## 🤖 Flashbots

<br>

* 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:
    - tools to 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-Geth)
    - 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.


### The auction architecture relies on 3 parties:

- searcher: bots looking for access to blockspace, users frontrunning protection on their transactions, and dappas with advanced use cases
- relay
- miner

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<br>

## `mev-inspect-py`

Tool to inspect maximal extractable value for Ethereum: [mev-inspect-py](https://github.com/flashbots/mev-inspect-py).
If shows: miner payments, tokens transfers and profit, swaps and arbritages.

#### Pre-requisites: 

- [k8s's kind](https://kind.sigs.k8s.io/docs/user/quick-start/)
- docker
- [helm](https://helm.sh/docs/intro/install/)
- an `RPC_URL`

<br>

## MEV-geth

* Software which can be run by miners to mitgate negative externalities of MEV.

<br>


## Flashbots bundle

Steps to access the flashbots network.
  
### Setting a Private key for identity

```
python3 gen_private_key.py
```

### Interacting with Flashbots

Flashbots runs a relay you send bundles at `relay.flashbots.net`.

```
python3 create_bundle.py
```
  
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## Useful repos

<br>

* [mev bundle generator](https://github.com/Alcibiades-Capital/mev_bundle_generator)