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Ethereum projects launch MEV Blocker to protect users from high prices: Finance Redefined

  • 📰 Cointelegraph
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This week’s DeFi newsletter looks at Arbitrum’s new governance proposal, the growing number of rug pulls on BNB Chain, a new campaign to help traders avoid additional MEV-induced fees and more.

BNB Chain was the king of rug pulls in the first quarter of 2023, with over 73.3% of such scams in the entire crypto ecosystem happening on the network, according to an April 4 report from blockchain security firm Immunefi.

A new report from the U.S. Department of the Treasury analyzing decentralized finance concluded that actors from the Democratic People’s Republic of Korea and other scammers could exploit vulnerabilities to facilitate money laundering.

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A total of 27 Ethereum projects joined hands to minimize the cost incurred by users in the form of maximal extractable value (MEV). The launch partners include Balancer, Gnosis DAO, Shapeshift and StakeDAO, to name a few...

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