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45 lines
1.5 KiB
Markdown
45 lines
1.5 KiB
Markdown
## 🤖🔪 flashbots
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<br>
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### tl;dr
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<br>
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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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- **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-feth, mev-boost).
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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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<br>
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---
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### auction architecture
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<br>
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- searcher: bots looking for access to blockspace, users frontrunning protection on their transactions, and dapps
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- relay
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- miner
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<br>
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----
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### resources in this repo
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<br>
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* [scripts](https://github.com/bt3gl-labs/1337_mev_toolkit/tree/main/flashbots/scripts)
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* [tools](https://github.com/bt3gl-labs/1337_mev_toolkit/tree/main/flashbots/tools)
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* [mev-boost stuff](https://github.com/bt3gl-labs/1337_mev_toolkit/tree/main/flashbots/mev-boost)
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