ParaSwap launches intent-based trading protocol to curb MEV attacks
Odaily Planet Daily Report: Decentralized exchange aggregator ParaSwap is launching an intent-based trading protocol aimed at mitigating the problem of MEV attacks, which cause millions of dollars in crypto trading losses every day. The protocol allows users to define their "intent" for a trade, rather than exposing the raw transaction to the mempool, in an effort to solve this issue through a three-step submission process. The process starts with preprocessing, where the user's intent (such as a price range) is defined, then this intent is submitted to an auction, where AI agents compete to propose the most efficient execution strategy, considering factors like liquidity and timing. The winning agent executes the trade through the Portikus Swap module, adhering to the user's intent and minimizing the risk of MEV exploitation. (Cointelegraph)
