Enter the Dark Forest: the terrifying world of MEV and Flash bots

“It’s no secret that the Ethereum blockchain is a highly adversarial environment. If a smart contract can be exploited for profit, it eventually will be. Some very smart people spend a lot of time examining contracts for vulnerabilities. But this unforgiving environment pales in comparison to the mempool. If the chain itself is a battleground, the mempool is something worse: a dark forest. In the Ethereum mempool live the apex predators. You call them “arbitrage bots.”

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Links
https://medium.com/@danrobinson/ethereum-is-a-dark-forest-ecc5f0505dff
https://twitter.com/amanusk_/status/1370642493621080071?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1370642493621080071%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fcdn.embedly.com%2Fwidgets%2Fmedia.html%3Ftype%3Dtext2Fhtmlkey%3Da19fcc184b9711e1b4764040d3dc5c07schema%3Dtwitterurl%3Dhttps3A%2F%2Ftwitter.com%2Famanusk_%2Fstatus%2F1370642493621080071image%3Dhttps3A%2F%2Fi.embed.ly%2F1%2Fimage3Furl3Dhttps253A252F252Fabs.twimg.com252Ferrors252Flogo46x38.png26key3Da19fcc184b9711e1b4764040d3dc5c07
https://medium.com/flashbots/quantifying-mev-introducing-mev-explore-v0-5ccbee0f6d02
https://etherscan.io/tx/0x8a5e084d11a31a4ea05db1983c7e34ae07dab80e11324b5ee365403ed2fa33d1
https://etherscan.io/tx/0x9701226ebb3ccf805741c2b76d2416a2b362e8b95fafc3544dcb2fe373030fda

Created by
Robin Schmidt - https://twitter.com/DirSchmidt
Alp Gasimov - https://twitter.com/alpgasimov

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