How Do Flashbots Aim to Mitigate the Negative Externalities of MEV?
Flashbots provides a private communication channel between searchers and block builders/validators, bypassing the public mempool. This mechanism aims to democratize MEV, prevent gas wars (where searchers outbid each other), and minimize network congestion.
By moving the MEV auction off-chain, it makes the process more transparent and efficient for the participants.