Ethereum Validator Scores Big With 689 ETH From MEV-Boost Relay
Ethereum Beacon Chain has raised eyebrows in the cryptocurrency community. Specifically, a single block, built by beaverbuild.org and containing 47 transactions, resulted in a reward of 689 Ether, worth $1.28 million. The recipient of this impressive bounty was Lido, a popular solution for Ethereum liquid staking. Interestingly, this is not the first time Lido has received a reward of this magnitude; just last month, the solution was paid 691 Ether.
While the success of Lido is commendable, the transaction has sparked concerns about Miner Extractable Value (MEV)-boost relays, which can extract value by aggregating blocks from multiple builders to select the one with the highest fees. This has resulted in over $1.38 billion in MEV extraction from Ethereum users attempting to trade, provide liquidity, and mint nonfungible tokens (NFTs).
