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What is MEV Protection? Don't turn it off while flipping Binance Alpha!
Have you noticed that the Binance wallet transaction interface has a default option called 'MEV Protection'?
Many users who are new to DEX (decentralized exchanges) may not understand what this protection is for, and there are even some 'malicious individuals' inciting everyone to turn it off. Today, I will explain in the simplest way why MEV protection should not be disabled.
MEV Protection Switch
🥪 First, the conclusion:
If you turn off MEV Protection, you might be getting 'clamped' every time you trade.
This 'clamp' refers to a type of MEV attack called 'Sandwich Attack'.
Many users who are new to DEX (decentralized exchanges) may not understand what this protection is for, and there are even some 'malicious individuals' inciting everyone to turn it off. Today, I will explain in the simplest way why MEV protection should not be disabled.
MEV Protection Switch
🥪 First, the conclusion:
If you turn off MEV Protection, you might be getting 'clamped' every time you trade.
This 'clamp' refers to a type of MEV attack called 'Sandwich Attack'.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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