Demystifying DeFi MEV Activities in Flashbots Bundle

ePrint Report: Demystifying DeFi MEV Activities in Flashbots Bundle

Zihao Li, Jianfeng Li, Zheyuan He, Xiapu Luo, Ting Wang, Xiaoze Ni, Wenwu Yang, Xi Chen, Ting Chen

Decentralized Finance, mushrooming in permissionless blockchains, has attracted a recent surge in popularity. Due to the transparency of permissionless blockchains, opportunistic traders can compete to earn revenue by extracting Miner Extractable Value (MEV), which undermines both the consensus security and efficiency of blockchain systems. The Flashbots bundle mechanism further aggravates the MEV competition …

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