What Is Skip Protocol?
Skip Protocol is a blockchain infrastructure protocol that develops software to empower sovereign blockchains, validators, protocols, and users to capture Maximum Extractable Value (MEV) and determine how the profits are distributed. It offers a suite of tools that enhance user experience, interoperability, and value capture.
Background
Barry Plunkett and Maghnus Mareneck founded Skip Protocol in 2022.
How It Works
Skip Protocol operates through a sealed-bid, closed auction system in which traders submit tipped transactions to validators who prioritize them. It features an API for end-to-end interoperability, allowing developers to create cross-chain experiences for end users and a Block SDK for customizing blocks to specific use cases.
One distinct feature is Skip’s Slinky, which runs on the chain validator set, improving application UX and providing full operational support. On-chain aggregation is done using ABCI++, which breaks down Oracle aggregation into secure and efficient steps. The Block SDK allows customization of block rules and transaction flow management systems, catering to various use cases.
Key Takeaways
- Skip Protocol is a blockchain infrastructure protocol that allows for the capture and distribution of Maximum Extractable Value (MEV).
- It was founded by Barry Plunkett and Maghnus Mareneck in 2022.
- Skip Protocol operates through a sealed-bid, closed auction system and features an API for end-to-end interoperability.
- Skip’s Slinky is a unique feature that runs on the chain validator set, enhancing application UX and providing full operational support.
- The Block SDK allows customization of block rules and transaction flow management systems, catering to different use cases.
