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33 lines
1.6 KiB
Markdown
33 lines
1.6 KiB
Markdown
## Flashbots
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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.
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* 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:
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- 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).
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- 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)
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- 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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### The auction architecture relies on 3 parties:
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- searcher: bots looking for access to blockspace, users frontrunning protection on their transactions, and dappas with advanced use cases
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- relay
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- miner
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## `mev-inspect-py`
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Tool to inspect maximal extractable value for Ethereum: [mev-inspect-py](https://github.com/flashbots/mev-inspect-py).
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If shows: miner payments, tokens transfers and profit, swaps and arbritages.
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#### Pre-requisites:
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- [k8s's kind](https://kind.sigs.k8s.io/docs/user/quick-start/)
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- docker
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- [helm](https://helm.sh/docs/intro/install/)
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- an `RPC_URL`
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## MEV-geth
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* Software which can be run by miners to mitgate negative externalities of MEV.
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