ParaSwap Defies MEV Attacks with Revolutionary Intent-Based Protocol
CryptoNewsTerminal Staff19 Aug, 2024
ParaSwap Defies MEV Attacks with Revolutionary Intent-Based Protocol
ParaSwap (PSP), a decentralized exchange (DEX) aggregator protocol, has unveiled an intent-based protocol to combat the pervasive threat of miner extractable value (MEV) attacks, as reported by Cointelegraph. This innovative protocol empowers users with the ability to specify their intentions, such as target price ranges, without broadcasting their transactions on the mempool. By concealing their intentions, users can effectively thwart MEV attacks, in which miners exploit transaction data to manipulate prices and extract value from traders. This novel approach marks a significant stride in the DEX landscape, offering users a secure and fair trading environment.
