The Blocknative team is live at ETHDenver to meet with BUIDLers and the community at large. We’re soaking in all the discussions and will be highlighting a few of our favorite presentations from each day. Be sure to check back tomorrow for a new round of topics and follow us @Blocknative on Twitter for live updates!
Ethereum's Shanghai update that enables staked ETH withdrawals is right around the corner. Sili Zhao, Director of Business at InfStones Global, walked through how this will impact the staking landscape.
Why it Matters:
How the Ethereum staking economy will react to the ability to withdraw from the Beacon Chain is one of the biggest question marks facing the industry. Because staking is responsible for the health of the network, understanding what to prepare for allows staking protocols and infrastructure providers to prepare for this unknown. As a provider of enterprise staking and node management infrastructure across 70 different protocols, InfStones can provide unique insights into this process.
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MEV (Maximal Extractable Value) continues to be one of the most fascinating topics in Ethereum development with The Scourge being the latest addition to the Ethereum roadmap. Joey Zacherl, CTO of Rook, took to the stage to discuss how MEV on Ethereum has evolved.
Why it Matters:
MEV creates a centralizing force for block construction and validation due to the sophisticated nature of the task. The Ethereum Merge’s introduction of proto-PBS, separating the block builder role from the proposer role, helped address some of this risk.
Key Takeaways:
DVT stands for Distributed Validator Technology. This tech allows Ethereum users to participate in the network's validation process in a more modular manner. This talk was a panel with Will Shannon of Lido, Clayton Menzel of Figment, and @composeus of Obol Network.
Why it Matters:
The technical and economic hurdles to becoming an Ethereum validator are clear centralizing forces. If this is not accounted for, the centralization of Ethereum's validator set could create existential issues for the network's future. DVTs look to address this by allowing "a cluster of nodes run by an individual, group, or community of operators to act together as a single validator on Ethereum". DVT is considered a technology primitive that will allow ETH validators to be run on more than one node or machine.
Key Takeaways:
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MEV relays like the Blocknative Relay are a crucial but sometimes overlooked piece of the post-Merge Ethereum landscape. Alex Nathan of Metrika discussed what ETH community members should know about relays.
Why it Matters:
MEV relays are currently responsible for transmitting roughly 85% of all ETH blocks per day. To help the community better understand how they work, Metrika has created a public dashboard that tracks individual relay performance. This dashboard has an eye on the most important metrics that validators/node operators care about. Thanks to their experience building and maintaining this dashboard, Metrika can offer key insights on the relay landscape.
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Searching for validation? Come visit @blocknative at @EthereumDenver 🦄 pic.twitter.com/oYjrB1B1pV
— Laurence Delisle (@ldelisle09) March 2, 2023
Super fun to share some @blocknative perspectives on block building, PBS, MEV, and what’s next at #DeFiDenver here at @EthereumDenver #sharethemev pic.twitter.com/g0OtJ0g80R
— Matt Cutler | mcutler.eth (@mcutler) March 1, 2023
Whether it's boosted MEV rewards for validators, programmable infrastructure for builders and searchers, or our Web3 Onboard for dapps and wallets, we provide real-time infrastructure that's helping shape the bright future of Ethereum. Our team will be at ETHDenver in force and we want to meet with you to hear what you're building with Blocknative and how we can help. You can schedule time via the form at the bottom of our official ETHDenver page.