MEV Wiki
  • Introduction
  • Resource List
  • Terms and Concepts
    • DeFi
    • Automated Market Maker
    • Arbitrage
    • Lending Platforms
    • Slippage
    • Liquidations
    • Priority Gas Auctions
    • Transaction Ordering
  • Attack Examples
    • Front-running
    • Sandwich attack
    • Back-running
    • Liquidations
    • Time bandit attack
    • Uncle bandit attack
  • Attempts to trick the bots
    • Salmonella
    • Kattana
    • Other attempts
  • Solutions
    • Front-running as a Service (FaaS) or MEV Auctions (MEVA)
      • Private Transactions
      • BackRunMe by bloXroute
      • Flashbots
      • mistX by alchemist
      • KeeperDAO
      • EDEN Network (ArcherSwap)
      • Optimism
      • MiningDAO
      • BackBone Cabal
    • MEV Minimization
      • Conveyor (Automata Network)
      • SecretSwap (Secret Network)
      • Fair sequencing service (Chainlink)
      • Arbitrum (Offchain Labs)
      • Vega protocol
      • CowSwap
      • Veedo (StarkWare)
      • LibSubmarine
      • Sikka
      • Shutter Network
    • Other solutions
      • B.Protocol
  • Miscellaneous
  • Contributions
Powered by GitBook
On this page

Was this helpful?

  1. Solutions
  2. MEV Minimization

Fair sequencing service (Chainlink)

PreviousSecretSwap (Secret Network)NextArbitrum (Offchain Labs)

Last updated 3 years ago

Was this helpful?

The Fair Sequencing Service by ChainLink

The idea behind FSS is to have an oracle network order the transactions sent to a particular contract SC, including both user transactions and oracle reports. Oracle nodes ingest transactions and then reach consensus on their ordering, rather than allowing a single leader to dictate it.

FSS is a framework for implementing ordering policies, of which (protocol for order-fairness in addition to consistency and liveness) is one example. It can alternatively support simpler approaches, such as straightforward encryption of transactions, which can then be decrypted in a threshold manner by oracle nodes after ordering. It will also support various policies for inserting oracle reports into a stream of transactions. (It can even support MEV auctions, if desired.)

Links:

  • Blog post:

  • Whitepaper (to be released later)

Aequitas
https://blog.chain.link/chainlink-fair-sequencing-services-enabling-a-provably-fair-defi-ecosystem/