Discover and read the best of Twitter Threads about #MEV

Most recents (24)

The recently launched Zeromev by @pmcgoohanCrypto has shed light on the dark forest of #MEV.

#MEV had been harmful to us, crypto users. Here's what you need to know about the impact of MEV and how to avoid it.

A thread🧵

1/10
Let's look into the most occurred MEV on Zeromev: Sandwich attack.

What happened here:
1. A victim's tx (swapping $ETH for $USDC) was sandwiched and received a worse swap rate
2. An attacker net a profit from frontrun (sell $ETH at high price) and backrun (buy $ETH at low)

2/10
Let's dive into the txs details

1. Frontrun tx

An attacker
- sold 169.12 $ETH for 183,725 $USDC (avg sold price = 1,086.36)
- paid 0.008 $ETH as tx fee

Now, $ETH price decreased as there are more $ETH and less $USDC in the pool.

3/10
Read 11 tweets
MEV🤝Users
A lot of the focus on MEV has been on Miners & Searchers. However, with PoS we may see some interesting social effects for Users

We discuss:
>ETH MEV Players
>MEV Economic Market Structures
>PoS
>Solana MEV
>MPSVs
>Game Theory

@ReciprocalVC

recvc.com/mev-2-0-the-ri…
We first review the current ecosystem.

Today's market consists of predominantly two players: Miners and MEV Searchers.

Some of the greatest innovation has come from Flashbots.net which has been trying to "democratize" MEV
We next explore the economic market structures in place today which includes taking a look at:

