Turbocompressor is designed to serve as a protective layer for retail traders on Ethereum, mitigating the impact of Miner Extractable Value (MEV) attacks, and even providing a means for users to receive reimbursement via cashback rewards.
A common scenario where Turbocompressor can be particularly useful is during a sandwich attack. In this type of MEV attack, a malicious trader places a transaction both before and after a targeted user's transaction on the blockchain. This exploitation can manipulate the price of the asset being traded, often to the detriment of the targeted user.
By submitting your transaction through Turbocompressor, your transaction data is auctioned off to the highest bidding MEV searcher. Instead of falling victim to sandwich attacks, your transaction becomes part of a transaction bundle that MEV searchers use to their advantage. As a result, you are able to reclaim some of the value that would have been extracted by receiving cashback rewards.
Back-running attacks occur when a malicious trader observes a user's transaction and places their own transaction immediately afterwards, often leveraging price impacts caused by the user's transaction to make a profit. For example, if a user's transaction has a large price impact, an attacker may create a subsequent transaction that takes advantage of the price discrepancy between pools.
With Turbocompressor, this threat is significantly reduced. When you submit a transaction through Turbocompressor, it hosts an auction for your transaction data. The MEV searchers who bid on your transaction are incentivised to nearly match the profit they expect to make by exploiting the price discrepancy. This means that the cashback rewards you receive should be close to the profit that an MEV searcher could make from a back-running attack, turning a potential loss into a benefit for you.
While sandwich attacks are a common form of MEV attack, there are other types of exploitation that Turbocompressor can potentially mitigate. Any situation where the order of transactions can be manipulated for profit can potentially be addressed using Turbocompressor. By utilising our service, you're not only reducing the chances of being exploited, but also potentially earning from your transactions.
Turbocompressor is a tool built for the everyday Ethereum user, helping to level the playing field in an environment where larger, more sophisticated players have often held the advantage. By putting MEV to work for you, Turbocompressor allows you to navigate the Ethereum network with greater security and peace of mind.