Arbitrum Proposes New Transaction Ordering Strategy Timeboost

AI Overview

According to Odaily, Arbitrum has initiated a vote to implement a new transaction ordering strategy called Timeboost for Arbitrum One and Nova. The goal of this strategy is to provide traders with a fast track to gain transaction priority through an auction system, thereby gaining arbitrage and front-running opportunities. Timeboost is intended to mitigate the negative effects of MEV (Miner Extractable Value) seeker competition while returning the benefits of the transaction ordering market to ArbitrumDAO. Traders can choose to stake ETH or ARB tokens.

The proposal outlines two primary methods for handling collected revenue: transferring ETH revenue to the DAO treasury or burning ARB revenue. If the proposal is approved, a public testnet will be held. Currently, 57.7% of voters support transferring collected ETH to the DAO treasury.