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[FEAT]: YCabal MEV Strategy for Free Trading/Scaling L1 #241

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sambacha
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@sambacha sambacha commented Jul 21, 2021

REPLACED BY #254

YCabal

Overview

Whenever you will submit a trade on Sushi.com if your trade is eligible for getting its transaction cost refunded you will get a notification saying so. If your trade is not eligible it will be immediately submitted through a private RPC layer: you still get the benefit of a protected trade submission you just won’t get a transaction rebate. If your trade is eligible for transaction cost rebate, you will receive your rebate within 35 blocks.

Version 2 will have a reputation system in which transaction cost is paid upfront for accounts with good account standing, otherwise the rebate system will apply.

RPC analytics/KPI's will be provided, if you have any certain requirements let us know.

parameters of endpoint:

failover: in the event of trade engine failure, transactions are sent directly to mining pools.
timeout: transaction timeout for inclusion is 60 seconds, if unable to find a solution (re: arb opportunity), it is directly sent to the mempool
payouts: for now will occur in 35 blocks

https://api.staging.sushirelay.com/v1

Testing and Validation

Before this is merged into the production branch, the RPC endpoint will be moved to reflect its production status, as currently the endpoint follows this naming convention:
[*.]staging.sushirelay.com.

Additionally a public dashboard for seeing current RPC traffic will be made available, here is a basic version https://manifoldx.grafana.net/dashboard/snapshot/t0YeiytXpQY92Ms0DjZx03xL4EgkCNaY

Trading markets

see our token list here: https://github.com/manifoldfinance/token-list/blob/main/manifold.tokenlist.json

Trades submitted that are not on the eligible trading markets will be directly sent to the mempool.

Timeline

We think a 2 week shakeout with this deployed under a subdomain (e.g. beta.sushi.com or something similar), to observe user errors/etc is appropriate

@vercel
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vercel bot commented Jul 21, 2021

@aldoborrero is attempting to deploy a commit to the Team Sushi Team on Vercel.

A member of the Team first needs to authorize it.

@sambacha
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we can close this PR in favor of #254

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4 participants