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link to shapella update
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MEV_by_chains/MEV_on_Ethereum/ethereum_2.0/shapella.md
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MEV_by_chains/MEV_on_Ethereum/ethereum_2.0/shapella.md
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## shangai updates
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<br>
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### tl; dr
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<br>
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* the [shapella upgrade](https://blog.ethereum.org/2023/03/28/shapella-mainnet-announcement) added changed to the execution layer (shanghai), consensus layer (capella), and the engine API, being the last piece of the puzzle that marks the completion of ethereum’s transition to pos.
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* To make it possible to unlock their staked ETH, shapella introduces `BLSToExecutionChange` (BTEC) message to the consensus layer, which allows validators to set the execution address for withdrawals. the beacon chain can only process a maximum of 16 withdrawals per block, with the limit in place to maintain network security.
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* EIPS: EIP-3651, EIP-3855, EIP-3860, EIP-4895, EIP-6049
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* Boards: [nansen](https://twitter.com/nansen_ai/status/1645696820348321793), [dune by 21 shares](https://dune.com/21shares_research/shanghai-upgrade-coundown)
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<br>
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---
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### resources
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<br>
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* [staking rewards](https://www.stakingrewards.com/)
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* [the ultimate guide for shapella, by perpetual](https://perpprotocol.mirror.xyz/Ng0NmBHmMgOKfrZhtR_lDv1JG-Out79NUB5b0OfLDB8)
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* [shangai updates and warm fees, by min](https://www.livemint.com/market/cryptocurrency/ethereum-insiders-to-get-fee-cuts-that-others-won-t-in-upgrade-11667749979740.html)
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## shangai updates
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<br>
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### tl; dr
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<br>
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* WARM coinbase: reduce fees paid by builders (26x lower?), high-volume trading savings
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<br>
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---
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### resources
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<br>
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* [shangai updates and warm fees, by min](https://www.livemint.com/market/cryptocurrency/ethereum-insiders-to-get-fee-cuts-that-others-won-t-in-upgrade-11667749979740.html)
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