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Path to Economic Efficiency

The research organization’s suggested fix combines “programmable privacy,” which gives searchers enough visibility to avoid spam while shielding users from predatory strategies, with explicit bidding for transaction priority. This way, it believes competition will shift from brute-force spamming to transparent, price-based auctions.

In another X post, Miller revealed that some early experiments, like using Trusted Execution Environments (TEEs) to enforce bot behavior, are already live. Last year, his compatriot Angela Lu announced that Flashbots had run tests, where they embedded a bot inside a secure enclave, letting it capture arbitrage opportunities trustlessly while preventing malicious tactics like sandwich attacks.