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Malicious MEV is draining millions from traders and wrecking the fairness of DeFi.
Malicious MEV undermines the fairness and efficiency of BNB Chain and the decentralized digital ledger world. Many users, especially retail altcoin traders, have suffered from Sandwich attacks and lost hundreds of millions of dollars. The BNB Chain community is eager to find a solution to reduce malicious MEV.
Here we suggest we make BNB Chain unique to turn down malicious MEV as a community. We should take steps to help, discourage, and even penalize those who facilitate and introduce malicious MEV into the BNB Chain. All infrastructures, including but not limited to block builders, RPC nodes, validators, and Dapps, should have their ways of detecting and preventing malicious MEV. Particularly validators, as the block proposers and the ones enjoying the commissions, should take full responsibility to help users from such exploits.
We suggest that the BNB community should take all technology and non-technology weapons to reduce malicious MEV, such as:
Bring in potential penalties to bad players
– Disconnect malicious block builders
– Vote out irresponsible validators
In 2025, a new BEP (BNB Evolution Proposals) will be introduced to technically reduce transaction exposures and improve mempool efficiency.
At the same time, we are encouraging all of you to:
– Share the bad players who facilitate malicious MEV
– Use MEV-protected wallets
– Stop using unsafe RPCs
For details, you can refer to the user guide: https://docs.bnbchain.org/bnb-smart-chain/validator/mev/user-guide/#for-retail-traders
If you are with us, please vote ‘yes’ here and spread this proposal via your social media channels!
