompasses the profits generated by participant parties in the block production supply chain. for searchers, this revenue can be generated from arbitrage when reducing the price spread between markets (which is also reflected in impermanent loss of liquidity providers), slippage loss of swap users, frontrunning users' transactions, among other [strategies](MEV_strategies).
#### 👾 maximal extractable value (MEV) encompasses the profits generated by participant parties in the block production supply chain. for searchers, this revenue can be generated from arbitrage when reducing the price spread between markets, slippage loss of swap users, frontrunning users' transactions, among other [strategies](MEV_strategies).
#### 👾 the public 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 [phildaiann et. al](https://twitter.com/phildaian)'s paper [flash boys 2.0](https://arxiv.org/abs/1904.05234).