WHEN TO SELL YOUR BLOCKS

Summary from the TLDR Crypto newsletter

This post discusses proposer-builder separation auctions, specifically comparing early auctions to just-in-time ones like MEV-Boost. Early auctions sell the right to produce a block prior to its creation. The post paints potential bidders as dominant CEX-DEX arbitrageurs due to high capital requirements, risk management, and less information during early auctions. The impact on users could be beneficial, with features like pre-confirmations, or potentially negative, with challenges like monopoly pricing. Ultimately though, the benefits of early auctions over JIT ones remain unclear.