From da01ce33dcd5e5f80b2f99e5703bc618cc720cd9 Mon Sep 17 00:00:00 2001 From: bt3gl <1130416+bt3gl@users.noreply.github.com> Date: Mon, 6 Jun 2022 18:25:15 -0700 Subject: [PATCH] Update frontrunners-notes.md --- MEV/frontrunners-notes.md | 9 ++++++++- 1 file changed, 8 insertions(+), 1 deletion(-) diff --git a/MEV/frontrunners-notes.md b/MEV/frontrunners-notes.md index d3f393e..4cc912c 100644 --- a/MEV/frontrunners-notes.md +++ b/MEV/frontrunners-notes.md @@ -1,4 +1,11 @@ -## Notes on frontrunners +## Front-running + +
+ + +**Front-running is the process by which an adversary observes transactions on the network layer and then acts upon this information by, for instance, issuing a competing transaction, with the hope that this transaction is mined before a victim transaction e.g. Transaction A is broadcasted with a higher gas price than an already pending transaction B so that A gets mined before B.** + +
* rather than programming complx algorithms to detect profitable MEV opportunities, some searchers run generalized frontrunners. These are bots that watch the mempool to detect profitable transactions. * frontrunners will copy the potentially profitable transaction's code and replace addresses with theirs. Then, they submit the modified transaction with the replaced address and a higher gas price, frontrunning the original transaction and getting the searcher's MEV.