1. Oligopolies
2. Monopolistic Competition
3. Perfect Competition

Although theoretical - with PoS we may see a theoretical Perfectly Competitive MEV market start to form.
Read 12 tweets
1/9 Take a look at the top 5 🥪 in our daily report eigenphi.notion.site/Sandwich-Arbit…
2/9 First victim tried to swap 2,360 $WETH worth about $3.8M and got squeezed by the attacker, who reaped $7K from the deal. #MEV 🤖️ made $6,963.70 with a ROI of 53.72% through a sandwich #arbitrage , using ( $USDC , $WETH , $DAI , $USDT , $WBTC ). eigenphi.io/ethereum/tx/0x…
3/9 The contract being used in the last tx is
a #MEV Master!
With 100% #sandwich #arbitrage, this #MEV BOT made $101,091.77 in 7 days, through 888 #arbitrage transactions on ethereum, earned a 21.08% ROI.
Favorite LP: UniswapV3 LP, $USDC / $WETH eigenphi.io/ethereum/contr…
Read 9 tweets
1/9 Take a look at the top 5 🥪 in our daily report eigenphi.notion.site/Sandwich-Arbit…
2/9 First victim tried to swap 2,360 $WETH worth about $3.8M and got squeezed by the attacker, who reaped $7K from the deal. #MEV 🤖️ made $6,963.70 with a ROI of 53.72% through a sandwich #arbitrage , using ( $USDC , $WETH , $DAI , $USDT , $WBTC ). eigenphi.io/ethereum/tx/0x…
3/9 The contract being used in the last tx is
a #MEV Master!
With 100% #sandwich #arbitrage, this #MEV BOT made $101,091.77 in 7 days, through 888 #arbitrage transactions on ethereum, earned a 21.08% ROI.
Favorite LP: UniswapV3 LP, $USDC / $WETH eigenphi.io/ethereum/contr…
Read 9 tweets
1/5 #DeFi #Arbitrage #MEV #BNBChain daily report from EigenPhi. EST period: 10/06~11/06 7 am. Completely different story on #BNBChain without horrifying numbers.
2/5 These 3 txs are the highlights of the day. 35 cents help this #MEV 🤖️ made $17,971.40 through a triangular #arbitrage , using ( $USDT , $WBNB , $TRX ) eigenphi.io/bsc/tx/0x363a4…
3/5 #MEV 🤖️ made $8,721.01 with 53 cents through a triangular #arbitrage , using ( Z7 token by @Z7DAOofficial , $WBNB , $BUSD ) eigenphi.io/bsc/tx/0x1f550…
Read 5 tweets
1/8 $420M was exposed to the searchers of #MEV. Huge increase. The profit reached 10-days high. $stETH ripple effect played a big part in it, without a doubt.
#DeFi #Arbitrage #MEV #Ethereum #BSC daily report from EigenPhi. EST period: 10/06~11/06 7 am.notion.so/eigenphi/Arbit…
2/8 And the liquidation reached 15-days high. Check out these 2 liquidations. eigenphi.io/ethereum/liqui…
3/8 In terms of arbitrage, 84 earned profits over $1K, 6 times last time, and ROI 91.2%.
Read 8 tweets
1/8 #DeFi #Frontrunning #MEV #Ethereum 🥪 daily report from EigenPhi. EST period: 09/06~10/06 7 am. eigenphi.notion.site/Sandwich-Arbit… More 🥪 got profit over $1K.
2/8 P/L distribution can help you find the most and least cost-effective arbitrages of the day.
3/8 Like this one #MEV 🤖️ 's cost was over $12K and made $1,131.74 with a ROI of 9.09% through a sandwich #arbitrage , using ( $$WIND , $WETH , $USDC ). It put over $3.5M to use. eigenphi.io/ethereum/tx/0x…
Read 8 tweets
#DeFi #Arbitrage #MEV #BSC daily report from EigenPhi. EST period: 09/06~10/06 7 am. eigenphi.notion.site/Arbitrage-Dail…
The tx of the day, no, the tx of the week, is this #MEV 🤖️, with the cost of 47 cents, it made $30,219.84 through a combination #arbitrage , using ( $XMS , $WBNB , $USDm , $BUSD ) eigenphi.io/bsc/tx/0x5e97a…
And you got to check out the contract: a #MEV Master!
With 41.04% #combination #arbitrage, this #MEV BOT made $97,324.84 in 7 days, through 3566 #arbitrage transactions on bsc, earned a 4648.44% ROI.
Favorite LP: Pancake LPs, $WBNB / $BUSD eigenphi.io/bsc/contract/0…
Read 5 tweets
1/4 #DeFi #Arbitrage #MEV #Ethereum eigenphi.notion.site/Arbitrage-Dail… daily report from EigenPhi. EST period: 09/06~10/06 7 am. Seems not too exciting. But you may not know that still almost $200M was exposed to #MEV and #Frontrunning yesterday. ImageImageImage
2/4 The overall ROI of #MEV 🤖 was only 26%, already better than the last time. ImageImage
3/4 No tx is too exciting. Hard to believe this was the best performanced MEV:
top 🥪 Attack: #MEV 🤖️ made $2,631.13 with a ROI of 403.92% through a sandwich #arbitrage , using ( $USDT , $USDC , $variableDebtUSDT , $aWETH , $WETH , $aUSDT ). eigenphi.io/ethereum/tx/0x…
Read 4 tweets
1/8 #DeFi #Frontrunning #MEV #Ethereum 🥪 daily report from EigenPhi. EST period: 09/06~10/06 7 am. eigenphi.notion.site/Sandwich-Arbit… More 🥪 got profit over $1K.
2/8 P/L distribution can help you find the most and least cost-effective arbitrages of the day.
3/8 Like this one #MEV 🤖️ 's cost was over $12K and made $1,131.74 with a ROI of 9.09% through a sandwich #arbitrage , using ( $$WIND , $WETH , $USDC ). It put over $3.5M to use. eigenphi.io/ethereum/tx/0x…
Read 8 tweets
#DeFi #Arbitrage #MEV #BSC daily report from EigenPhi. EST period: 09/06~10/06 7 am. eigenphi.notion.site/Arbitrage-Dail…
The tx of the day, no, the tx of the week, is this #MEV 🤖️, with the cost of 47 cents, it made $30,219.84 through a combination #arbitrage , using ( $XMS , $WBNB , $USDm , $BUSD ) eigenphi.io/bsc/tx/0x5e97a…
And you got to check out the contract: a #MEV Master!
With 41.04% #combination #arbitrage, this #MEV BOT made $97,324.84 in 7 days, through 3566 #arbitrage transactions on bsc, earned a 4648.44% ROI.
Favorite LP: Pancake LPs, $WBNB / $BUSD eigenphi.io/bsc/contract/0…
Read 5 tweets
1/4 #DeFi #Arbitrage #MEV #Ethereum eigenphi.notion.site/Arbitrage-Dail… daily report from EigenPhi. EST period: 09/06~10/06 7 am. Seems not too exciting. But you may not know that still almost $200M was exposed to #MEV and #Frontrunning yesterday. ImageImageImage
2/4 The overall ROI of #MEV 🤖 was only 26%, already better than the last time. ImageImage
3/4 No tx is too exciting. Hard to believe this was the best performanced MEV:
top 🥪 Attack: #MEV 🤖️ made $2,631.13 with a ROI of 403.92% through a sandwich #arbitrage , using ( $USDT , $USDC , $variableDebtUSDT , $aWETH , $WETH , $aUSDT ). eigenphi.io/ethereum/tx/0x…
Read 4 tweets
#DeFi #Frontrunning #MEV #Ethereum 🥪 daily report from EigenPhi. EST period: 08/06~09/06 7am.
notion.so/eigenphi/Sandw… #Frontrunning is definitely not a good business. Check out all those red cost bars! And the ROI of the last 24 hours decreased 43% to 23%. ImageImageImage
All the distribution were telling the same story. Image
But this Top 🥪 Attack: #MEV 🤖️ did have a good $lunch: made $635.28 with a ROI of 5070.68% through a sandwich #arbitrage , using ( $LUNCH , $WETH , $USDC ). eigenphi.io/ethereum/tx/0x…
Read 8 tweets
#DeFi #Arbitrage #MEV #BSC daily report from EigenPhi. EST period: 08/06~09/06 7am. eigenphi.notion.site/Arbitrage-Dail… The total revenue was still hanging around $110K. ImageImage
Txs worth noticing: #MEV 🤖️ made $3,835.19 through a triangular #arbitrage , using ( #10SET , $WBNB , $MMPRO ) eigenphi.io/bsc/tx/0x29230…
32 cents enabled this #MEV 🤖️ making $3,180.30 through a triangular #arbitrage , using ( $USDT , $WBNB , #SuperDAO ) eigenphi.io/bsc/tx/0x9fdca…
Read 4 tweets
As we're seeing the earliest signs of #MEV on #L2 taking off, let's take a minute to consider some perceived design/architecture choices and trade-offs which L2 teams have to consider.🧵
1) Balance the needs of your stakeholders:
- End users don't want to get sandwiched, users need to be adamant with setting (max) slippage

