Milestone: Production Status
In our last community call I spoke about re-implementing our arbitrage engine and infrastructure. That process has been finally seen feature-parity with the existing (and now retired) original implementation. The new on-chain components are not technically required to use in order to operate, although they will be an order of magnitude more helpful both in realizing profits and simplifying the manual payout tasks for rebates (no more batch processing).
Now that we are in feature production, I will outline specific milestones/goals that we will execute over the next 12 weeks:
1: Launch new Sushi Guard Router (OpenMEV Router for arb) 2: Launch new JIT Routing Extension for the Sushi Guard Router 3: Onboard at least 1 new searcher team (we are in talks with 3 right now) 4: Provide preliminary design for Generic OpenMEV Router (permissioned for searchers) 5: Proposal: Re-examine Sushiswap reward payouts in context of OpenMEV surplus 6: Reimburse if proposal 5 accepted (Gauntlet Network/Ch 7: Proposal: Accept new ERC4262 Vault AMM and Router for BentoBox/Kashi/YieldBox 8: Reimburse if proposal 7 accepted
Spreadsheet
Accumulated Surplus
Covering 41 hours: $23,677.59
MultiSig / Transparency
The Manifold Finance MultiSig is listed below:
We are migrating all developer addresses to use this address going forward. We expect by the end of next week to have net arbitrage profits depositing into the address and that address only (for now).
Surplus payouts:
Should the amount generated from the legacy arbitrage system be rolled over into Month 4’s payouts, or paid out to Month 3, or be used for something else (new stablecoin pairing for FOLD)?