I’m thinking about ways to limit the existence of dark pools and information asymmetry between miners and the rest of the ecosystem and I would like to get your feedback on a possible future EIP that could severely hinder MEV. I consider this idea to be quite controversial because it sort of reverses some of the 1559 changes and requires more processing power from the nodes.
Let’s consider that we are already in the PoS world, there we have the process of “attestation”. At least 128 validators are required to attest to each shard block – this is known as a “committee.”
The committee is chosen randomly so there is little chance that they all will come from the same organization/actor.
Each transaction goes through two phases: First it is submitted to the public txpool, then a member of the committee will pick up that transaction, and dry-run it on the state that reflects the latest block (as if it was the only transaction in the newly simulated block). The result of this attestation is:
a. A signature of the attester, proving that they “saw” the transaction.
b. An access list of storage addresses they observed during their dry-run (EIP-2930).
c. an estimate of the gas used during the transaction execution.
d. Transactions that run out of gas will not be attested.
Repeat step 3 for the same transaction and accumulate N attestations that confirm the exact same outcomes from N different members of the committee for that validation time-slot. For now I’m arbitrary proposing N to be something like 3-5 attestations.
Only transactions that has collected enough attestations/witnesses will be eligible for inclusion in the next block.
On top of that, apply the idea proposed in EIP-3378 (EIP-3378: Ordered Blocks - HackMD) to randomize the order of those transactions within a block.
I believe that this direction could eliminate:
- dark pools to a large extend
- MEV sandwich, frontrunning and backrunning attacks (because you can’t insert arbitrary txs before or after that are not attested by N other nodes, and you can’t predict the order at all [because out of gas txs also don’t get attestations, and they are randomized -3378]).
To incentivise the attesting committee to spend time witnessing and attesting mempool transactions, the base fee would be in part transfered to those attesters instead of being burned. 1st attester gets 50% of the base fee, second attester 20%, third 10%, forth 10% and fifth 10%. For each given transaction.
This proposal is early and quite rough. Constructive feedback would be very much appreciated. Have at it!