Summary Free Range Research is a market research initiative led by FreeRangeDAO designed to capture and surface the questions and concerns of Ethereum validators related to the merge & the accompanying shifts in game theory / trust assumptions. FreeRangeDAO FreeRangeDAO is an MEV DAO focused on categorizing and classifying various forms of web3 block construction - and recommending the value distribution associated with them. FRDAO believes that toxic MEV is bad for web3, both inhibiting organic user growth and inviting heavy-handed regulatory oversight. In turn, FRDAO will provide an open forum to debate, describe and codify block construction and make recommendations regarding reward payouts for each block construction type. To date, the value extracted from MEV has primarily gone to miners and the searchers that identify opportunities. Free Range DAO (FRDAO) will focus on distributing value to all market participants that enable MEV opportunities including the transaction originator or end user. FRDAO seeks to align all market participants and stakeholders in order to self-regulate towards a healthier, more secure Ethereum network, leveraging PBS (Proposer Builder Separation) into a public good.