## 🤖🔪 flashbots

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### tl;dr

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* 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:
    - **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.

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### auction architecture

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- searcher: bots looking for access to blockspace, users frontrunning protection on their transactions, and dapps
- relay
- miner

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### resources in this repo

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* [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)