1 hr 25 min
The Essential Guide to General and App-Specific Order Flow Auctions | Season 6 Episode 4 Bell Curve
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- Investing
Season 6 | Episode 4
In today's episode we are joined by Xin Wan, researcher at Uniswap Labs, and Robert Miller, Product Lead at Flashbots, to explore the world of Order Flow Auctions (OFAs). They discuss different OFA designs like Uniswap X, Flashbots MEV-Geth, and traditional order books, analyzing capital efficiency, fairness, and susceptibility to manipulation. Xin and Robert also detail key auction parameters around permissioning, bid selection, information revelation, and credible neutrality. Looking forward, they explore how OFAs and intent-based infrastructure could simplify cross-chain interoperability and abstract complexity for end users.
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Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick helps token projects, DAO treasuries, liquidity providers or anyone in DeFi shape their liquidity with efficiency and flexibility. In other words, Maverick makes your liquidity smarter.
Shape liquidity for your token today on Maverick at https://app.mav.xyz/bellcurve
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Timestamps:
(00:00) Introduction
(01:49) Interview Start: Xin and Robert
(02:26) What are Order Flow Auctions?
(08:33) Market Structure of Order Flow Auctions
(15:03) “Maverick Ad”
(16:17) Taking DEX Components Offchain
(23:22) Why Uniswap Chose an Offchain RFQ System
(28:01) The Role of Private RPCs
(32:32) Design Space for Auctions
(47:02) Price Impact of Information Availability
(55:33) Use case of Intents
(1:03:28) Outro
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Follow Dan: https://twitter.com/danrobinson
Follow Mike: https://twitter.com/MikeIppolito_
Follow Xin: https://twitter.com/xin__wan
Follow Robert: https://twitter.com/bertcmiller
Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe on Spotify: https://spoti.fi/3cpKZXH
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Resources:
On the Design of MEV Marketplaces by Robert Miller
https://medium.com/flashbots/on-the-design-of-mev-marketplaces-8829bf897858
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Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.
Season 6 | Episode 4
In today's episode we are joined by Xin Wan, researcher at Uniswap Labs, and Robert Miller, Product Lead at Flashbots, to explore the world of Order Flow Auctions (OFAs). They discuss different OFA designs like Uniswap X, Flashbots MEV-Geth, and traditional order books, analyzing capital efficiency, fairness, and susceptibility to manipulation. Xin and Robert also detail key auction parameters around permissioning, bid selection, information revelation, and credible neutrality. Looking forward, they explore how OFAs and intent-based infrastructure could simplify cross-chain interoperability and abstract complexity for end users.
- -
Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick helps token projects, DAO treasuries, liquidity providers or anyone in DeFi shape their liquidity with efficiency and flexibility. In other words, Maverick makes your liquidity smarter.
Shape liquidity for your token today on Maverick at https://app.mav.xyz/bellcurve
- -
Timestamps:
(00:00) Introduction
(01:49) Interview Start: Xin and Robert
(02:26) What are Order Flow Auctions?
(08:33) Market Structure of Order Flow Auctions
(15:03) “Maverick Ad”
(16:17) Taking DEX Components Offchain
(23:22) Why Uniswap Chose an Offchain RFQ System
(28:01) The Role of Private RPCs
(32:32) Design Space for Auctions
(47:02) Price Impact of Information Availability
(55:33) Use case of Intents
(1:03:28) Outro
- -
Follow Dan: https://twitter.com/danrobinson
Follow Mike: https://twitter.com/MikeIppolito_
Follow Xin: https://twitter.com/xin__wan
Follow Robert: https://twitter.com/bertcmiller
Subscribe on YouTube: https://bit.ly/3R1D1D9
Subscribe on Apple: https://apple.co/3pQTfmD
Subscribe on Spotify: https://spoti.fi/3cpKZXH
- -
Resources:
On the Design of MEV Marketplaces by Robert Miller
https://medium.com/flashbots/on-the-design-of-mev-marketplaces-8829bf897858
- -
Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.
1 hr 25 min