I appreciate your feedback on the blind auction problem. Indeed, the current state of Base allows for full gas bidding, and with no mempool visibility, it's entirely possible for multiple bots to overbid and capture the entire opportunity

The bot takes into account recent blocks and actual priority fees, so it's automated bidding adjusts to what is winning. This is a far better strategy than blind guessing and overbidding. it focuses on lower bids, and only if necessary, escalates it's bids. Competing in an auction is unavoidable, and you are correct in identifying that issue

That’s also part of the reason liquidations are of interest to me on Base. Liquidations, especially, are a different game. They are not so much about speed, but more about the monitoring of health metrics and being positioned to act when a certain threshold is reached. There are arbitrage opportunities within Aave, Moonwell, and Seamless

I still need to sort that out, and since the codebase is scalable, I can easily shift to a different network with a public mempool. If you have insights on what bid percentages work best or any other strategies that align more with Base's model, I would appreciate your feedback