The never ending battle between traders and miners!
If you’re not up to speed on the issues of MEV and its longstanding attack on Ethereum
traders through frontrunning, sandwich attacks, failed transaction fees, and slippage... then
I don’t know what to tell you besides, you need to be & we are catching you up right
quick!
We’re one of the only channels that has it on our mind!
So you at home, be mindful of this episode...because it’s time for Chico Crypto!
So if you don’t know about MEV you don't watch enough Chico Crypto because here we
keep you up to speed on the latest and greatest… and you’ll already know I’m bullish on
the quality projects that are developing solutions to combat the MEV crisis….
And one such project I brought to your attention in April has reached out to me asking if I
can help them break some major news announcements… so, since they are a pre-approved chico discovered
project… and being impressed by what they have been up to... we decided lets not just
do a sponsored segment … lets do a full sponsored video and I’ll help share with
the world their advancements and updates…
So let’s get into it and fill you in… today’s sponsored video is brought to us
by Eden Network, who you might have known before as Archer DAO… pioneers in the fight
against MEV.
Several projects have certainly popped up for this fight..
But Archer was the first to market with product designed for miners to help them earn more
revenue… and they also created the first MEV protected DEX for traders through Archer
Swap… long before CowSwap and Mistx and any other solution….
In fact Archer Swap was the choice of Vitalik Buterin, the found and creator of Ethereum,
when he made multiple millions of dollars in trades dumping the zillions of dog coins
he was airdropped.
When the founder of Ethereum uses your technology to protect himself… you know you have something
good… he chose the technology of ArcherSwap…
ArcherSwap also introduced the concept of TEV…
Trader Extractable Value on top of Archer Swap, back in May…
But here’s the thing…Archer DAO has grown beyond their original vision… and can bring
more value to the space beyond a few MEV protection products… they have evolved into a full
on ecosystem providing solutions and benefits for all stakeholders on Ethereum…
On July 26, 2021 the Archer DAO community passed a governance proposal that rebranded
and upgraded the protocol calling it the Eden Network.
This change effectively migrated the ARCH token and added new utility for their EDEN
token.
The Eden Network officially launched on August 2 with a full launch in conjunction with the
London upgrade.
Therefore I’d like to officially introduce to you… the Eden Network…
Eden Network takes a user-focused approach to the MEV problem, and includes stronger
incentives for all stakeholders powered by the Eden token…
They developed the Eden RPC, a revolutionary product for traders and users of Ethereum
Dapps, they improved miner revenue, combatting the fees miners will lose through the EIP1559
upgrade, developed Eden Relay for bundled transactions and are introducing a remarkable
new Slot Tenant System for Eden Mined Blocks, providing rentable, priority block space for
institutions, OTC, DEX’s and other DeFi protocols… a huge advancement in finding
an answer to solving MEV…
Typically when a project goes through a name change it’s because they’re running from
a shaky past or have shifted gears so much so they are a completely new project..
That is not the case here…
Just taking a look at the new site, the new name, the new look, the new attitude… you
can tell they got something good going on… this is purely an upgrade in every single
sense of the word…
Eden is launching with the support of several major mining pools along with a strong community
and deep ties with the TaiChi network…
The Eden Netwok creates an open market for participants to reliably access priority blockspace
on ethereum… transactions are mined in blocks..
And your position in a block will determine if your transaction is included or not
Thru the Eden Network Block Structure you can now position yourself with a priority
spot within the block, maintaining full protection and even keep your transaction private…
all without paying high gas fees… the priorities are broken down into four segments… there
are 3 top Slot’s reserved for Slot Tenants in every block… slot tenants are determined
by a perpetual auction where the highest staker wins…
Slot Tenants staked tokens are burned daily forcing them to rebuild their supply to maintain
their position as a slot tenant..
These tenants can use these priority positions for themselves or pass the benefits on to
their users…
Slot tenants will typically be your institutions, DEX, defi protocols, OTC desk…
Next, after the slots, transaction bundles are prioritized within the Eden Network…
Searchers can post transaction bundles to Ethereum using a similar format they are already
accustomed to and the Eden Relay is compatible with the FlashBots ecosystem..