- Arbitrageurs bring volume/activity to the rollup and can help with eliminating pricing/timely liquidations etc.
2) Trust assumptions:
- if you can trust the sequencer not to front-run, things are fine,
- if you don't they're likely not
- but: MEV protection mechanism may introduce additional trust assumptions
Read 8 tweets
1/ 🧵
#danksharding, #PBS, #crList, #blob transactions...

Seems #Ethereum has an affinity for making up words these days! And it all starts with (the normal sounding) #calldata

Let's figure out why, define some of these ridiculous terms, and see how #ETH can get even better
2/ #Rollups (RU) post their compressed L2 batched transactions as calldata onto mainnet Ethereum. But what does that mean and what is calldata?
#l222
Calldata (CD) is a specific form of read-only memory data used by smart contracts to call external functions. Image
Once a RU has batched enough txs, it posts this state transition change in a compressed form to the L1 via CD.
RUs currently utilize L1 CD for data storage, which is limited to ~10KB per block. This is so anyone has the ability to reconstruct the chain & verify the latest state Image
Read 28 tweets
If #bitcoin is sound money, how is #Ether @ultrasoundmoney? 🧵 👇🏻
1/ Among proponents of #bitcoin, one of the widely endorsed narratives is that of bitcoin or digital currencies being sound money.
2/ This idea of sound money stems from the fact that unlike government-issued fiat currencies, which rely on fractional reserves; with decentralised digital currencies, there is no individual or group with executive power who can change the fundamental attributes of the currency.
Read 33 tweets
Welcome to Crypto FI's educational, no BS platform of Crypto, Economics and Financial Freedom ✍️

This is a 🧵 of links to my informative 🧵's.
Hope that this provides value to your crypto journey.

