Manifold Finance rolls out an MEV auction protocol, names Frax founder and 0xMaki as advisors

Manifold Finance has launched a new maximal extractable value protocol. It introduces a new auction system that allows multiple winners for each auction slot, in contrast to the predominant “one winner per slot” model in the Ethereum ecosystem.

This new MEV protocol, Manifold Finance claims, can redefine how value is captured and distributed within the Ethereum network, with the focus on providing the most optimal MEV revenue for validators. It aims to compete with the prevalent MEV protocol offered by Flashbots. Manifold Finance confirmed that since August, the MEV Protocol’s mevETH has seen more than 28,000 ETH staked and has started receiving rewards. It also unveiled a streamlined process for users to deposit ETH and mint mevETH directly through its platform.

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