Encrypt The Mempool #003
Transcript
- Anders Elowsson
Hi!
- Justin Florentine (Besu)
- Justin Florentine (Besu)
https://github.com/shutter-network/encrypted-mempool-pm/issues/2
- Anders Elowsson
I am hesitant to assigning too much weight to “execution quality” in the narrow sense
- Anthony
The next business/marcomms EM working group is Wed 6 May 15:00 UTC, if anyone would like to join https://github.com/shutter-network/encrypted-mempool-pm/issues/3
- Anthony
Replying to "The next business/ma..." Adding on for clarity, there are now 2 working groups, alternating every Wednesday at 15:00 UTC Today is the “tech” working group - focused on EM development https://github.com/ethereum/pm/issues/2034 Next week is the “Business/Marcomms” working group - focused on awareness & education, stakeholder outreach, partnerships, market research https://github.com/shutter-network/encrypted-mempool-pm/issues/3
- Anders Elowsson
Linking to how the interaction between FOCIL and LUCID is designed in the EIP: https://eips.ethereum.org/EIPS/eip-8184#inclusion-lists-with-sts-and-bundles
- Murat
Will resort to text
- Murat
2 things: Slot N inclusion ability Decryptor key specification (entity X will give my key)
- Anthony
Is it a priority to integrate better incentives (e.g. MEV rebates)?
- Justin Florentine (Besu)
Call summary
Targets
- •May 6, 2026 - Business/MarComs EM working group meeting at 15:00 UTC - 00:12:04
Highlights
- Alternate Meetings:
- ·Business/MarComs working group alternates Wednesdays; next May 6 at 15:00 UTC - 00:04:28
- Design Discussions:
- ·Lucid uses top-of-block fee auction; burned fees discourage exogenous MEV extraction - 00:11:06
- ·Non-revealed transactions can revert without wasting block space (builder reuses gas) - 00:14:36
- ·Same-slot decryption proposal enables execution optimization and builder keeper payments - 00:19:15
- ·Proposal: Allow sealed transactions with keys to act as plaintext (optional same-slot inclusion) - 00:32:02
- ·Wide sandwiches (price manipulation) unavoidable but Encrypted Mempool increases risk - 00:46:02
- Strategic Priorities:
- ·Priority: Launch testnet to make Encrypted Mempool tangible for ecosystem - 00:53:41
- ·Need core dev outreach session (async or sync) addressing Lucid concerns - 00:54:44
- ·Create landing page visualizing same-slot decryption concept for evangelism - 00:59:02
- Cryptographic Research:
- ·Gottfried exploring commitment-only designs (no mandatory encryption for transport) - 00:22:34
- ·Planning Eurocrypt workshops to engage crypto researchers on threshold decryption needs - 01:00:41
Action Items
- •Gottfried - Write detailed spec for commitment-based design with optional encryption - 00:36:56
- •Murat - Create landing page with visuals explaining same-slot decryption improvements - 00:59:02
- •All teams - Recruit client team representatives for ongoing EM working group participation - 01:02:04