diff --git a/README.md b/README.md index e72d836..6eebc22 100644 --- a/README.md +++ b/README.md @@ -60,7 +60,6 @@
* **Mempool**: the set of pending, unconfirmed transactions in the EVM... when someone sends a transaction in the blockchain, there is a delay between the time when the transaction is broadcasted to the network and when it is actually mined into a block. During this period, transactions sit in a pending transaction pool, the mempool, where contents are visible to everyone. -* **MEV**: Maximal (or miner) Extractable Value * **Frontrunning**: also known as Priority Gas Auctions (PGAs), when a miner steals a profitable opportunity (such as arbitrage) for themselves by sending the same transaction with a higher gas price. For example, a transaction A is broadcasted with a higher gas price than an already pending transaction B so that A gets mined before B (eg. to snatch a Uniswap price arbitrage trade to rebalance a pool). * **Backrunning**: a transaction A is broadcasted with a slightly lower gas price than already pending transaction B so that A gets mined right after B in the same block. (eg. to execute a DyDx liquidation after a price oracle update that triggers a DyDx loan to go under the required collateralization ratio). * **Sandwiching**: profiting off slippage in liquidity pools by buying and selling before and after large transactions posted in the mempool.