The BNB Chain community has initiated a vote on Maximal Extractable Value (MEV) issues. This vote is critically important for maintaining DeFi's integrity and fairness.
Urgent MEV Measures Needed
MEV refers to the potential profit that miners and validators can obtain by manipulating transaction order. In 2021, this led to losses surpassing 90,000 ETH, equivalent to approximately $300 million.
BNB Chain Votes on MEV Exploitation
The BNB Chain community is exploring various solutions to tackle MEV challenges. A poll initiated by the former Binance CEO shows 82.9% support addressing MEV, while 17.1% prefer maintaining the status quo.
Proposed User Protection Solutions
To combat threats associated with MEV, privacy-protecting RPCs are proposed to reduce sandwich attacks. Decentralized exchanges are also considering implementing free MEV protection features.
The vote and proposed MEV solutions on BNB Chain may significantly influence the future of DeFi, providing a more secure and fair environment for users.
