Stay updated with breaking news from Extracted value. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 loophole in the Ethereum code to exploit unwary users. The science behind Miner Extracted Value or “MEV” Miner Extracted Value (MEV) originated from how the Ethereum network is structured as it gives miners the right to validate transactions as they wish. Such power gives them the ability to execute arbitrage, get access to token offerings, and perform liquidations – all without spending a dime.