Flashbots is a research and development organization that provides tools for transparent and efficient Maximal Extractable Value (MEV) extraction on Ethereum, including the Flashbots Protect service for transaction protection and the MEV-Boost relay for competitive block sourcing. The company addresses the centralization risks and negative externalities of MEV by democratizing access to MEV revenue and ensuring fair transaction execution for users.
Funding
$60M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+4Founders
Product
Problem
On Ethereum and other blockchains, Maximal Extractable Value (MEV) extraction can lead to negative externalities such as transaction frontrunning and network congestion. The competitive nature of MEV extraction can also incentivize centralization among block producers, threatening the decentralization of the blockchain.
Solution
Flashbots is a research and development organization focused on mitigating the negative impacts of MEV on stateful blockchains, starting with Ethereum. They provide tools and infrastructure that promote a more transparent, permissionless, and sustainable MEV ecosystem. Flashbots aims to democratize access to MEV revenue streams and ensure fairer transaction execution for all users. Their product suite includes services for transaction protection, MEV redistribution, and competitive block sourcing, all designed to address the challenges posed by MEV. By illuminating MEV activity and distributing its revenue, Flashbots seeks to prevent the centralization of block production and foster a more equitable blockchain environment.
Target Audience
Flashbots targets Ethereum users, validators, searchers, and developers who are affected by MEV and seek tools for fairer transaction execution, MEV redistribution, and decentralized block production.
Features
- **Flashbots Protect:** Provides frontrunning protection, transaction revert protection, and configurable privacy for Ethereum users.
- **MEV-Share Node:** Enables MEV redistribution to users by allowing them to selectively share transaction information in return for refunds.
- **Bundle Relay:** A unified entry point for searchers to access Flashbots Builders and the MEV-Share Node.
- **Flashbots Builders:** Instances of MEV-Boost block builders that optimize transaction ordering for maximum profit.
- **MEV-Boost Relay:** Facilitates communication between block builders and validators, enabling proposers to receive the most profitable blocks.
- **SUAVE:** An in-development Ethereum-native, MEV-aware, and privacy-first encrypted mempool designed to decentralize the block builder role.