FAIR is an upcoming blockchain with a typical tailor-made to AI exercise. The chain, an evolution of Skale’s gas-free seamless community, will provide safety from Most Extractable Worth (MEV) transactions.
AI brokers are rising their presence, with some displaying analytical skills and the potential to commerce or decide DeFi operations. Most are nonetheless utilizing the prevailing infrastructure of public chains, particularly Ethereum, Solana, and BNB Sensible Chain.
On-chain information exhibits Ethereum nonetheless has greater than 32% sandwich trades, with common makes an attempt at sandwich assaults.
All three are threatened by front-running and MEV losses. Even with measures towards sandwich assaults, most DEX levy a small tax primarily based on MEV ordering, requiring the cost of premium charges or bribes.
FAIR goals to remove MEV danger
FAIR goals to launch as the primary blockchain suitable with AI brokers, defending them from front-running and malicious actors. Most blockchains are threatened by some type of Most Extractable Worth (MEV) transaction ordering, usually resulting in an incapacity to make use of the chain or direct losses.
FAIR goals to finish the issue of the hidden MEV activity. The chain will apply safety on the protocol stage, working BITE (Blockchain Built-in Threshold Encryption). FAIR will launch as a brand new Layer 1 chain, purpose-built for a brand new era of DeFi and Web3 AI brokers. Transactions is not going to be front-run, censored, or used to trigger private loss. The purpose of FAIR is to supply a brand new wave of customers with the assistance of AI.
Not like the Ethereum Digital Machine, FAIR provides a brand new execution setting appropriate for high-frequency buying and selling, establishments, and AI brokers. The chain provides asynchronous processing and quick database entry. The chain is totally constructed from scratch in C++ for close to real-time execution.
The chain permits for the creation of a brand new DeFi ecosystem, the place no consumer could be front-ran, and even AI brokers can execute their methods with out monitoring. The chain goals to supply instruments for capital elevating, prediction markets, voting, and different apps.
FAIR extends the Skale ecosystem
FAIR is the following part of the Skale chain ecosystem. Current SKL tokens can be burned to run FAIR validator nodes, whereas a brand new native FAIR token can be used on the L1. To align the consumer bases of the 2 networks, a portion of FAIR can be airdropped to SKL holders, pending a governance vote. The airdrop will comply with the launch of the FAIR mainnet and the finalization of tokenomics.
Following the information, SKL tokens bounced from their current lows, rising to $0.02. SKL is a Binance-listed asset with one other extremely liquid market on HTX. Skale is without doubt one of the well-funded tasks, elevating $49.5M from a mixture of VC funding and public token gross sales. The undertaking was backed by ConsenSys, Blockchain Ventures, Galaxy Digital, Multicoin Capital, and others.
Skale at the moment locks round $300M in complete worth, internet hosting its personal model of SushiSwap. With FAIR, Skale goals to develop its app ecosystem and faucet the current DeFi development.
