133 - Flashbots Saves Crypto with Stephane Gosselin

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.

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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

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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

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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.