The Mechanics of MEV
Maximal Extractable Value (MEV) is fundamentally about Transaction Ordering. Blockchains process transactions in blocks. The order of transactions within a block determines the state of the ledger after each step. FRB Agent is a tool for constructing specific sequences of transactions to achieve a desired state transition.
Private Transaction Bundles
A "bundle" is an ordered list of transactions that must be executed together.
- Atomicity: A bundle is "all-or-nothing". If any transaction in the bundle fails, the entire bundle is reverted.
- Privacy: Bundles are submitted to specialized "relays" (like Flashbots), bypassing the public mempool where they could be observed and copied.
FRB Agent acts as a Bundle Constructor. It listens to the public mempool for opportunities and constructs a bundle that, if executed, would capture value from market inefficiencies.
Local Simulation Engine
Before any transaction is signed or submitted, FRB Agent performs a Local Simulation.
- State Fork: The agent creates a lightweight fork of the current blockchain state locally.
- Execution Trace: It attempts to execute the proposed bundle against this local state.
- Outcome Verification: It checks if the bundle succeeds and if the resulting state change matches the user's strategy parameters (e.g., minimum profit, maximum gas cost).
Only if the simulation confirms success does the agent request a signature and broadcast the bundle.
Atomic Execution
The use of private bundles ensures Atomic Execution.
- Public Mempool Risks: Sending a transaction to the public mempool is probabilistic. You might be included, or you might fail and lose gas fees.
- Bundle Guarantee: Bundles submitted via FRB Agent (to supported relays) act as a single unit. They cannot be split up, and they generally do not cost gas if they fail to land on-chain (depending on the specific relay's rules).
This infrastructure allows for sophisticated, risk-managed interaction with the blockchain's transaction ordering mechanism.