TLDR:
- After successfully isolating the centralizing effects of MEV to the block builder role, we turn ourselves toward a new challenge: to decentralize block building itself. Exclusive orderflow and cross-domain MEV present emerging centralization threats to all cryptocurrencies, so we must make sure to keep MEV decentralized, or the decentralization of crypto will be lost.
- To hold ourselves to our decentralization commitments, we are building SUAVE - the Single Unifying Auction for Value Expression.
- SUAVE unbundles the mempool and block builder role from existing blockchains and offers a highly specialized and decentralized plug-and-play alternative. Sharing the same sequencing layer allows crypto to stay decentralized, block builders to capture cross-domain MEV, validators to maximize their revenue, and users to transact with the best execution, while reducing the economic centralization pressure on each domain.
- We are building SUAVE in the open and invite all interested parties — users, wallets, searchers, builders, researchers, and blockchain developers — to work with us.