MEV, or miner extractable value, has recently become a hot issue; it allows traders to “frontrun” transactions by raising trade gas fees. MEV, or miner extractable value, has recently become a hot issue; it allows traders to “frontrun” transactions by raising trade gas fees.
What is Mev?
Any value sufficient to motivate miners on the Ethereum network to give transactions within a block more priority than others is referred to as MEV. Because all activities on Ethereum are visible, and miners are ultimately the arbiters of how such operations are ordered within a block, this is conceivable.
Assuming all other factors are equal, pending transactions are processed one after the other as they arrive. Unfortunately, not everything is equal, as many traders, particularly in the field of decentralized finance (DeFi), may raise gas fees connected with trades in order to “frontrun” other transactions.
What is Eden Network?
Eden Network is an ordering mechanism that allows users to perform transactions without fear of being front-runned, while also allowing block producers to profit from their network standing. Staking the protocol’s native EDEN token or becoming a Slot Tenant aligns this behavior, allowing an application’s community to trade without worry.
Eden Network, originally known as Archer DAO, seeks to correct the situation in this way. As the popularity of DeFi grows, so does investor interest in MEV.
The only problem is persuading traders and block producers that Eden can earn them more money than in the wild And it is for this reason that the Eden team has set aside the most recent cash for adoption.
