Maximizing Extractable Value from Automated Market Makers
نویسندگان
چکیده
Automated Market Makers (AMMs) are decentralized applications that allow users to exchange crypto-tokens without the need for a matching order. AMMs one of most successful DeFi use cases: indeed, major AMM platforms process daily volume transactions worth USD billions. Despite their popularity, well-known suffer from transaction-ordering issues: adversaries can influence ordering user transactions, and possibly front-run them with own, extract value AMMs, detriment users. We devise an effective procedure construct strategy through which adversary maximize extracted transactions.
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ژورنال
عنوان ژورنال: Lecture Notes in Computer Science
سال: 2022
ISSN: ['1611-3349', '0302-9743']
DOI: https://doi.org/10.1007/978-3-031-18283-9_1