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2 posts tagged with "sgx"

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ยท 20 min read

TLDR:

  • After successfully isolating the centralizing effects of MEV to the block builder role, we turn ourselves toward a new challenge: to decentralize block building itself. Exclusive orderflow and cross-domain MEV present emerging centralization threats to all cryptocurrencies, so we must make sure to keep MEV decentralized, or the decentralization of crypto will be lost.
  • To hold ourselves to our decentralization commitments, we are building SUAVE - the Single Unifying Auction for Value Expression.
  • SUAVE unbundles the mempool and block builder role from existing blockchains and offers a highly specialized and decentralized plug-and-play alternative. Sharing the same sequencing layer allows crypto to stay decentralized, block builders to capture cross-domain MEV, validators to maximize their revenue, and users to transact with the best execution, while reducing the economic centralization pressure on each domain.
  • We are building SUAVE in the open and invite all interested parties โ€” users, wallets, searchers, builders, researchers, and blockchain developers โ€” to work with us.

ยท One min read

While Flashbots Alpha has been and continues to be successful it offers incomplete trust guarantees. It is not permissionless because miners who adopt it have to be whitelisted by MEV-Relay in order to be forwarded bundles. It is not completely private because bundles can be seen by miners prior to inclusion on-chain. Lastly, Flashbots Alpha offers no finality protection against chain reorgs. While finality is important, we are focusing first on permissionless and complete privacy as the next design goals to achieve.