Mine Smarter
Cryp2Gem is a community-based research group. We are constantly researching and searching for future blockchain disruptive innovators.
Our community is open for everybody, who are interested in learning and sharing knowledge about blockchain technology, cryptocurrencies and trading. Archer report article is part of our research which is intended for the community. All the feedbacks and critiques are highly appreciated.
The author of this research is not invested in the project and tends to stay unbiased while researching and writing. This research is not intended as a promotion and is not part of any paid promotion. Cryp2Gem strongly believe in unbiased researching, sharing knowledge and transparency.
Archer DAO is all about MEV.
What is an MEV? MEV is a Miner Extractable Value is an algo that prioritises valuable transactions. Extracts profits with reordering the block and censoring. So that is like an arbitrage bot that is manipulating the block and transactions and pushing gas fee price even higher. Unrestricted control to prioritise the block order for the most revenues from fees. Blockchain and smart contracts are supposed to be all about decentralisation. So MEV is a step away from the fair and transparent trading environment.
So where does all this put Archer DAO?
The core team behind Archer goes way back. They have worked together and are connected through the Stars Group and Blocklytics, a blockchain data processing startup. Caleb Sheridan and Marcos del Río Vilariño worked in Stars Group for more than 8 years together where they have several different assignments and positions in all those years working there. Caleb and Chris Piatt co-founded the Blocklytics where they have active positions.
The Stars Group, a Canadian gambling company, is a very interesting one. Stars Group is an owner of industry-leading gaming brands such as PokerStars which is one of the biggest online pokers. They also have a partnership with FOX Sports and launched FOX Bet with them. So the working background of the core team members of Archer DAO is very impressive.
Archer has been running live a pilot for the last months. They are tracking and evaluating trading pairs and trades which gave good results and some great revenue projections of different risk management profits and hash rate scenarios. There is no way to actually check that at this stage of development because the testing is running in a private environment.
Archer wants to use the MEV algo but split the revenues between tx issuers and miners for both to capture the value of prioritising transactions within the block.
This is not the way to deal with mining and the trend I would like to see in the future. I would rather be an advocate who promotes decentralisation and fair trading and tx processing. One the other hand Archer DAO might decentralise the use of MEV with splitting the revenues with transaction issuers and the DAO governance model.
There is currently almost no information available about Archer DAO, no whitepaper or other documents, no web site or twitter. They have an active telegram community chat with about 500 members.
It is a very early stage for ArcherDAO but based on the info provided much will be publically shared in the following weeks. Highly anticipated by all interested in what Archer is building and offering.
Cryp2Gem team is always available for any further discussions in our social media. Looking forward to all the feedback.
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