We are excited to announce that Eden Network recently closed a $17.4m round of strategic investment. The seed round was led by Multicoin Capital, with support from Jump Capital, Alameda Research, Wintermute, GSR, Defiance Capital, and Andre Cronje.
This funding will support Eden Network as its core team grows, maintaining its position as the leader in the alternative Ethereum block ordering protocol space. …
Heard the news? EIP-1559 support is now rolling out to all MetaMask users on mobile and desktop. This is good news, but what does it mean for traders? 1559 introduced impactful changes to the way traders calculate gas and pay for transactions. Now, we have base fees and miner tips.
If you’ve used MetaMask or other third party wallets for some time, you’re probably familiar with the fact that these wallets have a track record of pushing pretty high default transaction fees on users (in their words, “the lowest fee that will get the transaction confirmed on the next block.”)
Three ways to potentially leverage Eden’s priority Network are:
In order to leverage these use cases, you must configure your account in one of two ways:
These two configurations have different applications, and should be used…
Starting today, liquidity providers can stake EDEN-ETH Sushi LP tokens in the Eden Network web app and receive EDEN token rewards. Staked users will begin accruing token rewards and voting power on Monday, August 2 at 9:00pm EST.
A total of 5.7 million EDEN will be distributed to liquidity providers during the first month, which is approximately 400% greater than in following months, and will help bootstrap liquidity for the EDEN token. The monthly token issuance for liquidity providers follows the release schedule below.
On Ethereum block number 12,965,000 on August 5, Eden Network will go fully operational. The Eden Network’s mission is to protect users against malicious MEV and make Ethereum safer for regular users. Eden Network also improves the earnings of Ethereum block producers and increases the security of the network. The network will launch with support from several major Ethereum mining pools and a strong community that includes some of the biggest projects in crypto.
By improving the security and execution of transactions for traders, providing reliable access to block priority for DeFi applications, and giving a supplementary revenue stream to…
Starting now, ARCH holders can migrate their tokens to EDEN tokens using app.archerdao.io.
This token migration is the first in a series of events that will transition the project away from Archer DAO and into the Eden Network. The Eden Network introduces utility to the EDEN token, with details to be announced.
Q: What is the new token?
Q: As an ARCH token holder, what does this migration mean for me?
ARCH tokens will remain outstanding unless you affirmatively participate in the migration, but they will lose all functionality and the Archer…
Following Omakase’s teaser tweet last week, Sushi’s integration with Archer’s MEV Shield went live after weeks of beta testing in their Canary branch.
Sushi users will now have access to everything Archer’s MEV Shield offers — frontrun mitigation, sandwich attack protection, zero-slippage trades, and fee-free trade cancelation — directly within Sushi’s UI.
Wanna start protecting your trades like a pro? Follow these four simple steps and you’ll be bot-busting and slippage-saving in no time.
Step 1 — connect wallet
Connect your MetaMask (or other web3 wallet) to Sushi, just as you normally would would when making a trade.
The last DAO vote on June 8 passed with flying colors (100% in favor), signifying the Archer community’s unanimous support for the 6-week long $ARCH buyback and rewards program for Archer Swap users.
If you’re as excited about this as we are, you’ll probably be curious as to what the rules of the program are, what downstream effects on token price this may have, and how to ensure you qualify for the $ARCH distribution list.
We’ll address all these points and more down below.
Archer DAO is the first project to bring the concept of Trader Extractable Value to market. And so, the team has coined the concept ‘Archer TEV.’
A 6-week Archer Swap rewards campaign — powered by Archer TEV — was voted in by the community yesterday.
We’ll dive in to how it all works in a moment.
But first, let’s quickly recap what Archer Swap already achieves (before Archer TEV):
These benefits can be classified as ‘MEV protection.’ …
What are some creative ways to use Archer Swap right now? Let’s break down three scenarios where you can save time and/or money by using the Archer Swap private network.
1. When your trade is greater than $10,000 in value
In this case you will most likely save money on a trade by using Archer Swap rather than Sushiswap or Uniswap. This is because of bots on the Ethereum network that will extract value from your ‘slippage tolerance’ when using Sushi or Uniswap. These platforms broadcast transactions to a publicly-visible holding pool before execution, and bots will see these upcoming…