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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mev-inspect-py

Tool to inspect maximal extractable value for Ethereum: mev-inspect-py. If shows: miner payments, tokens transfers and profit, swaps and arbritages.

Pre-requisites:

• k8s's kind
• docker
• helm
• an RPC_URL

MEV-geth

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

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

• mev bundle generator