diff --git a/MEV_by_chains/MEV_on_Arbitrum/gmx/oracle_abuse.md b/MEV_by_chains/MEV_on_Arbitrum/gmx/oracle_abuse.md index a3d53a8..8922ebb 100644 --- a/MEV_by_chains/MEV_on_Arbitrum/gmx/oracle_abuse.md +++ b/MEV_by_chains/MEV_on_Arbitrum/gmx/oracle_abuse.md @@ -1,11 +1,19 @@ ## gmx oracle abuse +
### tl; dr +
+### tl; dr october'22 event + +
+ +* gmx differs from amms by offering zero slippage on trades via an oracle price update system, while amms like uniswap rely on arb bots to balance prices in the pools +* gmx team-run bots make calls to `SetPriceWithBit()` to update asset prices. mev operators can observe these prices updates in the mempool before land on chain.
@@ -13,4 +21,6 @@ ### resources +
+ * [chainsight twitter](https://twitter.com/ChainsightLabs/status/1580208615654584321?s=20&t=-FG5kQ_7kAKhLnbuk05wSg)