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Jupiter, aiming at enhancing user protection against Miner Extractable Value (MEV) attacks, has introduced a new feature in its swap function called Jito Bundles Tipping. This unique service was created to protect the users from possible losses caused by such attacks that are more and more common in decentralized finance (DeFi).
Using the ‘Jito tip’ option within <a href="https://coingape.com/jupiter-exchange-founder-breaks-silence-on-jup-token-mechanism/" rel="noopener noreferrer nofollow">Jupiter</a> interface before swapping, users can make sure that their transaction is not revealed to MEV searchers until it has been securely written into the Solana blockchain.
<h2 id="understanding-mev-and-its-effects-on-transactions">Understanding MEV and Its Effects on Transactions</h2>
MEV refers to the profit that miners or validators can gain from being able to arbitrarily include, exclude, or reorder the transactions within the block they are producing.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Tipping via Jito Bundles is live on <a href="https://t.co/l8sDyCTp3y" rel="noopener noreferrer nofollow">https://t.co/l8sDyCTp3y</a>
 As per the quoted tweet, Jupiter strives to be the best in protecting users from MEV.
 Today we are rolling out one more – Tipping via Jito Bundles.
 By using Jito Bundles, you will hide your transaction from searchers… <a href="https://t.co/KsAeuPl3uJ" rel="noopener noreferrer nofollow">https://t.co/KsAeuPl3uJ</a> <a href="https://t.co/Zv9B756VS3" rel="noopener noreferrer nofollow">pic.twitter.com/Zv9B756VS3</a>
 — Jupiter <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa90.png" alt="🪐" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@JupiterExchange) <a href="https://twitter.com/JupiterExchange/status/1784234743711859049?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 27, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
These adverse scenarios for ordinary users include larger slippage in trading or the outright financial losses due to sandwiching attacks, when the users’ transactions are abused by the parties that are aware of their existence. The transparency of blockchain technology, although one of its core virtues, enables such operations to be carried out, and thus requiring solutions such as Jito Bundles to protect users.
<h2 id="how-jito-bundles-tipping-works">How Jito Bundles Tipping Works</h2>
Jito Bundles Tipping feature operates by sending user transactions directly to a Jito Validator instead of passing through public Remote Procedure Calls (RPCs). This approach enables the transaction to be processed faster and eliminates the premature exposure of transactional data to the threat of malicious activities.
The Jito Bundles Tipping feature is implemented by routing user transactions directly to a Jito Validator instead of going through public Remote Procedure Calls (RPCs). This method not only allows the transaction to be done quickly but also stops the early exposure of transaction data to attackers.
With a tipping mechanism in place, users reward validators for directly posting their transactions on the blockchain, cutting out opportunities for <a href="https://coingape.com/solana-bullish-as-jito-labs-ends-mempool-use-averting-sandwich-attacks/" rel="noopener noreferrer nofollow">MEV attacks</a> to be coordinated.
<h2 id="additional-protective-measures-by-jupiter">Additional Protective Measures by Jupiter</h2>
Apart from Jito Bundles Tipping, Jupiter has introduced multiple other measures to protect users from MEV attacks. One such measure is their conservative auto-slippage feature, which is currently in beta. This functionality measures the optimal slippage rate for the trade based on its specifics, which helps users avoid setting too high slippage values and thus avoid unnecessary risk in volatile market conditions.
<a href="https://coingape.com/solana-dex-jupiter-unveils-more-jup-token-airdrops-jup-price-jumps-25/" rel="noopener noreferrer nofollow">Jupiter</a> also employs only a few reputable RPCs to reduce the risk of further transaction data leakage. Intending to be a validator that will bootstrap it, Jupiter plans to improve its infrastructure thereby making transactions faster and reducing the time that transactions may be MEV strategies are vulnerable.
Additionally, the Jupiter user interface performs continuous sanity checks to prevailing market prices and provides advice on reasonable slippage settings, thus, securing the execution of transactions.
Read Also: <a href="https://coingape.com/us-doj-fights-back-against-tornado-cash-founders-mtd-request/?utm_source=cgtelegram" rel="noopener noreferrer nofollow">US DOJ Fights Back Against Tornado Cash Founder’s MTD Request</a>
The post <a href="https://coingape.com/jupiter-rolls-out-jito-bundles-tipping-to-combat-mev-attacks/" rel="noopener noreferrer nofollow">Jupiter Rolls Out Jito Bundles Tipping to Combat MEV Attacks</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Jupiter Rolls Out Jito Bundles Tipping to Combat MEV Attacks

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