Ah yes, two MEV CEOs congratulate themselves on how MEV is necessary for market efficiency and actually helps users!
It's not. Stellar has a protocol level DEX, where TXs can perform atomic swaps across many different assets, offers, AMMs, and be guaranteed best price at the
I agree: MEV is dead on @solana.
I read and reacted to @buffalu__ article over a month ago, but it gave me a lot to think about as the CEO of one of the largest MEV data applications.
After going through the opinions of traders and companies over the past month, I realize that
Unfortunately, he’s right: Stellar has no “economic security” :(
You have to choose your counterparties. No spicy anonymous Russian validators.
You can’t front-run users. There’s no MEV market.
You can’t upcharge fees. Validators don’t get paid.
You can’t pull reorg attacks.
What's that saying about trying every bad solution before stumbling on the right one? Keep trying guys.
Sorry to interrupt the party, but Stellar is not a legitimate blockchain and does not offer any of the guarantees of a good one. There is no economic security, just a fantasy
Interesting idea to combat MEV, but it's gonna kill TPS, network throughput, and validator profitability.
TLDR
For each block, N proposers simultaneously submit "sub-blocks". These sub-blocks get merged into a single block, and TXs from each leader get ordered by fee and
Introducing Constellation: a multiple concurrent proposers protocol for Solana. With proposers operating on a 50ms cycle, Constellation gives Solana the fastest protocol enforced economic tick rate of any blockchain.🧵
20 days ago a fresh wallet received $50.4M USDT from Binance.
Just a bit ago, they swapped the entire amount for 327 AAVE worth ~$36K routed through CoW Protocol via Sushiswap.
They paid $154K per AAVE.
In the same block, an MEV bot immediately flash borrowed $29M WETH from