Flashbots launched the MEV tool to distribute profits among users

Flashbots has unveiled the beta version of the MEV-Share protocol, which distributes the ‘maximally extractable value’ (MEV) among Ethereum users.

Finally, preventing ?ing *today* is easy. Add Flashbots Protect to your wallet by going to https://t.co/O3YzK9eaet and click “Connect Wallet to Protect.” Then your transactions will be sent directly to the Flashbots builder, skipping the mempool where you can be frontrun

— @bertcmiller ⚡️? (@bertcmiller) April 19, 2023

MEV-Share, part of the Flashbots Protect project, is a remote procedure call tool that can be integrated into a wallet and used to defend against MEV bots. The concept of the technology was first announced in February.

Traditionally, profits from MEV accrue to searchers and builders, who determine the order of transactions and pass it to Ethereum validators.

Users typically lack control over their transactions, and wallets and decentralised apps lack the tools needed to harness MEV for personal interests, developers say.

The Flashbots team says that MEV-Share allows users to configure privacy parameters themselves and manage the shared transaction flow. As a result, users gain the right to the ‘MEV redistribution reward’, while preserving anonymity.

Developers reckon the tool will benefit searchers by providing access to new transactions and builders through a larger flow of orders.

After a technical assessment during beta testing, Flashbots will release MEV-Share to the general public as open source.

In April, more than 30 Ethereum projects joined forces to launch the MEV Blocker tool, designed to protect users from bot attacks.