MEV & Transaction Ordering — Final Exam

This is the capstone. Six lessons built the ordering machine from one idea outward — that a block is an ordered list and sequence is worth money; how the public mempool and the priority-fee auction price the right to order you; the two primitive moves, front-running and back-running, and the displacement/insertion/suppression taxonomy they fall into; the exact constant-product math of a sandwich, down to the victim’s lost ETH and the attacker’s profit; the load-bearing side where arbitrage realigns prices and liquidations keep lenders solvent; and the machinery — PBS, MEV-Boost, relays, private orderflow, batch auctions, encrypted mempools, MEV-Share — that tries to minimise, democratise, and redistribute it. No formula sheet, no hints, no take-backs: every answer locks the instant you submit, the wrong options are the exact traps the lessons warned about, and your score stays hidden until the end.

You’ve run the gauntlet. Here is the whole topic as one picture to seal it in.