Single Unified Auction for Value Expression

The best case for Suave from Vitalik -

https://youtu.be/fAgrIdyWIqc?si=DMWxeTuZ0ObYQ69Y

Suave MEVM

• A modification of EVM with precompiles for MEV use cases

• Its ambition is to offer every primitive of the MEV supply chain as a precompile in smart contracts

• MEVM smart contracts

  Can get Ethereum mainnet state, simulate bundles, and make blocks available to proposers using precompiles like getState(), simulateBundle(), and exportBlock().

SUAVE is aiming to provide low latency, privacy, credible computation, and composability so that application developers from the existing MEV supply chain can rebuild their applications as smart contracts on SUAVE. These appl include -

• Applications that require private data, e.g., auctions, block building
• Applications that require coordination within block times, e.g., block building, trade routing and filling
• Applications that require access to fresh off-chain data, e.g., trading strategies conditional on centralized exchange prices or transactions that are conditional on other transactions
• Applications that are too expensive to do on-chain because of how much compute they use, e.g., block building

• Execution Nodes

  The MEVM offers privacy and efficiency by moving compute on sensitive data into execution nodes that run off-chain. Execution nodes provides credible and private off-chain compute that can be used in smart contracts on SUAVE through special precompiles.

  • Initially run by Flashbots (trust) (Centauri)
  • will have SGX that will allow anyone to provide Execution nodes (Andromeda)
  • will try to replace SGX with cryptography

• SUAVE Chain: a modified EVM chain with MEV-specific precompiles designed for usage alongside credible off-chain execution facilitated by execution nodes. The chain is used for the deployment of smart contracts and for coordination between parties. In the future, the chain will also escrow funds used to pay for preferences, for oracle updates, and data availability.