Pyth Network launches Express Relay service aimed at alleviating the MEV problem

ChainCatcher news, Pyth Network has launched Express Relay at EthCC, aiming to provide a decentralized solution to reduce the MEV problem. Express Relay connects DeFi protocols to the seeker network through protocol-controlled auctions for valuable transactions such as liquidations. This move is intended to reduce liquidation costs and the value extraction by intermediaries.

Pyth Network stated that Express Relay has been integrated with several protocols, including Synthetix, improving liquidation efficiency and capital utilization. Participants such as Wintermute and Flow Traders indicated that the system aims to promote fairness in the DeFi ecosystem.