Introducing the Maximal Extractable Value (or what we all know as MEV Bots)

Introducing the Maximal Extractable Value (or what we all know as MEV)

It is a sneaky tactic employed by cunning characters, also known as "Searchers," to play tricks on your transactions and drain your pockets.

Picture this:

Every time you make a transaction that holds some value, these sneaky bastards the Searchers can pull a fast one on you by "Frontrunning" it. They swoop in and submit the exact same transaction before you, snatching up all the profits for themselves. Talk about being one step ahead!

But wait, there's more! After you've been Frontrun, brace yourself for the dreaded "Backrun." This devious maneuver involves the searcher tidying up any price slippage caused by your trade, once again pocketing all the gains.

It's like they're running a sandwich shop, but instead of serving up deliciousness, they're serving themselves a heaping plate of MEV gains, Damn Thieves!!

Both a Frontrun and a Backrun together are known as a “Sandwich Attack” — the worst type of MEV attacks.

The result? Your transactions end up with a worse price, and you could be waving goodbye to hundreds, even thousands of dollars. Ouch!

Luckily, there are some ways to fight back against these sneaky tactics. Here are a few options to consider:

1. Manual: You can always adjust the slippage to the Absolute Minimum just enough to make the transaction get processed. It's like performing a high-wire act, trying to outsmart those searchers and get your transaction processed with minimal loss.
2. Automatic: Meet the MEV Blockers! These nifty tools acts as your trusty sidekick, an RPC endpoint that shields all your transactions from MEV attacks. It's like having a superhero watching your back, ready to save the day and keep those searchers at bay.
3. The DeFi Dream: Let's keep our fingers crossed for some DeFi solutions (and Wallets providers) that come equipped with built-in MEV Blockers. Imagine a world where these sneaky tactics are no match for the powerful defenses of the DeFi realm. It's a dream worth chasing!

So, my Crypto friends, be on guard against the mischievous MEV and arm yourself with these mitigation strategies.

Remember, in this funny little world of finance, it's all about staying one step ahead and protecting your hard-earned dollars. Happy transacting!