If you’re interested in reading more about Blockchain/Miner Extractible Value (MEV), be sure to check out some of the other summaries and discussion posts in the forum.
Here are some of our favorites: Vishesh Choudhry recently began a discussion about the subject in Flash Boys to Flash Bots. In it, Choudhry provides updates to one of the foundational papers on the subject, Flashboys 2.0, which was also summarized in the forum, and identified the proliferation of arbitrage bots on decentralized exchanges and modeled their effects.
Also be sure to check out Zach’s discussion of Miner-Extractable Value, Oracle Frontrunning, and the Rise of Arbitrage Bots, a breakdown of the problem followed by a vigorous discussion between three researchers.