The PancakeSwap MEV guard will protect users from unfair prices and enhance trading security on the BNB chain.
Amid the mainstream adoption of digital assets through decentralized exchanges (DEXes), PancakeSwap CAKE $2.03 24h volatility: 3.4% Market cap: $642.79 M Vol. 24h: $54.64 M , a leading multi-chain DeFi platform, has announced the launch of a new product to streamline customer experiences. According to the announcement, the DEX users on the BNB chain will have access to the PancakeSwap MEV Guard.
The miner extractable value (MEV) is a form of attack on DEX users that denies them the best swap prices through frontrunning and sandwiching. The PancakeSwap MEV Guard was developed by the 48 Club team, and it is multi-wallet compatible including through custom RPC support.
“This solution, launched on the BNB Chain, enhances security, privacy, and trading efficiency for all users on the BNB Chain ecosystem. With PancakeSwap MEV Guard, you can swap confidently, knowing your transactions are safe and seamless, all with a simple setup,” PancakeSwap noted.
How to Activate the PancakeSwap MEV Guard
For the MetaMask users, the process of enabling the MEV guard will entail landing on the PancakeSwap page and enabling the feature in a single click. For other web3 wallets including SafePal and Trust wallet, users will need to add the PancakeSwap MEV guard’s custom ROC endpoint manually.
Notably, users will need to switch to the PancakeSwap MEV Guard RPC via the wallet network. In addition to the MEV guard, the PancakeSwapX also unveils more advanced layers of MEV protection to enhance users’ experiences.
For instance, the PancakeSwapX MEV will enable off-chain order signing, which will keep transaction details private until final execution. Additionally, the PancakeSwapX MEV will eliminate gas bidding wars, by introducing external liquidity providers.
As an added defense feature, the PancakeSwapX will randomize liquidity sources to make it challenging for bots to execute sandwich attacks.
“PancakeSwapX and PancakeSwap MEV Guard form a solid MEV protection framework that empowers users to trade securely, confidently, and without interference. These measures address critical pain points in DeFi, including frontrunning and sandwich attacks, while fostering a healthier and more transparent ecosystem,” the firm concluded.
Market Impact
PancakeSwap has grown to a major DEX in the BSC ecosystem, with more than $1.9 billion in total value locked (TVL). The PancakeSwap DEX offers much-needed liquidity for new token projects launched before listings on major crypto exchanges.
The launch of PancakeSwapX and PancakeSwap MEV Guard will play a crucial role in ensuring the DEX competes with other similar DeFi protocols led by Uniswap (UNI).
Following the launch of the new products, CAKE price rallied more than 9 percent in the past 24 hours to trade at about $3.10 on Thursday during the early New York session. The mid-cap altcoin, with a fully diluted valuation of about $1.1 billion and a daily average traded volume of around $521 million, has surged over 65 percent in the past week amid the ongoing altcoin awakening.
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