Why does MEV reform matter for stablecoins? Because every $USV is backed by JitoSOL, and every JitoSOL is exposed to MEV. BAM secures that flow, giving Convergent a fairer, more predictable yield layer to build on.👇
𝘽𝘼𝙈 𝙧𝙚-𝙞𝙢𝙖𝙜𝙞𝙣𝙚𝙨 𝙎𝙤𝙡𝙖𝙣𝙖. To understand how, let's first go through the current state of MEV on Solana: • Modified validator clients are sandwiching trades. • Private mempools hide predatory behavior. • Bad validators are nearly impossible to remove. • Institutional players can't touch DeFi because there's no transaction safety. 𝙏𝙝𝙚 𝙎𝙤𝙡𝙪𝙩𝙞𝙤𝙣: BAM Node Operators - a second set of nodes running TEEs (Trusted Execution Environments) aka secure hardware that processes transactions in cryptographic enclaves. Transaction ordering moves from validators to BAM operators, where it happens inside these protected environments that attackers can't penetrate. Cryptographic Attestations - every transaction bundle comes with a tamper-proof receipt showing exact ordering. When validators try to reorder for profit, the entire network sees it. Value-Adding Plugins - instead of extracting value, developers can now create value. As an example, the Market Cancel Priority plugin lets market makers cancel stale orders faster when markets move. Resulting in tighter spreads, better liquidity, more efficient markets for everyone. 🔗 to "Understanding BAM" article 💥 👇️
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