How does Noti protect me from front runs?
There are various sneaky tactics on decentralized exchanges called front-run attacks. Here's how it works: Malicious actors monitor the blockchain’s node (mem pool) for queued and pending transactions. When for some reason there is a transaction they want to “outrun”, the malicious actor intentionally assigns a higher gas price to their transaction, effectively offering a form of incentive to miners. This higher gas fee is aimed at persuading miners to prioritize their transaction over the original one in a block.
For example, in the sandwich attach scenario, such manipulation of outbidding the original buy trade drives up the price. Once the original trade goes through, the bot quickly sells the tokens, causing the price to drop again.
By manipulating these price swings, the bot profits from the price differences, leaving the trader paying more than they should and with fewer profits or even losses. Noti provides sandwich protection by bypassing the mempool, hence your trades on Noti are visible solely after executed on the blockchain. Snipe would be considered as one of the front-run transactions as well, meaning Noti helps traders escape attacks and stay ahead at the same time.
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