Cost of Feudalism: Towards a Theory of MEV | Devcon Bogotá
Channel: Ethereum Foundation
Date: 14/10/2022

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https://archive.devcon.org/archive/watch/6/cost-of-feudalism-towards-a-theory-of-mev/

Maximal Extractable Value (MEV) is excess value captured by miners/validator. This excess value often comes from reordering, censoring, or inserting new transactions that allow a miner to front-run users' transactions. Is MEV *always* bad? Can it sometimes lead to good equilibria for users? We modify tools from algorithmic game theory and probability to prove some surprising paradoxes — *some* MEV improves trading efficiency in networks of automated market makers.

Speaker(s): Tarun Chitra, Guillermo Angeris
Skill level: Advanced
Track: Cryptoeconomics
Keywords: MEV,algorithmic game theory

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Devcon is the Ethereum conference for developers, researchers, thinkers, and makers. 
Devcon 6 was held in Bogotá, Colombia on Oct 11 - 14, 2022.
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