MEV extracting

Fair MEV distribution

Every time users do swaps on a DEX, they change the prices in certain AMM pools, which creates arbitrage opportunities that usually benefit a small group of people: MEV bots.

In this example, we see how one of the bots bought BTT at a cheaper price and sold it in the other pool at a higher price for BNB, balancing the prices in both pools and earning 42$.

Split changes the rules of the game and grasp these opportunities directly in the user's transaction; 50% of the profit from the opportunity created by a trader is returned as cashback.

Liquidity aggregation + MEV = Higher capital efficiency

Real example by a Split

Transaction Flow Chart | EigenTx:0x98ccb25da21787dd68958029537bc89d988101467a6e748ddc8ee0ec2f4dfe99EigenPhi

Source

What's the magic? 1. Protocol uses AAVE Flashloan and doesn't need its liquidity for MEV extracting;

2. Algorithm efficiency is 87%+;

3. Trader recovers up to 60% of the slippage;

4. User doesn't even have to pay gas fees.

The protocol extracts MEV from users' transactions using other pools without impacting them.

Split MEV-sharing