ParaSwap launches intent-based trading protocol to curb MEV attacks

Decentralized exchange aggregator ParaSwap is launching an intent-based trading protocol that aims to mitigate the problem that causes crypto exchanges to lose millions of dollars every day - MEV attacks. The protocol allows users to define their trading "intentions", and instead of exposing raw transactions to the memory pool, it aims to solve this problem by submitting intended transactions in three steps. The process starts with preprocessing, where the user's intent is defined (such as a price range), and then this intent is submitted to an auction where AI agents compete to propose the most efficient execution strategy, taking into account factors such as liquidity and timing. The winning agent executes the trade through the Portikus Swap module, adhering to the user's intent and minimizing the risk of MEV exploitation. (Cointelegraph)