BNB Chain Launches Good Will Alliance to Combat Malicious MEV Practices
BNB Chain recently announced the launch of the Good Will Alliance, a collaborative initiative aimed at addressing malicious maximal extractable value (MEV) practices within the BNB ecosystem. The alliance’s primary focus is to counteract sandwich attacks, a prevalent form of MEV that has led to significant losses for retail traders on Binance Smart Chain (BSC).
The Good Will Alliance seeks to bring together infrastructure builders, validators, and the broader community to establish ethical standards, best practices, and enhanced security measures. In response to the challenges posed by sandwich attacks, the alliance has taken immediate action to mitigate these threats through the implementation of advanced filtering mechanisms.
Infrastructure providers BlockRazor and 48 Club have already deployed specialized sandwich attack filters within their block-building processes, setting a standard for alliance participants to follow. A GitHub repository has been created to list builders who comply with these ethical standards, urging BSC validators to only accept block bids from this vetted group.
According to BNB Chain, the alliance’s strategy involves defining clearer criteria for identifying sandwich attacks, developing sophisticated tools to detect malicious MEV behavior, and fostering greater collaboration within the community to enhance on-chain security. These efforts will be supported by governance processes, BNB Evolution Proposals (BEPs), and regular codebase updates to ensure long-term improvements in network fairness.
The Good Will Alliance has garnered strong community support, as evidenced by a recent DAO proposal that passed with 79% approval. The proposal emphasizes the importance of community-driven measures, including penalties for malicious builders, exclusion of irresponsible validators, and the adoption of safer RPC nodes and MEV-protected wallets.
Looking ahead, the Good Will Alliance plans to expand its scope by welcoming new members and introducing additional community-oriented security projects throughout 2025. By working together towards a more secure and fair BNB ecosystem, the alliance aims to protect users from malicious MEV practices and uphold ethical standards within the network.