AlphaMonad 🦇🔊🏴‍☠️

Latency is an important factor in the MEV game. In order to unlock a latency edge for builders, the @ultrasoundmoney relay introduced optimistic relaying. Instead of simulating the blocks received from builders, to verify that they adhere to the rules, optimistic relaying skips the simulation step and directly forwards respective blocks to proposers, allowing them to benefit from decreased latency. Builders who submit blocks in the last milliseconds before a block starts can be sure that their block still has a chance of being shown and selected by the proposer. To provide proposers with the assurance that they will receive a block reward even if they get an invalid block from a builder (optimistically submitted through a relay), builders must post collateral at the relay that is used for compensating proposers in the event something fails. Optimistic relaying went live in mid-march and we have had enough time to observe the impact it has had on the PBS ecosystem. Thus, mevboost.pics now also features 3 diagrams on optimistic relaying and bid submissions in general: - Share of optimistically submitted blocks per builder over relays (relay tab). - Timing of bid submissions for both, all bids and winning bids only (builder tab). - Win Ratio for optimistically submitted bids vs. standard submission (builder tab). Currently, the Ultra Sound relay is the only one that offers this (experimental) feature, but from what we can see in the data, it has been going well and has increased the win ratio of builders using it. For more details, refer to @mikeneuder's post about it: github.com/ultrasoundmoney/m…