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246: Securing the Mempool: Loring Harkness on Shutter Network’s War Against MEV Attacks
Manage episode 477002370 series 3012250
Can encryption make Ethereum more fair?
In this episode, I speak with Loring Harkness, the ecosystem lead at Shutter Network, about a crucial — and often ignored — issue: malicious MEV. Loring explains how MEV bots extract value from unsuspecting users through front-running and sandwich attacks — and how Shutter uses threshold encryption to stop it.
We talk about encrypted mempools, the recent whitepaper proposing encrypted mempools for Ethereum, and how commit-and-reveal encryption is already protecting DAOs, auctions, and bounties via Shutter’s API.
Loring also shares his journey from building financial inclusion tools in Myanmar to becoming a passionate advocate for privacy and credible neutrality in Web3.
Whether you're building a dApp, trading onchain, or want a fairer Ethereum — this episode is for you.
Key Timestamps
[00:00:00] Intro: Sam introduces Loring Harkness and the mission behind Shutter Network
[00:01:00] Origin Story: How a coup in Myanmar inspired Loring’s pivot from TradFi to Web3
[00:04:00] What is Shutter?: Commit-reveal threshold encryption explained
[00:06:00] Understanding MEV: How front-running and sandwich attacks work
[00:08:00] Shielded Trading: How Shutter encrypts transactions to blind MEV bots
[00:10:00] Integrations: Shielded trading on Gnosis and plans for Ethereum mainnet
[00:11:00] The Cost of MEV: Over $1.3B lost to MEV since 2020
[00:12:00] Ethereum Whitepaper: How Shutter’s proposal was received
[00:14:00] The Shutter API: Making commit-reveal encryption accessible to dApps
[00:16:00] Game Theory: Loring’s live demo using rock-paper-scissors
[00:20:00] Scaling Up: How Shutter supports many use cases and transactions
[00:23:00] Real-World Adoption: Shielded voting on Snapshot and Paddle Battle auctions
[00:25:00] The Real Threat: Why Ethereum must align with its own values
[00:27:00] Community Ask: Why users and developers must demand fairness
[00:29:00] Wrap-up: Links and next steps for integrating Shutter Network
Connect
https://www.linkedin.com/in/loringharkness/
Disclaimer
Nothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.
Be a guest on the podcast or contact us - https://www.web3pod.xyz/
260 פרקים
Manage episode 477002370 series 3012250
Can encryption make Ethereum more fair?
In this episode, I speak with Loring Harkness, the ecosystem lead at Shutter Network, about a crucial — and often ignored — issue: malicious MEV. Loring explains how MEV bots extract value from unsuspecting users through front-running and sandwich attacks — and how Shutter uses threshold encryption to stop it.
We talk about encrypted mempools, the recent whitepaper proposing encrypted mempools for Ethereum, and how commit-and-reveal encryption is already protecting DAOs, auctions, and bounties via Shutter’s API.
Loring also shares his journey from building financial inclusion tools in Myanmar to becoming a passionate advocate for privacy and credible neutrality in Web3.
Whether you're building a dApp, trading onchain, or want a fairer Ethereum — this episode is for you.
Key Timestamps
[00:00:00] Intro: Sam introduces Loring Harkness and the mission behind Shutter Network
[00:01:00] Origin Story: How a coup in Myanmar inspired Loring’s pivot from TradFi to Web3
[00:04:00] What is Shutter?: Commit-reveal threshold encryption explained
[00:06:00] Understanding MEV: How front-running and sandwich attacks work
[00:08:00] Shielded Trading: How Shutter encrypts transactions to blind MEV bots
[00:10:00] Integrations: Shielded trading on Gnosis and plans for Ethereum mainnet
[00:11:00] The Cost of MEV: Over $1.3B lost to MEV since 2020
[00:12:00] Ethereum Whitepaper: How Shutter’s proposal was received
[00:14:00] The Shutter API: Making commit-reveal encryption accessible to dApps
[00:16:00] Game Theory: Loring’s live demo using rock-paper-scissors
[00:20:00] Scaling Up: How Shutter supports many use cases and transactions
[00:23:00] Real-World Adoption: Shielded voting on Snapshot and Paddle Battle auctions
[00:25:00] The Real Threat: Why Ethereum must align with its own values
[00:27:00] Community Ask: Why users and developers must demand fairness
[00:29:00] Wrap-up: Links and next steps for integrating Shutter Network
Connect
https://www.linkedin.com/in/loringharkness/
Disclaimer
Nothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.
Be a guest on the podcast or contact us - https://www.web3pod.xyz/
260 פרקים
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