Flashbots, a research firm formed to crack down on the unsavory practice of “maximal extractable value” or MEV on the Ethereum blockchain, proposed “MEV-Share” to distribute the gains more broadly.
The new protocol would distribute MEV to Ethereum users, rather than just to validators and data-block builders, according to a blog post on the Flashbots website.
MEV represents the profits made by validators and blockbuilders as a result of reordering or including certain transactions in certain data blocks. Initially seen as an abusive extra tax on users imposed by opportunistic traders wedging themselves into the blockchain process, the practice has become ubiquitous.
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