Gm fam. Welcome to the Cross Chain Weekly - the weekly email that makes you a smarter cross chain insider. Happy Holidays! I’m coming off a string of SBF/FTX jokes from the family during Christmas dinner. It doesn’t help that SEC General Counsel Dan Berkowitz is now resigning after meeting with top FTX officials on luxury yachts, personally shielding & screening FTX emails to SEC. Kickbacks to himself, others at SEC, and more. Sadly this is probably only the beginning as the spider web begins to get untangled…
Trigger warning maxis; the future is cross chain, so let’s dive in.
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Academic Dive
How old is MEV? The roots are as old as crypto... but the significance is seldom documented. Every serious practitioner understands MEV, plans for MEV, and has strong opinions about MEV. Yet, from where we are it’s easy to forget that our understanding of MEV is relatively new.
Throughout its history, people (including me) have called MEV dangerous or evil. The word “theft” has been bandied about, more than a few times. These days, I think it’s unreasonable to make a value judgment. MEV is a fact. This is why I’m happy to see a competitive MEV extraction supply chain. Professionalized MEV is predictable MEV; predictable MEV is useful MEV.
Five years ago, MEV was just a curiosity. It was something you talked to your lab partner about while walking home from work. MEV only became serious after a few cycles of DeFi and practical experience. James Preswich, founder of Nomad, documents how MEV came from dinner table curiosity to research symposia in his full breakdown here.
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The Cross Chain Coalition (CCC) is a collective of builders that have united together to educate developers on cross chain infrastructure. The CCC aims to expand awareness and increase education for cross chain development. Join us in our journey to turn every blockchain engineer into a crosschain engineer.