04-07, 12:50–13:10 (Europe/Zurich), Verge Stage
For dApps that rely on oracles, any update to a data feed, or the lack thereof, can create opportunities for OEV such as frontrunning, arbitrage and liquidations. There are numerous solutions out there that allow you to combat the negative externalities of MEV through OFAs like e.g. MEVBlocker or Flashbots MEV-Share. In this presentation i'd like to showcase why these generalized OFAs aren't viable for oracles and how specialized OFAs for oracle transactions could be better suited to combat OEV.
Hey, I'm Ugur, been part of API3 for a little over 3 years and am currently leading our strategic efforts. We're building cost efficient, decentralized and verifiable oracles by making the data sources run oracles directly themselves instead of relying on middlemen.