198 - SUAVE Explained with Phil Daian & Andrew Miller
Bankless
Shownotes Transcript
Phil Daian is a crypto-economic researcher! Phil is the lead author behind the landmark paper, “Flash Boys 2.0,” which introduced and defined the MEV problem in the Ethereum landscape, over 4 years ago. He is the cofounder of FlashBots, which is a research and dev organization with the mission of mitigating the negative externalities of MEV.
Andrew Miller is an Associate Professor at the University of Illinois, SGX Bull, and visiting researcher at Flashbots, and big believer in cypherpunk values through crypto-economic mechanisms.
------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-suave)
Have you ever heard of Flashbots? Flashbots is the silent protector of Ethereum, a shield against the forces of centralization that silently sneak into our cryptosystems and turn them into TradFi. It’s one of the unsung heroes of crypto.
The guests we have on today are from Flashbots, Phil Daian, and Andrew Miller. They believe the biggest centralization threats in crypto still lie ahead. And they’ve got a new platform that’s being built to defend against them. It’s called “Suave”, and we’ve been hearing a lot about it recently - “Solving MEV” - “Decentralizing block building” - but going into this episode, we weren’t sure exactly what it was. We found out during this episode.
----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT)
------ BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2)
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING https://bankless.cc/MetaMask )
⚖️ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum)
🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo)
👾GMX | V2 IS NOW LIVE https://bankless.cc/GMX)
💲 USDV | NATIVE OMNICHAIN STABLECOIN https://bankless.cc/usdv)
------ TIMESTAMPS
0:00 Intro 8:20 History of Flashbots & MEV 15:35 MEV Boost 19:25 Andrew’s Journey 23:20 What’s at Stake? 25:00 Solving MEV 33:44 What’s Suave? 41:13 Intents 45:25 Suavechain? 54:53 Decentralized Block Building 1:02:27 Privacy of Suave 1:08:02 Suave’s Importance & Goal 1:12:40 L2s 1:15:18 Alt-L1s 1:18:00 MEV Naiveness 1:21:31 Benefits of Suave 1:30:36 Suave Roadmap 1:32:23 Why the World Needs Suave 1:38:25 Closing & Disclaimers ------ RESOURCES
How to get Started Building on Suave https://collective.flashbots.net/t/suave-wiki/2018)
Learn about MEV Crypto’s Existential Threat https://www.youtube.com/watch?v=rOVz7dOrGyY) Flashbots Saves Crypto https://www.youtube.com/watch?v=xex9WVmVfbg)
Learn about Blockchain Supply Chains Ethereum’s Hidden Power Structures https://www.youtube.com/watch?v=rQxuPBy8tJg)
Learn about Moloch Slaying Moloch https://www.youtube.com/watch?v=903tHM4RA9k) Why we can’t have nice things? https://www.youtube.com/watch?v=YeQ2_ep0Cg4)
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures)