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Mempool privacy: an economic perspective

ORGANIZATION
Osmosis & Flashbots
YEAR
2023
DOMAIN
MEVPRIVACYMECHANISM-DESIGN

Most discussions of mempool privacy stop at the cryptography. This work, supported by Osmosis and Flashbots, looked at the economics underneath: who benefits from transaction visibility, what privacy is actually worth, and how mechanism design and cryptography have to work together to deliver it.

The output was a paper laying out that economic framing and its implications for protocol designers thinking about MEV and ordering.

Reference →