Concepts
MEV Protection
MEV (Maximal Extractable Value) refers to the profit that can be extracted by reordering, inserting, or censoring transactions — typically by frontrunners who observe pending swaps in the mempool and trade ahead of them.
How HyperDex eliminates MEV
HyperDex eliminates MEV structurally, not through obfuscation:
- →No visible pending price: The taker's intended trade is not visible on-chain until after it is settled. There is no "swap X for Y at price Z" sitting in a mempool.
- →Price locked at quote time: By the time the taker submits the transaction, the price is already cryptographically fixed in the signed quote. A frontrunner cannot change the rate the taker receives.
- →No on-chain price oracle: AMM-based DEXes expose their price through the bonding curve state. HyperDex has no on-chain price — nothing for a sandwich bot to manipulate.
- →Direct maker settlement: Trades go directly between the taker and the maker's own maker_pool. There is no shared AMM pool to drain or rebalance.