Ethereum Foundation proposes burning all MEV revenue

The Ethereum Foundation has unveiled a mechanism called "Execution Tickets" that would see the protocol, rather than validators, capture and burn all Maximal Extractable Value (MEV) revenue generated during block creation, Foresight News reported. Under this system, the right to determine transaction order within a block would be sold via auction. The proceeds would then be burned, similar to EIP-1559, helping to reduce the total supply of ETH. This change would also mean validators receive only pure staking rewards without competing for MEV, which is expected to lower the barrier to entry for individual stakers. The proposal is a key part of 'The Scourge' phase of Ethereum's roadmap, which aims to combat centralization.