198 - SUAVE Explained with Phil Daian & Andrew Miller
Phil Daian is a crypto-economic researcher! Phil is the lead author behind the landmark paper, “Flash Boys 2.0,” which introduced and defined the MEV problem in the Ethereum landscape, over 4 years ago. He is the cofounder of FlashBots, which is a research and dev organization with the mission of mitigating the negative externalities of MEV.
Andrew Miller is an Associate Professor at the University of Illinois, SGX Bull, and visiting researcher at Flashbots, and big believer in cypherpunk values through crypto-economic mechanisms.
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✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-suave
Have you ever heard of Flashbots? Flashbots is the silent protector of Ethereum, a shield against the forces of centralization that silently sneak into our cryptosystems and turn them into TradFi. It’s one of the unsung heroes of crypto.
The guests we have on today are from Flashbots, Phil Daian, and Andrew Miller. They believe the biggest centralization threats in crypto still lie ahead. And they’ve got a new platform that’s being built to defend against them. It’s called “Suave”, and we’ve been hearing a lot about it recently - “Solving MEV” - “Decentralizing block building” - but going into this episode, we weren’t sure exactly what it was. We found out during this episode.
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TIMESTAMPS
0:00 Intro
8:20 History of Flashbots & MEV
15:35 MEV Boost
19:25 Andrew’s Journey
23:20 What’s at Stake?
25:00 Solving MEV
33:44 What’s Suave?
41:13 Intents
45:25 Suavechain?
54:53 Decentralized Block Building
1:02:27 Privacy of Suave
1:08:02 Suave’s Importance & Goal
1:12:40 L2s
1:15:18 Alt-L1s
1:18:00 MEV Naiveness
1:21:31 Benefits of Suave
1:30:36 Suave Roadmap
1:32:23 Why the World Needs Suave
1:38:25 Closing & Disclaimers
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RESOURCES
How to get Started Building on Suave
https://collective.flashbots.net/t/suave-wiki/2018
Learn about MEV
Crypto’s Existential Threat
https://www.youtube.com/watch?v=rOVz7dOrGyY
Flashbots Saves Crypto
https://www.youtube.com/watch?v=xex9WVmVfbg
Learn about Blockchain Supply Chains
Ethereum’s Hidden Power Structures
https://www.youtube.com/watch?v=rQxuPBy8tJg
Learn about Moloch
Slaying Moloch
https://www.youtube.com/watch?v=903tHM4RA9k
Why we can’t have nice things?
https://www.youtube.com/watch?v=YeQ2_ep0Cg4
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https://www.bankless.com/disclosures