flashbots-101
Understanding Flashbots Protect & MEVRefund Products
What is Flashbots?
"Flashbots is a research and development organization formed to mitigate the negative externalities posed by Maximal Extractable Value (MEV) to stateful blockchains, starting with Ethereum."
Flashbots protects your transactions from MEV, including giving MEV Refunds.
MEV is the general term for all the ways parties who know about your transactions can extract value while making blocks.
You can add Flashbots Protect to your crypto wallet for free at https://protect.flashbots.net/
Protect me from what?
- Frontrunning / Backrunning / Sandwiches
Block Builders strategically putting their own transaction before or after yours, e.g., to make you pay slightly more for a token on a DEX.
- Sniping
For example, bots beating you to a new NFT mint to sell it instantly on an NFT marketplace.
- Public Mempool
Sometimes you want your transaction to be private, like if your private key is leaked and you want to save your assets before the hacker notices you noticed them.
Learn More
