Anatomy of an MEV Strategy: Synthetix | Robert Miller’s blog

A few months ago notorious alpha leaker KALEB posted the following message in the Flashbots public searchers discord: KALEB had previously leaked hundreds of thousands of dollars of alpha around changes to Synthetix. Sharing alpha in this den of bot operators was like throwing red meat at lions, and a quick look at the contracts confirmed there was a dizzying of money on the line. Over the following weeks I planned and attempted to execute on a strategy to capture the MEV KALEB shared above. I am open sourcing the code I used for this, and I will walk you through my process and strategy in this post. You will not be able to run my code and print money, but this post will teach you how I think about designing new searchers and contains much alpha about doing so. Naturally this will be somewhat technical, but I strived to keep it understandable for a non-technical audience. I'm not a Synthetix expert, so the first step was to learn what I was would be working with. Specifically: I identi

A few months ago notorious alpha leaker KALEB posted the following message in the Flashbots public searchers discord: KALEB had previously leaked hundreds of thousands of dollars of alpha around changes to Synthetix. Sharing alpha in this den of bot operators was like throwing red meat at lions, and a quick look at the contracts confirmed there was a dizzying of money on the line. Over the following weeks I planned and attempted to execute on a strategy to capture the MEV KALEB shared above. I am open sourcing the code I used for this, and I will walk you through my process and strategy in thi