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
99
140
536
Replies
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 which has been trying to "democratize" MEV
1
0
21
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.
1
0
13
Next we briefly discuss Proof-of-Stake and how the dynamic changes vs. today's Proof-of-Work system.
1
0
10
We then take a look at
@solana
. Although Solana uses Proof-of-History consensus, it's based on a PoS model. Because Solana's Validators are live, we can take some high level learning from this ecosystem even though it is different.
@jito_labs
may bridge some of these differences
1
0
13
With this background we then jump into the rise of MPSVs - a theoretical paradigm we may see playing out in the future MEV space (post PoS launch).
1
0
10
MEV PVP
We next take a look at some economic game theory (i.e. prisoner's dilemma) to understand what the theoretical Nash Equilibrium could be in such a world - (1) first looking at Validators & MEV Searchers and then (2) Validators vs Validators.
1
0
11
Finally we discuss the MPSV Flywheel and how they could ultimately end up benefiting the Users overall.
1
0
8
Would love to hear thoughts from the galaxy brains
@hasufl
@bertcmiller
@buffalu__
@mevintern
@segfaultdoctor
@aeyakovenko
#MEV
2
0
9
2
0
3
0
0
1
@analyticalali
@ReciprocalVC
Hey, great article!
I however disagree that this is true democratization
ETH HOLDers benefit, not the users. They need not be same
It is rent-seeking for the users as the user still doesn't get any benefit for using Ethereum
0
0
0
1
0
1