How Does the Transition from Proof-of-Work to Proof-of-Stake Affect MEV Capture?

The transition shifts MEV capture from miners to validators and block proposers. In PoS, the block proposer is responsible for ordering transactions, giving them the opportunity to extract MEV.

This has led to the development of the 'Proposer-Builder Separation' (PBS) model to decentralize and mitigate the risks associated with MEV centralization.