Odaily Planet Daily News Pyth Network released Express Relay on EthCC, aiming to provide a decentralized solution to reduce the MEV problem. Express Relay connects DeFi protocols to the Seeker Network through protocol-controlled auctions for valuable transactions such as liquidation. The move is intended to reduce liquidation costs and value extraction by intermediaries. Pyth Network said that Express Relay has been integrated with multiple protocols such as Synthetix, improving liquidation efficiency and capital utilization. Participants such as Wintermute and Flow Traders said the system is designed to promote fairness in the DeFi ecosystem. (The Block)
