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34 lines
1.3 KiB
Markdown
34 lines
1.3 KiB
Markdown
## 🤖 Flashbots
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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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- 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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<br>
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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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<br>
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----
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<br>
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## Tools and resources
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<br>
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* [mev bundle generator](https://github.com/Alcibiades-Capital/mev_bundle_generator)
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