Neutron, a cross-chain platform for smart contracts drawing on the security of the Cosmos ecosystem, has announced a significant innovation – the introduction of the Skip MEV Auction. Skip Protocol, recognized as a sovereign MEV infrastructure, assists protocols and blockchains, enabling blockchain communities to structure their blockspace market operations.
Through an official Twitter announcement, Neutron clarified the role of the current auction as a substantial step towards blockspace optimization and the recapturing of MEV (Miner Extractable Value). It detailed how this new development will impact both validators and consumers.
The Skip MEV Auction will enable searchers to bid for priority transactions at the top of the block, safeguarding consumers against potential harm. The platform noted that market makers (MMs) need not worry about missing opportunities due to the order of transactions. Further, customers stand to benefit from improved pricing, while the chain itself stands to generate increased revenue.
Neutron elaborated that the Skip MEV Auction aims to reclaim profits from Cosmos Hub and Neutron, creating a reward pool for those staking ATOM tokens. This approach, according to Neutron, provides further incentives to stimulate network adoption. Finally, the company assured consumers of its collaboration with Skip to create a more effective transfer ecosystem.
