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That won't really be necessary once EIP-1559 is released which is expected in Q2/Q3 of this year.
by hanniabu 6y ago
That won't really be necessary once EIP-1559 is released which is expected in Q2/Q3 of this year.
- latchkey 6y agoSorry, 1559 won't solve this problem.
- hanniabu 6y agoDoesn't it set the network fee?
- dannyw 6y agoNo: MEV is often far greater than the network fee. A miner now having to pay $13 to make $2000 isn’t going to be deterred by having to pay $13.
- imtringued 6y agoAssuming we have a miner intelligent enough to detect all arbitrage transactions. What prevents the miner from paying $2000 for the transaction? I'm asking because that would mean "MEV" would always be 100% of the arbitrage opportunity.
- latchkey 6y agoMiners don't have to pay anything other than capex/opex for transactions. If they can mine their own transactions. Most cannot. Also remember, the cost of ETH to a large miner is significantly lower than market price (hence mining instead of buying).
- latchkey 6y agoIt sets a base fee. It does not prevent a miner from forming their own blocks with whatever transactions they want and in whatever order they want. Disclosure: very large scale miner working on this exact problem space
- hanniabu 6y agoWould staking resolve that?
- rglullis 6y agoFront-running has nothing to with gas fees