@sterlingcrispin

1/ The Peraire-Bueno "Mev Brothers" trial just ended in a mistrial, but most people have no idea how onchain MEV works, or what the guys actually did. So I wrote a little story trying to explain it end to end: You hear of a new grocery store in town (DeFi) and decide to check it out. It’s full of self checkout kiosks that other businesses and locals have built and set up inside. Approaching a black and pink self checkout machine (Uniswap) you select “banana” (a token), it asks what you’re willing to pay (slippage) you pick “Market Price”, insert your $1.00 (ether) and finish your transaction. “Wow! The future!” You think to yourself whistling a merry tune. In the corner of your eye you notice a peephole in the wall and curiosity gets the best of you. Through the hole you see a dimly lit warehouse and a conveyor belt carrying customer orders (the mem pool).

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