Innovative research is being explored in blockspace auctions, aiming to enhance efficiency and participation in the blockchain ecosystem. Quintus Kilbourn from Flashbots has introduced a new refund mechanism for searchers, allowing them to reclaim part of their bid if their bundles are critical in securing the auction for builders. This shift aims to promote decentralization and competition by altering the incentive structure for searchers.

Source: https://Blockchain.News/news/innovative-approach-blockspace-auctions-a16z-crypto