Proposal Title | Author(s) | Phase | Type | Date Created |
---|---|---|---|---|
Continuation and Maintenance of ZeroMEV Services | Pmcgoohan (zeromev.org) | I | Off-Chain | 30.07.2024 |
Continuation and Maintenance of ZeroMEV Services
ZeroMEV seeks $10,000 in additional annual funding to maintain its critical MEV data services for the Ethereum community.
Proposal
ZeroMEV requests $15,000 per year to continue providing essential Miner Extractable Value (MEV) data services to the Ethereum community. With $5,000 already committed by CoW Grants, we are seeking an additional $10,000 to cover the full annual costs. This funding will cover infrastructure and maintenance costs, ensuring the continued operation of the ZeroMEV API, website, and Ethereum nodes.
Key deliverables include:
- Maintaining the ZeroMEV API providing MEV summary data for each relevant transaction.
- Ensuring the ZeroMEV website remains operational and accessible.
- Continuing to run Ethereum nodes that collect transaction data for real-time MEV classification.
The project founder, Pmcgoohan, commits to refactoring the project and publishing it with an open-source license by the end of the 12-month period.
Motivation
ZeroMEV plays a vital role in enhancing transparency around MEV on Ethereum. Without continued funding, the Ethereum community would lose a reliable source of MEV data, potentially hindering research, awareness, and development of MEV mitigation strategies. This project aims to:
- Promote transparency and awareness of MEV issues.
- Support research and development in MEV mitigation.
- Provide reliable data sources for the Ethereum community and related projects.
Many MEV research papers and community discussions on ethresear.ch have cited ZeroMEV, making it important to keep available for the completeness of those citations in addition to availability for future research.
Applicant Background
Pmcgoohan has a 20-year career in developing automated trading systems and has been involved in Ethereum since before the pre-sale. His work includes the EthInclude project and contributions to discussions on MEV and builder centralization. He founded ZeroMEV in 2021 with an Ethereum Foundation grant.
Budget Breakdown
- Infrastructure/Maintenance: $15,000
Cost Justification
The $15,000 annual budget reflects the actual server costs for running multiple nodes across the globe, collecting data, and hosting the API. While we understand this may seem high, it represents the current operational costs to maintain the service’s global reach and data integrity. By open-sourcing the project, we aim to:
- Enable community contributions that could optimize the system.
- Potentially find more cost-effective hosting solutions in the future.
- Create opportunities for exciting new developments and collaborations.
We appreciate the initial $5,000 contribution from CoW Grants and are actively seeking an additional $10,000 from ecosystem partners to bridge the gap. This approach allows us to maintain this critical service while working towards a more sustainable and community-driven model for the future.
Future Developments and Complementary Grants
While this proposal focuses on maintaining the existing ZeroMEV services, we acknowledge the potential for future enhancements and collaborations. Based on community feedback, we’ve identified several areas for potential expansion:
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Aggregate Data Analysis: Currently, ZeroMEV provides per-transaction data. A future project could focus on developing aggregate data analysis tools, offering a more comprehensive view of MEV trends.
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Enhanced Transaction Analysis: We recognize the sophistication of tools like Eigenphi Eigentx. A potential collaboration or complementary project could involve enhancing ZeroMEV’s transaction analysis capabilities to provide more detailed insights.
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Censorship Monitoring: Expanding ZeroMEV’s scope to include censorship monitoring, similar to censorship.pics and eth.neutralitywatch.com, could provide valuable data on this critical aspect of blockchain operations.
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Partnerships and Collaborations: We are open to exploring partnerships with projects like Eigenphi to leverage synergies and create more robust MEV analysis tools.
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Open-Source Development: As part of this proposal, we commit to open-sourcing the ZeroMEV project by the end of the 12-month period. This will enable community contributions and potentially lead to more cost-effective hosting solutions in the future.
While these enhancements are beyond the scope of the current proposal, we are actively seeking additional funding and collaborations to pursue these exciting developments. We believe that maintaining the current ZeroMEV services is crucial to ensure continuity of data availability while we work towards these future goals.
Links
- Website: zeromev.org
- Twitter: @pmcgoohanCrypto
- GitHub: pmcgoohan
- Miners frontrunning post (2014)
- Estimate frontrunning estimator
- Builder centralization warning
- Coindesk article
- EthGlobal
- YouTube
Platform
Snapshot
Voting Type
Single choice voting
Voting Options
- Yes, fund ZeroMEV for $10,000 per year
- No, do not fund ZeroMEV
License
CC0: This work is marked with CC0 1.0 as dedicated to the public domain.