On Monday, 30th August we were delighted to host the MEV with Jolene Dunne (Flashbots Research) event for our Encode x Wintermute MEV Hackathon. This was the seventh event in the series, and it was aimed at hackers who are dedicated to building with Flashbots and MEV.
Big thank you to Jolene from Flashbots Research for making this event possible!
🖥 Details, slides and resources are available here: https://medium.com/encode-club/wintermute-mev-hackathon-post-merge-flashbots-jolene-dunne-flashbots-research-video-slides-ca281b7b3548?source=friends_link&sk=c8d312e8ccf0bc4306ba62a128fa048f
This 4-week hackathon is a great opportunity to learn, build and get onboarded into the Wintermute ecosystem, as well as win great prizes! We finish the hackathon with a finale event, where the best hackathon projects pitch to win top prizes!
For the hackathon registrations click here: https://www.encode.club/wintermute-mev-hack#form
The project submission date is on Sunday, 11th September, whereas the Finale and Prizegiving event will be held on Wednesday, 28th September.
🎟 The continuation of this series is on Wednesday, 28th September with Wintermute MEV Hackathon: Finale and Prizegiving. You can register for the event here: https://www.eventbrite.com/e/338782025157
Wintermute is a leading global algorithmic trading firm and one of the largest players in digital asset markets. With an average daily trading volume of over $5bn, Wintermute facilitates OTC trading of 350+ tokens and provides liquidity across 80+ centralized and decentralized exchanges. Wintermute is an active player in the ecosystem, invests in early-stage DeFi projects, provides market-making services for high-profile blockchain projects, and overall supports builders of decentralized finance. Read more here: https://www.wintermute.com/
Not too long ago we hosted Evgeny Gaevoy, the Founder and CEO of Wintermute, for an Encode AMA session. You can find the video and transcript here: https://medium.com/encode-club/encode-club-evgeny-gaevoy-founder-and-ceo-of-wintermute-ama-539944e44fe1?source=friends_link&sk=7aabc34f3db44e7db69ff9e0de2343de
Flashbots are joining the hackathon as an Education Partner!
Flashbots is a research and development organisation working on mitigating the negative externalities of current Maximal Extractable Value (from now on MEV) extraction techniques and avoiding the existential risks MEV could cause to state-rich blockchains like Ethereum.
The primary focus is to enable a permissionless, transparent, and fair ecosystem for MEV extraction. It falls under three goals: Democratizing Access to MEV Revenue, Bringing Transparency to MEV Activity, and Redistributing MEV Revenue.
Learn more about Flashbots: https://docs.flashbots.net/
Encode Club is an online blockchain education platform. We work with leading companies, networks, communities, and universities. We educate people through events, workshops, hackathons, accelerators, and bootcamps. Read more here: https://www.encode.club/
00:02:36 About Flashbots Research
00:04:28 Outline of the session
00:07:31 Original Flashbots architecture
00:10:36 Impact of Flashbots
00:11:19 Adoption of Flashbots
00:12:10 MEV extraction on Ethereum
00:16:16 PBS network view
00:20:31 PoS Ethereum & Flashbots
00:22:08 mev-boost architecture
00:24:49 Builder specification
00:25:51 Getting a block from a builder network
00:28:39 Post-merge network view
00:29:20 Open research questions
00:30:14 Dark mode
00:34:02 Light mode