ParaSwap, the leading decentralized exchange aggregation platform, is leading a wave of innovation by launching its intent-based trading protocol to address the major challenge that plagues the crypto space every day - the Maximum Extractable Value (MEV) attack. Founder Mounir Benchemled pointed out profoundly: "MEV has accumulated billions of dollars in losses for users, which not only weakens the user experience, but also weakens the overall efficiency and credibility of decentralized finance (DeFi) protocols." In order to reverse this situation, the ParaSwap team has been working on research and development since the beginning of 2024, aiming to provide the market with a solid MEV protection shield by building a new model based on user transaction intentions. Benchemled explained: "The core of this protocol is to enable users to clearly define the 'purpose' or 'intention' of their transactions, rather than directly exposing the original transactions to the public memory pool, thereby effectively avoiding the invasion of MEV." ParaSwap's Delta protocol innovatively adopts a three-stage process to ensure that transactions are both in line with the user's original intention and free from MEV. First, enter the pre-processing stage, where users clearly set their trading intentions, such as the desired price range and other key parameters. This carefully designed intention is then submitted to an auction mechanism, where intelligent AI agents compete to propose the best execution strategy, taking into account multiple factors such as market liquidity and trading timing to seek the best balance. In the end, the AI agent that stands out accurately executes transactions through the Portikus Swap module, strictly following the intention set by the user, while minimizing the use of MEV space to ensure the security and efficiency of transactions.
Through this series of carefully designed steps, ParaSwap's Delta protocol is not only committed to solving the urgent problem of MEV, but also aims to reshape the fairness of the DeFi ecosystem, enhance accessibility, and consolidate its decentralized core value, contributing to the healthy development of the crypto world.
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