MEVconomics for Modular Blockchain Stacks
summary
Defines the concrete risk that sequencer and fork‑choice rules move extraction from rollups down to the shared data layer, creating centralization pressure and wasted base‑layer space. Analyzes leader selection options — first‑come‑first‑serve (permissionless auction, high waste), tendermint‑style rotation (safer ordering but liveness delays tied to data blocks), highest‑priority first (degenerates to opaque auction) and base rollups with MEV‑boost (reduces waste at cost of trust). Claims vertical MEV is unavoidable and needs protocol design to isolate extraction and preserve liveness.
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chapters (8)
- 0:00Start
- 0:27Components of a Blockchain Protocol
- 5:06Fork Choice Rule
- 5:48A Modular World
- 7:00(Vertical) MEV for Modular Blockchain Stacks
- 8:30Considerations for Leader Selection Algorithms
- 14:05Tendermint-style Leader Rotation
- 15:46Based Rollups: Based or Cringe?
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