Key Points:
MEV is a transaction fee levied on users of decentralized finance (DeFi). MEV bots may intercept and inflate prices for users during transactions like Ether exchanges, nonfungible token (NFT) purchases, and ENS registrations.
Remote procedure call (RPC) services often link users to blockchain nodes. Yet, our MEV Blocker has the added benefit of protecting users against MEV.
CoW Swap, Beaver Build, Agnostic Relayer, EigenPhi, Builder0x69, ZeroMEV, Balancer, Gelato, Gnosis DAO, bloXroute, 1inch, Safe, Paraswap, and others have joined the effort. It is a free and censorship-resistant method for dealing with the Ethereum ecosystem’s “$1.3 billion dollar issue.”
The joint effort intends to address the rising issue of MEV in the Ethereum ecosystem, which exposes users to getting inferior pricing on trades, NFT purchases, ENS name registrations, and liquidity provisioning as a result of MEV bot hijacking. Simply said, MEV makes economic circumstances for on-chain users more challenging.
MEV Blocker supports an auction amongst a network of “searchers” who are allowed to backrun your transactions. In exchange, they protect you against frontrunning and sandwich attacks, two forms of MEV that often abuse Ethereum users.
MEV Blocker may be added to a crypto wallet as a special RPC endpoint, protecting users against frontrunning and sandwiching while using any Ethereum DApp. According to the official statement, MEV Blocker rewards validators with at least 90% of the revenues from successful bids.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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