Eigenhub
@eigenhub
1/ Operators and restakers, are you getting the most out of your MEV? As billions exchange hands on Ethereum, hardworking validators and restakers have a massive opportunity for extra yield for blocks they propose through MEV-commit by Primev! Les goooo 🧵
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Eigenhub
@eigenhub
2/ MEV is a big topic and inherent in some form across all chains, but let’s try and keep it simple. MEV, at its best, allows markets to price transactions and reward participants in network operations; at its worst, it allows third parties to see transactions and extract value at users' expense—like sandwich attacks.
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Eigenhub
@eigenhub
3/ The goal of most blockchains is to shepherd MEV to those most aligned with the chain's mission. This is where Primev comes in: MEV-commit is a network for exchanging execution bids and commitments.
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Eigenhub
@eigenhub
4/ A bidder specifies what type of execution service (let’s just call it a transaction) they want, and the provider commits to executing that service for a small fee. The bidder is assured their transaction will be executed as specified, and the provider gets paid.
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Eigenhub
@eigenhub
5/ So, how to ensure these commitments are upheld? Could the provider alter the commitment for their benefit at the bidder’s expense? This is where Eigen Layer validators and restakers come in.
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Eigenhub
@eigenhub
6/ By signing up for relays opted into Primev (currently Aestus and Titan nodes) and Primev slashing conditions, Eigen operators ensure that commitments are enforced precisely.
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Eigenhub
@eigenhub
7/ If you're an operator and haven't signed up for Eigen Layer, it’s worth considering! You can still commit your validator to Primev to ensure these commitments—just make sure to list only the current Primev relays. All relays are expected to join Primev in the coming months.
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Eigenhub
@eigenhub
8/ MEV is an exciting source of revenue for operators and gives validators new income by sharing in bidder payouts. Primev is already on the Holesky testnet, and you can sign up for our validator on Holesky holesky.eigenlayer.xyz/operator/0xc6e3180953de5716b95e6497872632cc71ce34b4. Primev mainnet is imminent!
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