Ethereum: What are Mev bots?
– Mev bots are advanced techniques that exploit transaction sorting in Ethereum block validation.
– They speculate on price slippage during trading on DEXs like PancakeSwap.
– Mev stands for Maximum Extractable Value, which represents techniques to maximize profit.
– Mev bots profit from front-run attacks by prioritizing their orders and impacting prices.
– They also arbitrage asset value and liquidate borrows, harming the end user experience.
PancakeSwap and the partnership with bloXroute: a protection against Ethereum mev bots
– PancakeSwap has partnered with bloXroute to prevent Mev bots from front-run attacks.
– Users trading on PancakeSwap will have free access to bloXroute’s RPCs.
– RPCs ensure transactions are not visible in the mempool, preventing Mev bots from identifying profit opportunities.
– The previous version had an 85% protection rate, but the latest update will offer full coverage.
– The feature requires minimal setup and can generate economic benefits for users.
BloXroute Labs and research in the crypto space
– BloXroute is a leading blockchain software development company committed to the Ethereum ecosystem.
– They offer low-latency DeFi with protection against Mev and price manipulation.
– About 350 trading firms in DeFi use BloXroute’s infrastructure for faster and more efficient data.
– They have focused on preventing sandwich/front-run attacks without damaging Ethereum.
– Their CEO, Uri Klarman, presented a solution called iiETH that allows for real-time inclusion of transactions with Mev protection.
Hot Take
The partnership between PancakeSwap and bloXroute is a significant step towards improving the efficiency and user experience of decentralized finance. By protecting against Mev bots and front-run attacks, PancakeSwap can offer a safer and more transparent trading environment. This collaboration highlights the importance of constant improvements in transaction execution to drive mass adoption of DeFi. With bloXroute’s expertise and technology, the DeFi world can compete with centralized crypto service providers and provide users with easy, fast, and cost-effective swaps.
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