This post presents Sirrah, a minimalist demo of extending a blockchain with confidential computing using Trusted Execution Environments (TEEs). We'll cover the development end-to-end: starting from Gramine-SGX and ordinary REVM, and ending with MEV-aware auction application... and a timelock encryption demo that you can try right now.
In this post, we preview the SUAVE Centauri release defined in the November 2022 roadmap in the Future of MEV. SUAVE Centauri consists of two parts: A privacy-aware orderflow auction (“OFA”), which we released with mev-share’s beta; and a SUAVE Devnet. This post aims to explain, at a high level, several key ideas that will help understand SUAVE and Flashbots more broadly. Moreover, we invite the community to experiment alongside us with the upcoming devnet launch detailed in the post.
- 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 — users, wallets, searchers, builders, researchers, and blockchain developers — to work with us.