# [Debate] Steelman Challenge: we are all building the same damn thing! 4

- Channel: [ZuBerlin](https://streameth.org/zuberlin)
- Date: 2024-06-13
- Duration: 24:45
- Topics: blockchain, ethereum, cryptocurrency, economics, insurance
- Watch: https://streameth.org/watch/666b1c7307f92b086c2cd78d
- Download: https://vod-cdn.lp-playback.studio/raw/jxf4iblf6wlsyor6526t4tcmtmqa/catalyst-vod-com/hls/9fe32dfpjepn6b3d/1080p0.mp4

## Description

Clip The video discusses a new proposal for handling maximum extractable value (MEV) and pre-confirmations in blockchain networks post-merge. The speaker illustrates the distribution of MEV boost bids using a graph, highlighting that 99% of MEV blocks are valued under one ETH, and no blocks have exceeded 1000 ETH since the merge. They critique the old proposal that required 1000 ETH of collateral as a sequencer, noting its high barrier to entry, unnecessary risk, inefficiency, and lack of user compensation when things go wrong.

The new proposal suggests only requiring one ETH of collateral to cover most pre-confirmations and using additional insurance for any larger requirements. This system would make it easier for smaller operators to participate, reduce risks for operators, and ensure users are compensated for any faults. The discussion also covers how to prevent insurance fraud using secure enclaves like SGX to track and limit insurance capital allocation.

Questions from participants address concerns about sybil resistance in a permissionless setting, the potential impacts on base rollups with registry requirements, compensating hack victims from MEV proceeds, and ensuring the security and feasibility of the proposed insurance mechanism. The speaker elaborates on how secure enclaves can prevent over-allocation of insurance funds and maintain trust in the