Open Sourcing ZeroMEV and Funding Its Maintenance

Summary

ZeroMEV seeks $5,000 in funding from Shutter DAO to maintain its critical MEV data services for the Ethereum community until the end of 2024 and open-source the code.

Proposal

ZeroMEV requests a total of $10,000 in funding to continue providing essential Miner Extractable Value (MEV) data services to the Ethereum community until the end of 2024. With $5,000 already committed by CoW Grants, we are seeking an additional $5,000 from Shutter DAO to cover the full costs. This funding will cover infrastructure and maintenance costs, ensuring the continued operation of the ZeroMEV API, website, and Ethereum nodes.

Key Deliverables

1. Maintaining the ZeroMEV API providing MEV summary data for each relevant transaction.
2. Ensuring the ZeroMEV website remains operational and accessible.
3. Continuing to run Ethereum nodes that collect transaction data for real-time MEV classification.
4. Open-sourcing the ZeroMEV project code by the end of 2024.

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

Total funding goal: $10,000

• $5,000 committed by CoW Grants
• $5,000 sought from Shutter DAO

Implementation

This proposal is intended as approval of the funding. Upon milestone completion, a payment proposal will be submitted on Decent to payout the grant to PMC on the mainnet address: 0x022a0D82f00Ed885f3707B92279Aa8528dc1b0A0

Future Developments

While this proposal focuses on maintaining the existing ZeroMEV services, we acknowledge the potential for future enhancements and collaborations, including:

1. Aggregate Data Analysis
2. Enhanced Transaction Analysis
3. Censorship Monitoring
4. Partnerships and Collaborations
5. Open-Source Development

Links

• Website: zeromev.org
• Twitter: @pmcgoohanCrypto
• GitHub: pmcgoohan
• Miners frontrunning post (2014)
• Estimate frontrunning estimator
• Builder centralization warning
• Coindesk article
• EthGlobal
• YouTube

Voting Options

1. Yes, approve $5,000 funding from Shutter DAO for ZeroMEV
2. No, do not approve funding from Shutter DAO for ZeroMEV

License

CC0: This work is marked with CC0 1.0 as dedicated to the public domain.