mev-toolkit/flashbots

🤖 Flashbots

• 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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Tools and resources

• mev bundle generator