Core Concepts
Introducing the PACCs framework to eliminate MEV in DeFi by shifting it to censorship.
Stats
Miner-/maximal-extractable value losses on Ethereum are upwards of $500M [14], [31].
PACCs can be applied to effectively eliminate MEV in DEXs and auctions.
Gas consumption benchmarks: ptx1 - 34221 gas; ptx2 - 27567 gas; ptx3 - 53415 gas.
Quotes
"Sealed-bid auctions can be run among all wallets W such that bal(w) > fee."
"PACC RFQ protocol has Nash Equilibrium involving MMs committing user orders with E(fH) = 0."
"PACC RFQ protocol has Nash Equilibrium where users trade at external market price."