Backrun is an arbitrage behavior with an information gap (insider information)
Frontrun is pure outright robbery
Someone found out about fomo
and, in combination with relay, is doing大量 frontrun
But it feels like fomo wouldn’t do that, right?
Currently, fomo’s standard spot fee rate is 0.5%
fomo perps charges an additional fee of about 0.05%, and there’s also related income from deposits
Based on the revenue level over 30 days, it could make $400 million a year, and it’s still growing rapidly
Most likely, data was leaked in some part of the process, and they obtained the order flow which was secretly used to do frontrun
#FOMO #套利
Frontrun is pure outright robbery
Someone found out about fomo
and, in combination with relay, is doing大量 frontrun
But it feels like fomo wouldn’t do that, right?
Currently, fomo’s standard spot fee rate is 0.5%
fomo perps charges an additional fee of about 0.05%, and there’s also related income from deposits
Based on the revenue level over 30 days, it could make $400 million a year, and it’s still growing rapidly
Most likely, data was leaked in some part of the process, and they obtained the order flow which was secretly used to do frontrun
#FOMO #套利
