we have a new writeup for the MEV/auction peeps!

since launch, @clanker has seen sustained sniper activity. we’d like to start to iterate on chain-specific sniper auctions for the benefit of all our users

linked below is our initial design for priority ordered L2s

Why privilege snipers so much with eg the 3 block delay?

This design seems like it inherently still screws over regular users who buy in at normal human operating latency?

Why not eg an initial dutch auction or something to deter having to be first/early?

three blocks on base is like 6 seconds, it's not that much of a delay. this design is mostly trying to meet our sniping community where they are at today while stacking other fee mechanisms on top via our v4 hooks to penalize anyone who take aggressive chart actions for the whole duration of a pool's existence

protocoling soliditying clanking @clanker

I meant why enable a design that allows for sniping at all?

"sniping community" implies something more wholesome imo than what's actually happening -- ppl meving less sophisticated actors