✍️Write some valuable content: Is it necessary to enable MEV protection when brushing Binance Alpha?
Today I saw someone got squeezed for over $200,000 by $KOGE, which sparked a discussion on whether to enable MEV protection when brushing Binance Alpha.
Original tx link: https://bscscan.com/tx/0x0b3a9d39369196a668c09d3890311749dc0ecbe0a3094cbfe224ec551ef26547
It is obvious that $200,000 was squeezed from the liquidity exchange of vusdt from Venus, likely due to excessive automatic slippage during the exchange, leading to the squeeze.
So, it’s not what everyone says about being squeezed when brushing Binance Alpha.
🧐So, does brushing Binance Alpha need to enable MEV protection to prevent being squeezed?
First, the conclusion: it’s best to enable it, but if you don’t, definitely set the lowest slippage!
Let’s start analyzing👇
① First, we need to understand the concept of MEV squeezes:
MEV attacks (also known as sandwich attacks) rely on the high slippage tolerance set by users. Attackers insert transactions before and after the user's transaction to profit by pushing prices up or down.
In simple terms, MEV Bots monitor high slippage trades, buying before you when you make a purchase and selling before you when you make a sale.
② Next, we need to understand the concept of slippage:
Slippage tolerance is the range of price movement that users allow.
A slippage of 0.01% means the user only accepts very small price deviations.
③ Finally, it’s important to clarify the attack habits of MEV squeezes:
MEV Bots typically prioritize attacking high slippage (for example, 1% or higher) or large transactions.
In other words, low slippage trades are less attractive to MEV searchers and come with higher costs.
👀Once you understand the above concepts, you’ll know that a low slippage of 0.01% is one way to reduce the risk of MEV attacks, but low slippage may result in a higher transaction failure rate, making it more suitable for high liquidity and small transactions.