CoMMA Protocol: Towards Complete Mitigation of Maximal Extractable Value (MEV) Attacks (2211.14985v1)

Abstract: MEV attacks have been an omnipresent evil in the blockchain world, an implicit tax that uninformed users pay for using the service. The problem arises from the miners' ability to reorder and insert arbitrary transactions in the blocks they mine. This paper proposes a 2-phased transaction protocol to eliminate MEV attacks. The user requests an interaction token from the on-chain counter-party. This token serves as a blind preemption for the counter-party and prevents the reordering of transactions at lower levels in the blockchain framework. We prove the correctness of the CoMMA protocol and demonstrate its efficacy against MEV attacks.