We don't know what the future holds, follow me here to take advantage of it.
Read 33 tweets
A Thread on #Marketing Advice for #Flashbots 🧵

"Flashbots is a research and development organization working on mitigating the negative externalities of current MEV extraction techniques and avoiding the existential risks #MEV could cause to state-rich #blockchains."
Most of the articles and information available on #Flashbots are aimed at developers and technical people. Technical knowledge is needed to realise the full potential of Flashbots. On the other hand, it also limits the possible tool adoption among users for its other benefits.
Active #Crypto users can use the #flashbot tool for various benefits. These users would include people who regularly use #DeFi protocols or mint #NFTs. A few ways these users can benefit from flashbot are:
1. Front running protection
2. No failed transaction
3. Block Priority
Read 7 tweets
Future of MEV opportunities on Solana 🧵👇

would love @aeyakovenko and @buffalu__ thoughts on this to ensure accurate information.
#MEV #Solana
1/x
Solana currently only has an internal mempool of pending TXs and not external/public.
This means MEV opportunities only exist in terms of
- running your own validator
- inspecting TXs that come your way
- running your own MEV code on top (not easy but feasible)
2/x
There is also no fees market, so there is no way for MEV searchers to incentivize validators to order Txs based on fees 'yet'!
3/x
Read 9 tweets
The goal of the #IOTA project is to accelerate the world's transition to a global, immutable, censorship-resistant, game-theoretically secure, public and #feeless ledger capable of being validated by low-end hardware (as to maximize decentralization & minimize #CO2 output). 🧵👇
In other words: the #IOTA project is an evolution of the work Satoshi Nakamoto started with #Bitcoin. At its core, the premise is quite simple:

But why is this important? Many reasons. Here's just one of them:

Read 13 tweets
1/ Long-Tail Miner Extractable Value (LTMEV) is one of the most secretive forms of MEV. Not only is it highly competitive, cartels of super shadowy coders lurk in the shadows to maximize profit. Below is #LTMEV from @ConvexFinance that earned us $23,200 profit in only 25 days🧵👇
2/ First, what is MEV again? Some call it Miner Extractive Value, others call it Maximal Extractable Value. From a MEV finder's perspective, a simple definition is:

Revenue (ETH / TKN) - Gas Cost (ETH) = Profit (MEV)

If the profit margin is high enough, TKN exposure matters not
3/ @ConvexFinance boosts your @CurveFinance #CRV rewards. How? They reinvest the CRV on your behalf automatically back into your position for you, compounding your reward income over time. But how do they do that in a decentralized way?
Read 10 tweets
@pmcgoohanCrypto discovered Miner Extractable Value (MEV) in 2014. In this episode of the ChainLinkGod podcast, @ChainLinkGod and @Crypto___Oracle discusses with P Mcgoohan what is MEV, its implications, and possible solutions for it.

Read on 👇
@pmcgoohanCrypto @ChainLinkGod @Crypto___Oracle 1/ P Mcgoohan is an analyst coder. He has been doing algorithmic trading for the past 20 years 📈📈

In 2014, he brought up the topic of MEV (called it "miner frontrunning" back then):

🔹Some understood it straightaway💡
🔹Others said it will get sorted out later 🕛🕒🕕🕘

#mev Image
@pmcgoohanCrypto @ChainLinkGod @Crypto___Oracle 2/ He knew that MEV will become an issue

🚨Ethereum block creation was borrowed from Bitcoin
🚨For Bitcoin, transaction order does not matter as people are not accessing a shared resource
🚨In Ethereum, people are competing to use shared resources Image
Read 13 tweets
I don't think I've ever heard @hasufl being so euphoric and excited during his talks, but his chat with @mevintern is worth the listen!!! #MEV ALPHA below:

> Reorgs
> MEV Overview
> Flashbots
> Searchers
> MEV Strategies

and much more. Notes below!
Specifically on ETH Reorgs & discussions:
Read 4 tweets

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