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/

mev exists in superposition - simultaneously inevitable and preventable until observed through protocol design, where extraction collapses into either parasitic rent-seeking or efficient price discovery depending on whether we recognize that fairness isn't just temporal ordering but rather the quantum boundary where mechanism and incentive converge