Crypto Live News
Flashbots, an Ethereum-centric research and development startup, has raised $60 million in a Series B funding round led by crypto-focused investment firm Paradigm. The funds will be used to further develop the startup’s maximum extractable value network, SUAVE, which aims to remove the negative impacts of MEV. SUAVE is an independent network that can act as a mem pool and decentralized block builder, creating cheaper and more private transactions for users. Flashbots also builds MEV-boost, a piece of MEV-optimizing middleware used by most of the validators that operate Ethereum.
Source: https://coinpedia.org/crypto-live-news/flashbots-raises-60m-in-series-b-round-led-by-paradigm-for-mev-network-development/