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 loophole in the Ethereum code to exploit unwary users. The science behind Miner Extracted Value or “ME...
Source: forexcrunch.com