A flash (bot) in the pan: measuring maximal extractable value in private pools

B Weintraub, CF Torres, C Nita-Rotaru… - Proceedings of the 22nd …, 2022 - dl.acm.org
The rise of Ethereum has lead to a flourishing decentralized marketplace that has,
unfortunately, fallen victim to frontrunning and Maximal Extractable Value (MEV) activities …

Sok: Preventing transaction reordering manipulations in decentralized finance

L Heimbach, R Wattenhofer - Proceedings of the 4th ACM Conference …, 2022 - dl.acm.org
User transactions on Ethereum's peer-to-peer network are at risk of being attacked. The
smart contracts building decentralized finance (DeFi) have introduced a new transaction …

The blockchain imitation game

K Qin, S Chaliasos, L Zhou, B Livshits, D Song… - 32nd USENIX Security …, 2023 - usenix.org
The use of blockchains for automated and adversarial trading has become commonplace.
However, due to the transparent nature of blockchains, an adversary is able to observe any …

Sok: Mev countermeasures: Theory and practice

S Yang, F Zhang, K Huang, X Chen, Y Yang… - arXiv preprint arXiv …, 2022 - arxiv.org
Blockchains offer strong security guarantees, but they cannot protect the ordering of
transactions. Powerful players, such as miners, sequencers, and sophisticated bots, can …

Maximal extractable value (mev) protection on a dag

D Malkhi, P Szalachowski - arXiv preprint arXiv:2208.00940, 2022 - arxiv.org
Many cryptocurrency platforms are vulnerable to Maximal Extractable Value (MEV) attacks,
where a malicious consensus leader can inject transactions or change the order of user …

Quick order fairness

C Cachin, J Mićić, N Steinhauer, L Zanolini - International Conference on …, 2022 - Springer
Leader-based protocols for consensus, ie, atomic broadcast, allow some processes to
unilaterally affect the final order of transactions. This has become a problem for blockchain …

Towards a theory of maximal extractable value i: Constant function market makers

K Kulkarni, T Diamandis, T Chitra - arXiv preprint arXiv:2207.11835, 2022 - arxiv.org
Maximal Extractable Value (MEV) refers to excess value captured by miners (or validators)
from users in a cryptocurrency network. This excess value often comes from reordering …

Extracting godl [sic] from the salt mines: Ethereum miners extracting value

J Piet, J Fairoze, N Weaver - arXiv preprint arXiv:2203.15930, 2022 - arxiv.org
Cryptocurrency miners have great latitude in deciding which transactions they accept,
including their own, and the order in which they accept them. Ethereum miners in particular …

Sok: Mitigation of front-running in decentralized finance

C Baum, J Hsin-yu Chiang, B David… - … Conference on Financial …, 2022 - Springer
Front-running is the malicious, and often illegal, act of both manipulating the order of
pending trades and injecting additional trades to make a profit at the cost of other users. In …

An empirical study of market inefficiencies in Uniswap and SushiSwap

JA Berg, R Fritsch, L Heimbach… - … Conference on Financial …, 2022 - Springer
Decentralized exchanges are revolutionizing finance. With their ever-growing increase in
popularity, a natural question that begs to be asked is: how efficient are these new markets …