133 - Flashbots Saves Crypto with Stephane Gosselin
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 22 August 2022
⏱️ 81 minutes
🧾️ Download transcript
Summary
Stephane Gosselin is the Founder of Flashbots, an R&D organization that’s trying to fix the most pernicious problem in crypto—the problem of MEV (Maximum Extractable Value).
Many of us are massively optimistic about crypto and aren’t worried too much about its future. However, this MEV thing could be our achilles heel.
On this episode, we dive into what Stephane and his team are doing to make MEV less of a potential weak point, how MEV works, and what our industry would look like if Flashbots didn't exist. And of course—so much more.
This is another fundamental Bankless episode that you won’t want to miss.
------
📣 Chainlink | Register for SmartCon 2022 with promo code “BANKLESS”
https://bankless.cc/smartcon
------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/
------
BANKLESS SPONSOR TOOLS:
🌱 LENS | ACCESS CODE: MERGE (only valid for 24 hours!)
https://bankless.cc/Lens
🚀 ROCKET POOL | ETH STAKING
https://bankless.cc/RocketPool
⚖️ ARBITRUM | SCALING ETHEREUM
https://bankless.cc/Arbitrum
🦁 BRAVE | THE BROWSER NATIVE WALLET
https://bankless.cc/Brave
🌉 JUNO | BRIDGE FIAT TO LAYER 2
https://bankless.cc/Juno
⚡️ ZKSYNC | THE LAYER 2 SCALING ENDGAME
https://bankless.cc/zkSync
------
Topics Covered:
0:00 Intro
9:28 MEV Explained & Its Importance
13:35 The Evil Side of MEV
21:26 MEV Utopia vs. Dystopia
28:54 Competitiveness, Market Structure, Equilibrium
32:10 MEV Supply Chain Crashcourse
37:24 Timeline
38:56 Flashbots Thesis
42:31 No MEV Geth Scenario
45:15 Flashbots Continued
49:10 Solutions
51:15 MEV Boost
1:00:18 MEV Boost Adoption
1:05:10 Differences in Staking APY
1:08:20 Flashbots Incentives
1:12:57 Infinite Problems to be Solved?
1:14:35 PBS
1:17:54 Relayer Role
1:20:05 Weird MEV Potential Merge Issues?
1:22:40 Byproducts of MEV Boost
1:27:17 New Builder Market Speculation
1:31:15 Stephane’s Optimism
1:32:55 Closing & Disclaimer
------
Resources:
Stephane Gosselin
https://twitter.com/thegostep
MEV-Boost in a Nutshell
https://boost.flashbots.net/
Flashbots Blog Posts
https://writings.flashbots.net/writings
Guide to Ethereum Roadmap
https://newsletter.banklesshq.com/p/guide-to-the-ethereum-roadmap-jon#details
Ethereum’s Hidden Power Structure
https://newsletter.banklesshq.com/p/125-matt-cutler#details
-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
| 0:11.2 | This is how to get started, how to get better, how to front run the opportunity. |
| 0:14.4 | This is Ryan Sean Adams, I'm here with David Hoffman and we're here to help you become |
| 0:18.9 | more bankless. |
| 0:20.2 | Guys, great episode for you today on the topic of flashbots, on the topic of MEV, on |
| 0:25.8 | the topic of crypto dystopia versus crypto utopia and how we propagate the utopia. |
| 0:32.0 | This is an insanely important topic to cover. |
| 0:35.0 | We're going to talk about a few things to look for during this episode. |
| 0:38.7 | Number one, why this thing called MEV, that is maximum extractable value, why it poses |
| 0:44.1 | an existential risk to everything we are building in crypto. |
| 0:48.2 | We are on this nice edge between dystopia and utopia. |
| 0:51.4 | Number two, what the world looks like if we ignore the MEV problem. |
| 0:55.2 | We can not afford to ignore it. |
| 0:57.6 | Number three, the blockchain supply chain. |
| 1:00.0 | What actually is that? |
| 1:01.0 | How MEV can increase your eth-staking rewards by something like 6%. |
| 1:06.4 | Crazy. |
| 1:07.4 | That's a high number. |
| 1:08.4 | Stefan does the map in the episode as a very high at number number four. |
| 1:11.9 | How all this technology is getting embedded in the Ethereum protocol long term in something |
| 1:16.7 | called PBS. |
| 1:17.7 | That is, Proposer Builder Separation. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bankless, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bankless and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.