Euler Unveils MEV-Resistant Fee Conversion Solution

馃攽 MEV-Resistant Fee Conversion

By Euler
Apr 29, 2024, 6:01 PM
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Euler has introduced a new fee conversion solution that automates the conversion of different token types into a single token through back-to-back Dutch auctions.​ This approach aims to minimize maximum extractable value (MEV) exposure and reduce reliance on price oracles.​ The auction frequency and predictability are fine-tuned to align settlements with consistent fee inflows.​ While this method reduces MEV exposure and oracle dependency, it may hit gas limits, affecting transfers and swaps due to the absence of a token sale cap.​ The solution enables the Euler DAO to convert fees from various assets into a unified, accumulated token, providing a passive income stream for vault creators while sharing a portion with the DAO in a decentralized and efficient manner.​

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