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alpha-v0.6 (current)

Changelog#

v0.6 Private transactions support#

Added eth_sendPrivateRawTransaction support. Private transactions can be now accepted and included in the blocks. Such transactions are not distributed to any other nodes in the network and only taken into account when a block is constructed locally.

v0.5 Immediate megabundle processing#

Miners pick up megabundles immediately if they are better than the best known block so far. It leads to significantly increased profitability (+50% MEV backtested).

v0.4 Megabundles support added#

Relays can merge bundles and suggest them for profit switching. Miners can define a list of trusted relay addresses from which megabundles are accepted.

v0.3 EIP-1559 support added#

Bundle scoring takes into account BASEFEE mechanisms to calculate miner's revenue from bundles.

v0.2 eth_sendBundle RPC parameters change#

The specification of the eth_sendBundle RPC is changing to support new features of v0.2. This change must be adopted by all searchers in order to be compatible with the v0.2 relay.

Scoring function does not change between v0.4 and v0.5:

sv0.3โˆ’6=ฮ”coinbase+โˆ‘TโˆˆUgTmTโˆ’โˆ‘TโˆˆMโˆฉUgTmTโˆ‘TโˆˆUgTs_{v0.3-6} = \frac{\Delta_{coinbase} + \sum_{T\in U}g_Tm_T - \sum_{T\in M \cap U}g_Tm_T}{\sum_{T\in U}g_T}

ss: bundle UU score used to sort bundles.
UU: ordered list of transactions TT in a bundle.
MM: set of transactions TT in the mempool.
gTg_{T}: gas used by transaction TT.
pTp_{T}: gas price of transaction TT.
cTc_{T}: fee cap per gas of transaction TT.
ฮดT\delta_T: priority fee per gas of transaction TT.
eTe_{T}: effective fee per gas of transaction TT equal minโก\min(cTc_{T}, BASEFEE + ฮดT\delta_T).
mTm_{T}: miner fee per gas of transaction TT equal eTe_{T} - BASEFEE.
ฮ”coinbase\Delta_{coinbase}: coinbase difference from direct payment.

Timeline#

February, 28th 2022 - v0.6 spec and MEV-Geth-v0.6 release ready#

Upgrade Steps#

  • Miners asked to upgrade to v[geth_version]-mev0.6.0
  • Miners can update 100% of capacity to this new version

Node configuration#

No additional configuration is required.