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Ethereum miners are banking at unaware DEX users' expense

Mar 17, 2021 15:16 GMTCrypto News The DeFi boom has encouraged Ethereum miners to take advantage of users by arbitrarily reordering blocks for profit. The MEV strategy is usually performed by third-party bots, allowing miners to charge high transaction fees. Block producers can use arbitrage to earn a profit by buying low on DEXs and selling high on other exchanges. With the decentralized finance ecosystem gaining over $43 billion in total value locked, there is growing adoption of a new loopho...
Igor Igamberdiev Ed Felten Miner Extracted Value Extracted Value Value Extracted Off Chain Labs

Bancor (BNT) announces impressive monthly result on Bancor Vortex

Bancor (BNT) announces impressive monthly result on Bancor Vortex February 16, 2021 Bancor plans to complete a secret pool design that will minimize complexity and reduce the cost of gas fees. Bancor’s decision to expand limits on pools such as LINK and ETH has yielded positive results. Bancor (BNT) users are making about 25% from swap fees, which is far higher than swap fees from other pools. On-chain liquidity protocol Bancor shared its monthly report, which showed an impressive performance...
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Source: invezz.com

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