Mevolaxy broadens its offerings: Staking options now include SHIB, XLM, and XRP
Mevolaxy, a platform renowned for its high-yield MEV staking pools, has broadened its investment opportunities by adding Shiba Inu (SHIB), Stellar Lumens (XLM), and Ripple (XRP) to its supported assets. This expansion makes the platform more flexible and accessible to a wider range of investors.
MEV staking, a unique approach that harnesses Maximal Extractable Value (MEV), allows users to earn rewards by locking up their cryptocurrency assets in a smart contract. Unlike traditional staking, MEV staking focuses on strategically ordering transactions to maximize profits.
Mevolaxy utilizes MEV staking through the deployment of "sandwich bots"—automated trading bots that strategically place buy and sell orders to profit from the ordering of other users' transactions on the blockchain. These bots exploit opportunities called "sandwich attacks," where they insert transactions before and after a victim’s trade to profit from resulting price changes. This strategy enables Mevolaxy to generate returns regardless of market volatility.
The bots employed by Mevolaxy monitor the blockchain mempool (pending transactions) to identify profitable opportunities by optimizing the order and timing of transactions to extract maximum value. By employing sandwich attack strategies, these bots profit from arbitrage and other MEV opportunities across supported assets such as SHIB, XLM, and XRP.
The addition of these assets is a key step in Mevolaxy's scaling strategy, lowering the entry barrier and simplifying platform engagement for a wider audience. The Mevolaxy team is also working on integrations with popular DeFi wallets and developing a mobile app to further enhance user experience.
It is strongly recommended to practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. The information provided is not a solicitation for investment or intended as investment, financial, or trading advice.
References: - MEV is the value miners or validators extract by secure transaction ordering or censorship[1]. - Mevolaxy applies sandwich bots that profit from transaction ordering for MEV staking, generating profits even in low volatility[2][4]. - Bots leverage mempool monitoring and arbitrage opportunities to increase staking returns beyond typical rewards[5]. - The addition of these assets is a key step in Mevolaxy's scaling strategy. - The Mevolaxy team is developing a mobile app. - Plans are underway for Mevolaxy to add support for more niche crypto assets. - All new assets are integrated into Mevolaxy's existing MEV bot infrastructure.
[1] Buterin, V. (2017). Ethereum Improvement Proposal 1559: EIP-1559: Gas fee market co-optimization. Retrieved from https://eips.ethereum.org/EIPS/eip-1559
[2] Mevolaxy. (n.d.). Retrieved from https://mevolaxy.com/
[3] MEV Boost. (2021). Retrieved from https://mevboost.xyz/
[4] MEV-Investors. (2021). Retrieved from https://mev-investors.com/
[5] MEV Hub. (2021). Retrieved from https://mevhub.io/
Mevolaxy's decision to support additional assets, such as Shiba Inu (SHIB), Stellar Lumens (XLM), and Ripple (XRP), not only expands investment opportunities but also enhances the platform's adaptability to cater to a broader consumer base. With the assistance of AI and AR-powered technology, Mevolaxy's blockchain-based MEV staking mechanism employs sandwich bots for strategic transaction ordering, aiming to maximize returns even in low market volatility by capitalizing on MEV opportunities, like arbitrage, through the analysis of data in the blockchain mempool.
