Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

What has been most surprising is the continued dominance of DEX models that leak $100Ms of MEV from retail users, despite broad understanding / visibility into the issue and the existence of alternatives.

https://explore.flashbots.net/

Aren't you just asking if information asymmetry will always exist?

Im the guy that posted all those factory memes once

Information asymmetry isn't the same as blatant frontrunning though, which is what MEV effectively is no matter how hard "code is law" purists whine that attempts to solve it is "inhibiting efficient markets".

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

Yes, we actually implemented one of the proposals Ethereum researchers were pitching for encrypted mempools as a part of our mixnet, RPM: https://github.com/quilibriumnetwork/rpm

We licensed our version as MIT as there was no functioning implementation that already existed so other networks could benefit from it as well. (Most of our code is AGPL which is a bit too extreme for other projects)

Yeah that is fair, and I agree and also because of the encrypted nature of Q doesn't it solve this?