EigenPhi HQ 🎯 Wisdom of DeFi (🔭, 🎙) 🦇🔊
@EigenPhi
Wanna understand DeFi transactions and trading strategies? 👉 bit.ly/hfdefi 🌐 linktr.ee/eigenphi
EigenPhi's DeFi Research
Discover the latest insights on the DeFi! Introducing our column that will better guide you explore the fascinating world of MEV, and understand the risks and opportunities for liquidity in this dynamic space. Unlock the wisdom of DeFi with EigenPhi now 👇
eigenphi.io/mev/research
1️⃣ Following this article, let's dive into data analysis of the typical MEV bots' activities (Arbitrage, Sandwich, JIT) involving Uniswap V3, and share insights to better understand the long-term impact of MEV on AMMs. eigenphi.substack.com/p/mev-impact-on-uniswap
The Future of MEV: Modular MEV
@Maven11Capital shared their thoughts on Modular MEV, which is very inspiring, and manifests how MEV could potentially evolve in the next phase. maven11.substack.com/p/modular-mev-part-2-finality-actors
According to the paper, in a modular stack, the sequencers act as both builders and proposers of blocks to the underlying layers they are connected to. The validators on the data availability layer are purely proposers and are unable to reorder any transactions.
Ethereum MEV Landscape in 2022: The Top 10 MEV Searchers Revealed!
In the report released by @galaxyhq, @christine_dkim has led us go through the revamped MEV landscape of Ethereum post-Merge.
With referring to EigenPhi's data, Galaxy's report presents the top 10 most competitive MEV searchers on Ethereum in 2022.
galaxy.com/research/whitepapers/mev-the-rise-of-the-builders/
Exploring InfinityPools for DeFi Trading
Replying to:
101 on InfinityPools (@InfPools): it has opened up a vast arena for DeFi masters to face off. The ingenious design around Uniswap V3's liquidity token also shows the proper perspective of treating it as an option, which must also be based on a deep understanding of liquidity.
BonqDAO's Rekt, An Oracle Attack, Again.
Replying to:
BonqDAO's Rekt, An Oracle Attack, Again. $1.2M was lost due to the manipulated oracle. Another example of trying and failing to conquer the Tokenomics Trilemma.
eigenphi.substack.com/p/bonqdaos-rekt-an-oracle-attack-again
Why do Algorithmic Stablecoins always fail? Why have crypto bridges suffered losses of over $1.8 billion?
Replying to:
BonqDAO’s recent rekt is the newest exploit of a series of messes. Ankr($5M), Lodestar Finance($6.5M), Wormhole ($326M), Mango Markets ($115M bad debt), AAVE’s CRV Short saga ($1.6M bad debt), not to mention the UST-LUNA fiasco leading DeFi from summer to the freezing winter.
In total, hackers stole more than $3.2 billion from decentralized finance protocols in 2022.
These risk events have been cruising the world’s trust and confidence again and again. dlnews.com/articles/defi/defi-hackers-stole-32bn-amid-surge-in-crypto-bridge-hacks-lazarus-group/
A Liquidation Strategy That Profited $1 Million During the Creation of Aave's $1.6 Million Bad Debt.
Replying to:
@avi_eisen has got arrested. Audiences are still occupied by his attack on #AAVE that left $1.6M in bad debt. Yet few had noticed a Liquidation Strategy That Profited $1 Million when the $1.6M debt was created.
The Arbitrageur Who Beats Everyone Else in An Hour
Blaming individuals for the risks in @ankr may be easier, but systemic risks remain unmitigated. The security and robustness cannot be built on the assumption that no one within the system will make a mistake.
🧵EigenPhi has delved deeper into the event in an in-depth report.
twitter.com/zachxbt/status/1610315825080336384?s=20&t=x9tPqNaHfHNN7UxEjL3OCQ
SoK: MEV Countermeasures: Theory and Practice
1️⃣ Implications of #MEV have for #blockchain security and decentralization?
2️⃣ Empirical study on MEV auction-based solutions?
3️⃣ How does OFAC sanction impact blockchain properties?
Go read SoK: MEV Countermeasures: Theory and Practice
by @0xFanZhang arxiv.org/pdf/2212.05111.pdf