Fastlane Labs has unveiled its groundbreaking protocol, 'FastLane on Polygon,' a significant step toward a healthier Polygon network. This new protocol aims to reward validators who maintain the health of the Polygon blockchain, monetizing transaction bottlenecks, and increasing successful trading outcomes. This innovation serves to reduce transaction spam and improve the overall health of the network. With 24% of validators on the Polygon blockchain already integrated into the FastLane protocol, Fastlane Labs continues its mission to provide robust, efficient, and user-friendly solutions to its community.
'FastLane on Polygon' presents a golden opportunity for profit-seeking algorithmic traders. Fastlane Labs has crafted this protocol specifically to reward validators that contribute to the health of the Polygon blockchain. This novel approach is expected to cut down on transaction spam, thereby boosting the network's overall health.
Aiming to optimize the Polygon blockchain, a Proof of Stake (PoS) network, the 'FastLane on Polygon' protocol targets algorithmic traders, including arbitrageurs and NFT traders. FastLane ensures quicker transactions and reduces the correlation between transaction volume and trading success. Moreover, it addresses the issue of unequal transaction processing speed, common in many blockchains, by introducing an efficient auction system that rewards validators who reduce spam and protect the network.
By replacing the small probability of certain transactions gaining a speed advantage with a transparent, highly efficient auction system, the FastLane protocol incentivizes validators to reduce spam and safeguard the network. The user-friendly protocol doesn't require any custom code or sensitive information disclosure from validators.
The auction system offers searchers the chance to compete for FastLane access during Validator block sprints, thereby boosting their chances of successful trades. Searchers initiate their transaction on the PFL relay, triggering an auction for a specific opportunity transaction. The opportunity and auction winner are then expedited to the validator via FastLane, ahead of regular network traffic.
The 'FastLane on Polygon' protocol lessens the chances of random transactions gaining a speed advantage, effectively removing the incentive to flood the network with unnecessary transactions. This reduction in bot spam contributes to a healthier network and could potentially reduce data transfer costs for both validators and searchers.
In keeping with its commitment to the Polygon community, Fastlane Labs ensures that the 'FastLane on Polygon' protocol does not enable transactions that could potentially harm Polygon users. It also includes safeguards to discourage harmful trading practices, such as sandwich attacks. With already 24% of Polygon validators integrated with the FastLane protocol, Fastlane Labs is set on its mission to provide robust, efficient, and user-friendly solutions to its community.
