Over the past two days, I’ve been flipping through proposals again, focusing on the sections about ordering/MEV—and the more I read, the more I feel that “on-chain front-running” isn’t some abstract moral question. Others think MEV is just robot fighting and has nothing to do with ordinary people; in practice, many times it’s exactly you clicking a swap/mint, and suddenly the slippage increases for no reason, the execution price gets bumped up a bit, and in the end the cost gets spread across each small order.

What’s even more irritating is that people are telling the story of everything rising and falling together—interest rate cut expectations, the Dollar Index, and risk assets—while on-chain microstructure is still quietly taking away a little in the “who goes first, who goes second” game… Put plainly, macro blows in for a while like the wind; then on-chain front-running gets you a bite too, and the overall user experience just feels awful.

I don’t expect absolute fairness, but at least in governance, don’t write “increasing revenue” so lightly. Where does the revenue come from, who pays for it—someone needs to spell it out clearly. Anyway, I’ll keep being the back-row raise-my-hand party, and my vote will be watching this closely.