170 - Burning MEV with Justin Drake and Dom
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 8 May 2023
⏱️ 98 minutes
🧾️ Download transcript
Summary
Ethereum is getting yet another economic upgrade! The scarcity engine is getting a massive level up with the advent of the MEV Burn.
With Justin Drake and Domothy, they walk us through the research and reasoning behind this next upgrade
Just when we thought we couldn’t get any more bullish…
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Topics Covered
0:00 Intro
7:00 What is MEV?
13:30 MEV is Subjective
17:15 The Oil Analogy
21:15 The Benefits of Smoothing
28:35 Builders and Proposers
38:45 Forced Centralization
44:35 Rug Pool Protection
48:30 Distribution
58:20 Pros of Burning
1:05:15 Burning on Overdrive
1:09:30 Does this Hurt Stakers?
1:13:55 Too Deflationary?
1:23:30 Monetary Premium
1:28:15 EIP-4844
1:31:00 The Engine
1:35:50 Wen?
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Resources:
Justin Drake:
https://twitter.com/drakefjustin?s=20
Dom:
https://twitter.com/domothy?s=20
Hildobby's Dune Board:
https://dune.com/hildobby/eth2-staking
Ultrasound.Money:
https://ultrasound.money/
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Related Episodes:
EIP-1559:
https://www.bankless.com/-eip-1559-hasu
https://www.bankless.com/-eip-1559-expert-panel-tim-beiko
MEV:
https://www.bankless.com/-cryptos-existential-threat-mev-panel
https://www.bankless.com/125-matt-cutler
Ultra Sound Money:
https://www.bankless.com/-sotn-44-modeling-ultra-sound-money
https://www.bankless.com/-ultra-sound-money-justin-drake
https://www.bankless.com/-moon-math-the-bull-case-for-cryptography
Justin Drake:
https://www.bankless.com/134-ethereum-unsensored-with-justin
https://www.bankless.com/shanghai-capella-eth-staking-withdrawals-with-tim-beiko-justin-drake-and-anthony-sassano
https://www.bankless.com/150-bull-case-for-ethereum-iv-with-justin-drake-dcinvestor-anthony-sassano
https://www.bankless.com/devcon-2-justin-drake
https://www.bankless.com/15-bad-eth-takes-with-justin-drake
https://www.bankless.com/the-pow-vs-pos-debate-lyn-alden-and
https://www.bankless.com/-layer-zero-justin-drake
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Transcript
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| 0:00.0 | We have this positive feedback loop going on, |
| 0:03.6 | because the more economic bandwidth we have, |
| 0:05.8 | the more decentralized stablecoins we have, |
| 0:07.8 | the more economic activity we have, |
| 0:09.6 | the stronger the challenge points become of scarcity and security. |
| 0:14.2 | There is going to be, in my opinion, |
| 0:16.0 | one asset that's going to win the beauty contest, |
| 0:20.4 | basically, of being the most attractive asset, |
| 0:24.0 | and right now, E-30 asset, |
| 0:26.6 | is the number one contender to winning this beauty contest. |
| 0:33.1 | Welcome to Bankless, |
| 0:34.1 | where we explore the frontier of internet money |
| 0:36.2 | and internet finance. |
| 0:37.5 | This is how to get started, how to get better, |
| 0:38.8 | and how to frontrun the opportunity. |
| 0:40.5 | This is Ryan Sean Adams, |
| 0:41.9 | and I'm here with David Hoffman, |
| 0:43.1 | and we're here to help you become more bankless. |
| 0:46.4 | Did you know, bankless listener |
| 0:47.7 | that in the not-to-distant future, it's likely, not 100%, |
| 0:50.8 | but very likely that Ethereum is going to get yet another |
| 0:53.8 | economic upgrade that will burn even more ETH. |
... |
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