Headline: **L2 MEV will be huge and is both an opportunity and a threat to the entire ecosystem** - TL:DR; Motivate problem/why does this matter to end users now (huge cost to end users, failed transactions, mainstream looking unfavourably upon crypto right now, more market design fairness would could go a long way) - Refresher/overview on MEV - Refresher on rollup-centric Ethereum roadmap - MEV in rollups: - Centralization/level of sophistication of sequencer - MEV as a revenue stream for L2 tokens (Optimism) - Mitigation of MEV on L2: - Threshold encryption (Rolling Shutter) - Fair sequencing (Chainlink FSS + Arbitrum) - Auction mechanisms (Optimism MEVA) - Solve at application level (Cow Protocol) - How the above can work together - Summary: MEV in L2 is both a huge threat to UX and mainstream adoption, while simultaneously also being key to the future of L2 monetisation. There's steps we can take today to make this a happy ending for everyone. **Links:** - John Wang about L2 MEV: https://twitter.com/j0hnwang/status/1489268468771872775 - Threshold encryption to combat MEV on L2: https://blog.shutter.network/announcing-rolling-shutter/ - Chainlink FSS + Arbitrum: https://blog.chain.link/arbitrum-and-chainlink-fair-sequencing-services/ - MEV explainer series: - Part 1: https://blog.shutter.network/what-the-heck-is-miner-extractable-value-a-series-about-mev-basics/ - Part 2: https://blog.shutter.network/front-runner-attacks-and-the-impact/ - MEV day: https://mev.day - MEV day summary: https://blog.shutter.network/mev-day-devconnect-amsterdam-summary/