Also in-line on the priority list is a real game changer for the average every day trader..
Eden has figured out a way to allow Eden stakers, who set-up their metamask with a custom configuration,
the ability to protect themselves against MEV and conduct a private transaction ahead
of the public mempool on any transaction on an Ethereum DAPP.
The last transactions in the block are the suckers who get sandwiched and experience
slippage and get front-run and still have to pay fees if their transaction is canceled…
So those first 3 slots are looking super valuable and the first 3 partners to secure a spot
as a slot tenant are some of the biggest names in crypto… the biggest name of them all
is no stranger to the ArcherDAO community and that is Sushi swap…
Sushi has launched taking the number two Slot Partner and the best part of this is that
priority and protection is automatic for any sushiswap user while Sushi rents the slot…
They’ve also partnered with Alpha Finance Labs, and their product Alpha Homora, which
will use the Eden Network to tighten the solvency and security of the protocol... and their
1st slot tenant launch partner is BAND protocol which is helping make their oracles best-in-class,
safeguarded against network congestion, gas spike events, and front-running incidents.
These are big names..
Making big investments into the Eden Network...staking massive amounts to be burned just to have
a slot of priority…
So how do you as a trader, actually take advantage of all this tech…
Well there are 2 main ways for a retail trader to take advantage of the Eden Network and
protect themselves from MEV…
The first way is simple… just use a DEX or protocol that holds a position as a slot
tenant… currently Sushi swap is the top slot tenant and is fully integrated… trading
on Sushi will give you MEV production and put your trades at the very top of every block
when an Eden Network mines a block… just go to the sushi trading app online,connect
your wallet, and start trading… all trades will be private and protected automatically
and you’ll just pay a miner fee instead of gas….
The second option is to integrate with Eden RPC directly by staking a minimum of 100 Eden
tokens and setting up a metamask with the Eden RPC.
Once integrated directly with your wallet..
Any transaction submitted on the Eth blockchain on any dapp will be processed thru the Eden
private network, given priority above the public mempool, with no slippage, and full
MEV protection.
With the transition to Eden Network from Archer DAO this introduced a token upgrade as well,
if you still hold any ARCH you’ll want to swap it 1:1 for some EDEN tokens the utility
token that powers the Eden network… and the value for this token is really driven
by Slot Tenants which should earn Eden hundreds of millions of dollars a year..
Slot tenants must purchase, stake, and burn their Eden tokens..
This helps counteract inflation and fills the Fountain of Eden token supply…
Traders lock up their Eden through staking to access the Eden RPC on MetaMask to protect
and prioritize their transactions… block producers are rewarded in Eden for mining
Eden network blocks and the Liquidity providers get Eden rewards in return for providing liquidity…
Oh the days of DeFi summer 2020 and the yield farm returns that came with it..
Just for being a liquidity provider… well, those crazy apy’s have simmered since then…
but every now and then an amazing LP opportunity pops up and says hello… and Eden is waving
their hands high in the sky right this very moment…
Liquidity mining just launched August 2nd and Eden is distributing an additional 5.7
Million Eden token as LP rewards in the first month..
Which is about a 400% rewards multiplier and a very generous APY… the time to LP is when
the rewards are fresh and generous so here’s a quick review of what you need to do… go
to sushi swap and buy some Eden… next go the sushiswap LP pool and add equal value
in Eden to Eth and generate some LP tokens then come over to the eden online app, connect
your wallet and find the LP rewards tab
The time to LP is now.
The time to get in early is now.
Eden Network, formerly Archer DAO are legit pioneers in the battle against MEV.
They've built a strong reputation and with the rebranding and sexier image along with
all the benefits their products bring to miners and traders… well shoot, me might have a
little magic on our hands.
Make sure to follow the links below.
All the old Archer websites and links are migrating to Eden urls and names… from CoinGecko
to their main homepage.
Log onto their new website and twitter and find them on discord… go reach out and connect
and make sure to get your questions answered so you can begin protecting yourself again
MEV and start prioritizing and privatizing your transactions.
Cheers I’ll see you next time!