ParaSwap launches intent-based trading protocol to curb MEV attacks

ChainCatcher news, according to Cointelegraph, the decentralized exchange aggregator ParaSwap is launching an intent-based trading protocol aimed at mitigating the issue of MEV attacks, which result in millions of dollars in losses from crypto trading every day. The protocol allows users to define their trading "intent" instead of exposing the raw transaction to the mempool, aiming to address this issue by submitting the expected trade in three steps.

Reportedly, the process begins with preprocessing, where the user's intent (such as price range) is defined, and then this intent is submitted to an auction, where AI agents compete to propose the most effective execution strategies while considering factors such as liquidity and timing. The winning agent executes the trade through the Portikus Swap module, adhering to the user's intent and minimizing the risk of MEV development.