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Multiblock MEV opportunities & protections in dynamic AMMs

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  • Matthew Willetts
  • Christian Harrington

Abstract

Maximal Extractable Value (MEV) in Constant Function Market Making is fairly well understood. Does having dynamic weights, as found in liquidity boostrap pools (LBPs), Temporal-function market makers (TFMMs), and Replicating market makers (RMMs), introduce new attack vectors? In this paper we explore how inter-block weight changes can be analogous to trades, and can potentially lead to a multi-block MEV attack. New inter-block protections required to guard against this new attack vector are analysed. We also carry our a raft of numerical simulations, more than 450 million potential attack scenarios, showing both successful attacks and successful defense.

Suggested Citation

  • Matthew Willetts & Christian Harrington, 2024. "Multiblock MEV opportunities & protections in dynamic AMMs," Papers 2404.15489, arXiv.org, revised Apr 2024.
    • Handle: RePEc:arx:papers:2404.15489
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    File URL: http://arxiv.org/pdf/2404.15489
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