Community

MEV Social Mitigation Committee

Funding amount

$84,000

Start date

December 2023

Execution

6 months

Description

This grant will fund a group of contributors to participate in MEV mitigation efforts through a social slashing committee. In response to MEV concerns on v4, Reverie shared a proposal to launch a committee responsible for monitoring, analyzing, and reporting on MEV activity across active validators. The proposal received overwhelmingly positive feedback from the community, and pass the on-chain vote. The committee will consist of seven members responsible for: regular meetings to discuss and analyze MEV activity, submitting recommendations for retroactive responses as needed, sharing finding with the community, developing a framework for future responses to MEV.

Purpose

MEV is among the biggest challenges facing the success of dYdX v4. Since no in-protocol solution is in place, this grant will hope to mitigate any malicious activity on behalf of the validator set. A social strategy consisting of qualified contributors may also be a long term solution for MEV.

Payment structure

Useful Links

Impact & Metrics

More grants like this