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.

Monthly users lose more than $85M on slippage and sandwich attacks.

Split changes the rules of the game and grasp these opportunities directly in the user's transaction; up to 60% of the profit from the opportunity created by a trader is returned as cashback.

Main goals are to provide the best swap prices through smart routing, and to extract MEV whenever possible, increasing capital efficiency and recovering a significant portion of slippage.

Real example by 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

Rewards in: WETH, WBNB, arbETH, WMATIC, WFTM, WAVAX