3 ms·
Not precisely: The user initiated the swapping transaction (as opposed to putting up an order which got matched later). The MEV bot making profit happened separ
by 3np 4y ago
Not precisely: The user initiated the swapping transaction (as opposed to putting up an order which got matched later). The MEV bot making profit happened separately post-settlement.
- deleted 4y ago[deleted]
- 5350-uiop-1130 4y ago"ELI5"
- charcircuit 4y agoSteve has 1/20th of an apple and a nickle. Steve doesn't know that an apple should be worth $1. Tom asks Steve how much Steve would pay for 2 million apples. Steve says he would pay a nickle. Tom despite knowing 2 million apples is worth 2 million dollars agrees to sell 2 million apples for a nickle. Since Steve is broke he is willing to sell those 2 million apples for $1.45. Allice is a bargain hunter and looks out for any good deals. She sees Steve offering $2 million worth of apples for $1.45 and gets first in line to make the deal. In order to make sure she is first in line she pays $30k to the security guard who is managing the line.