Blockchain MEV Minimization Solution with Price Guarantee Reward - Transaction Ordering and Security
Ethereum Engineering Group via YouTube
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Watch a technical presentation exploring a novel solution for minimizing Maximal Extractable Value (MEV) in blockchain systems through a price guarantee reward mechanism. Dive into Dr. Babu Pillai's research examining how miners extract additional revenues from their privileged position in block production, potentially compromising network security and user interests. Learn about the proposed PBS (Proposer-Builder Separation) model that separates transaction sequencing from execution, along with its limitations regarding trust and incentives. Explore an innovative approach introducing separate incentive schemes for different blockchain participants, complete with detailed analysis of transaction order dependency, various attack types, and the minimum slippage model. Understand the properties of the new price reward scheme and its implications for payment systems, builder payments, and exchange slippage in blockchain networks.
Syllabus
Introduction
Agenda
Context
Transaction order dependency
Different types of attacks
What is MEV
Risk and benefit
Goal
Proposal Builder separation
Kit model
Research Direction
Research Challenge
New Price Reward Scheme
Minimum Slippage Model
Properties
Conclusion
Payment system
Builder payment
Exchange slippage
Taught by
Ethereum Engineering Group