Discover more from Dose of DeFi
MEV-Boost block reward divergence
Plus Odds & Ends and Thoughts & Prognostications from the last week
Hola de Colombia! Lots of great talks and people. Dose of DeFi will be off next week but back the week after
Chart(s) of the week: Why MEV-Boost is winning
Two charts from Flashbots that explain why MEV-Boost is now being run on 56% of ETH validators, and in just the last day validators running MEV-Boost have proposed 45% of blocks on Ethereum.
Flashbots - or more specifically MEV-Boost - has been the hot topic at Devcon and has basically dominated all Ethereum conversation since the Merge. Concerns about centralization have bubbled up within the Flashbots team, while others have criticized the move to produce OFAC-compliant blocks. Just last week @thegostep, a Flashbots co-founder, announced he was stepping back from the project.
No matter how idealistic ETH validators are, the charts above show the underlying economic forces that is driving the centralization of block production. We remain convinced that MEV is the biggest challenge to fulfilling blockchain’s vision of providing permissionless and fair access to the network for all users. Check out the ETH research discussion on moving to an open research and development process for MEV-Boost.
Odds & Ends
Binance stops BNB chain after $500m exploit Link
Curve adds support for non-CRV rewards Link
Tether removes all commercial paper from reserves Link
Paraswap plans to reduce token emissions Link
Dune dashboard that tracks daily users of major EVM chains Link
Panoptic a DeFi-native options protocol to launch in 2023 Link
Zerion raises $12m led by Wintermute Link
Aera, a futarchy-based treasury management solution plans Q1 beta launch Link
Thoughts & Prognostications
KyberSwap CEO on the 2017 Kyber ICO and competing today [Victor Tran/DeFi Prime]
MakerDAO third quarter report [Johnny_TVL/Messari]
Liquity + a glimpse of my future [Luca Prosperi/Dirt Roads]
Stablecoins, meet 3% interest rate [JP Koning/Moneyness]
Maple finance performed better than its CeFi counterparts [Messari]
CZ’s principles [Binance Blog]
That’s it! Feedback appreciated. Just hit reply. Written in Nashville, where the leaves are beginning to change but there’s still a lot of sunshine.
Dose of DeFi is written by Chris Powers, with help from Denis Suslov and Financial Content Lab. Caney Fork, which owns Dose of DeFi, is a contributor to DXdao* and benefits financially from it and its products’ success. All content is for informational purposes and is not intended as investment advice.