Ethereum Research and Development Co., Ltd. Flashbots positioned its MEV Boost middleware as "public goods", and this software has been used by most verifiers operating the Internet. However, the recently announced fund-raising plan has led Flashbot to be criticized, and it is likely that it has used the sincerity of the street to make huge profits.

The "middleware" service project is built on the key agreement of Ethereum (rather than embedded), which provides a necessary means for application software builders and verifiers running the Internet. Although the verification process and developers do not use any middleware program process, some program processes, such as MEV Boost of Flashbot, have become ubiquitous and can even be embedded in key contracts.

The text first appeared inReasonable gradeWJB's weekly communication explains the rapid development of Ethereum and its impact on the encryption market.The order is obtained in the outbox every Wednesday.

Hasu, which undertakes the strategy of Flashbots, sometimes calls its MEV Boost middleware "public goods", a professional term used to build infrastructure for the benefit of a more comprehensive community. But earlier this month, The Block said that Flashbots hoped to raise $50 million with a valuation of $1 billion. This round was led by Paradigm, a venture enterprise with Hasu as the researcher.

The overestimation of Flashbots is not surprising: more than 90% of the blocks loaded into the Ethereum Internet are pre-assembled through the third-party "builder" sales market of MEV Boost. The verifier obtains the block from MEV Booster instead of building the block by itself. Because MEV Boost can recover the extra profit called the larger obtainable value in use (MEV).

Vertex ProtocolCEODarius Tabatapai explained in an email for WJB: "MEV is more or less a tax from immature investors to mature traders. Through various taxes, users with high-quality technical secrets can obtain use value from consumers who do not know the situation very well.".

Flashbots is considered to reduce the adverse impact of MEV by enabling almost all verifiers to browse MEV, and it has achieved its overall goal to some extent. However, Flashbot has also added difficulties with its great improvement.

Some people think that the way Flashbots deal with MEV can only aggravate the situation and turn MEV into a multi-billion dollar family industrial chain, but in fact it needs to be designed. Others have shown that the mainstream market share of Flashbot is conducive to improving network censorship and centralizing Ethereum's block production line equipment, which makes it easier for government departments to block some types of transactions.

Although Flashbots has been criticized during its lifetime, its improvement is largely due to the marketing promotion centered on the community. At this stage, it is not clear whether MEV Boost will be so easily selected if the Ethereum Community has positioned itself as a normal new company from the beginning.

Flashbot has been paying attention to the criticism of the community. Darosh, CEO of data encryption security assurance Ironblocks, told WJB: "Even Flashbots know that they have many obligations and realize that they need to further enter the native system of Ethereum and distribute permissions more evenly.".

However, with its efforts to raise money, the promotion of Flashbots-a-public-good gradually felt insincere.

Tabatapai explained: "Although they are prepared to 'reduce' the use value from the verifiers and others (influential MEV countermeasures), I don't think this has dealt with the key problem - it feels unusual to raise funds for such theme activities.".