we have a new writeup for the MEV/auction peeps!

since launch, @clanker has seen sustained sniper activity. we’d like to start to iterate on chain-specific sniper auctions for the benefit of all our users

linked below is our initial design for priority ordered L2s

create autonomous memecoins for free, get rewarded for posting bangers

protocoling soliditying clanking @clanker

In this scenario does the first sniper set the starting price for the token or they all still start at a uniform price?

Building launchpads for ideacoins and memecoins on Base.

Muse.markets and Dojo.ing

Is there a reason to not have it affect starting price? It seems like an auction scenario could be perfect to determine a reasonable starting price, and if a sniper is setting it they'll likely still be lowballing a decent amount so the first non-bot buyers of a token can still get in at a price they see as cheap

in this initial design, no. the sniper's swap will still just be acting on top of the market setup that the token deployer chooses. the idea is that the sniper, because of this mechanism, will have less capital to deploy overall in snipes and won't have the luxury of being able to recoup the sniping bid