This allows OMNIA to not only guarantee front-running, or sandwich, attack protection but also opens the door for innovative business use cases leveraging good MEV (maximal extractable value), transaction bundles, and intent-based dApps to reduce transaction fees and potentially earn cash back on every DeFi trade a user executes. Furthermore, OMNIA plans to decentralize the node measurement process on top of EigenLayer by building a special-purpose Actively Validated Service (AVS) to facilitate transparent governance over node performance and integrity checks—all while tapping into billions of dollars as part of EigenLayer’s TVL. The OMNIA Protocol boasts several other key products geared toward fostering a more robust, secure, and decentralized blockchain environment, including: Robust RPC infrastructure: Provides the foundation for blockchain interactions with added features for security, compliance, and more. Decentralized Node Incentivization: Encourages community members to run nodes to strengthen the network and ensure its decentralized nature.
DePIN and MEV The OMNIA Protocol launch is catalyzed by a strategic partnership with ChainGPT Pad, a launchpad, accelerator, and incubator providing mentorship, community access, and token launch infrastructure to promising Web3 startupsDover, USA, May 07, 2024 (GLOBE NEWSWIRE) -- ChainGPT, the AI-powered Web3 infrastructure providing a diverse suite of tools and services, will exclusively launch the IDO of its latest launchpad project: OMNIA Protocol, a specialized RPC (remote procedure call) provider solving a wide range of challenges in DeFi relating to decentralization, security, compliance, and user experience.
The program extensively assists in product development, smart contract implementation, and user engagement. Through expert mentorship and access to an extensive network of influential partners and investors, the ChainGPT Pad’s incubation provides Web3 startups with the tools to navigate and thrive. OMNIA Protocol lays the foundation for state-of-the-art solutions to build on top of its infrastructure by leveraging the Proposer-Builder Separation (PBS) to facilitate the private order flow of transactions.
The story " ChainGPT Pad introduces OMNIA Protocol to boost and safeguard Web3 for DeFi users, leveraging DePIN and MEV technology." has 800 words across 24 sentences, which will take approximately 4 - 7 minutes for the average person to read.
Which news outlet covered this story?
The story " ChainGPT Pad introduces OMNIA Protocol to boost and safeguard Web3 for DeFi users, leveraging DePIN and MEV technology." was covered 1 weeks ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 53 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Positive, indicating that people regard this as "good news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.