This is the equilibrium outcome of mcp + fba (should really be called FBO, for Ordering) There is no reason to overspend on replay order priority fees because the programs, or propAMMs can programmatically reject any high priority takers. They can force all takers to use priority 0. this means that oracle updates, gain the latency advantage equal to the batch frame size. 50ms as currently designed. Maybe the optimal is 25ms, maybe it’s 100ms, that’s up to the markets to figure out. What does this mean for current validator priority fees? Or “inclusion” fees. It means the same as now. End of the block where the latency advantage is the highest for the oracle update, those oracle updates will pay the validator up to the economic value of inclusion in priority fees, but no more then the best offer out of the nearest proposers. What does this mean for takers? Takers can dynamically check the best offer on chain out of all the propAMMs that have the latency advantage and route their traders between all of them. Markets for oracle inclusion, markets for takers, control for propAMMs == best possible prices for everyone.(toly 🇺🇸)