Slipstream Captures MEV Value for Liquidity Providers

Aerodrome's Slipstream upgrade has launched a protocol-native MEV auction directly into its concentrated liquidity AMM, capturing value from trades and routing it back to liquidity providers.

The innovation, called an internal MEV auction, is the first of its kind embedded in an AMM. This flips the traditional dynamic where bots front-run or sandwich user trades to profit from predictable price movements.

Instead, proceeds from this internal auction flow to two groups: liquidity providers who maintain active positions in specified price ranges, and holders of the sAERO token.