I want to combine mining + frontrunning on uniswap, using MEV-type value extractions.
I'm looking for a high end developer to help me with this project.
So just to clarify what I mean with the mining + frontrunning combo. I will post some info from a site:
"A new revenue replacement is quickly becoming available for mining networks, called miner extracted value (MEV). It is completely derived from the logical combination of what you get when you combine Miners and Frontrunners together.
Miners can take advantage of their place as arbiters in how blocks are packaged to “front-run” profitable trades. MEV is currently popular among decentralized finance (DeFi) traders who bid up gas prices to secure their place in the block. Many Ethereum mining pools are currently implementing MEV software to gather this untapped source of revenue.
Frontrunners scan the Mempool in order find transactions attempting to score arbitrage on Ethereum. Then, they pay miners a little bit more for the same transaction to pocket the arbitrage themselves.
When many Front-runners try and claim a transaction, ultimately the miners win. They’re the ones that get to pocket the value of the arbitrage.
This is what we call Miner Extractable Value.
This value comes out of the power that the ordering of Mempool transactions enables. Whoever orders transactions get to direct the value of all arbitrage opportunities in the
Ethereum mempool. Naturally, those with the privilege of transaction sequencing are incentivized to direct this value to themselves.
Also, there’s nothing stopping miners from also being frontrunners. In fact, it’s rational to assume that miners, as the party with the power to order Ethereum transactions,
also start acting as frontrunners. Miners who don’t start frontrunning transactions will ultimately lose profitability against the miners that do front-run them.
I need a high end developer to help me with this project.