Discover more from Stay up to date on DeFi & Velvet
Velvet Capital x Bloxroute Integration: Supercharge your DeFi Experience
Avoid MEV Frontrunning and Sandwich Attacks through Velvet Capital's custom Protect RPC - giving you the greatest Portfolio Management Experience on our V2
Velvet Capital is proud to announce an innovative integration with bloXroute, a blockchain distribution network (BDN) that enhances the scalability and speed of blockchain networks. This strategic partnership is set to revolutionize our DeFi asset management protocol, delivering enhanced speed, security & scalability!
Rebalance portfolio positions with smart on-chain trade execution & utilize our private bloXroute Protect RPCs to get the most out of your orders while also protecting from MEV attacks!
What is MEV Frontrunning & Sandwich Attacks
Maximum Extractable Value (MEV) is the value that can be extracted from a block by including, excluding, and reordering transactions into it.
Sandwich attacks are when users that trade on Decentralized Exchanges (DEXs) and MEV bots see a user’s transaction in the public mempool (waiting area for transactions) and then place orders right before and after it. Since Velvet Capital executes all trades on-chain, users are at risk for frontrunning and sandwich attacks (especially for larger trades). Without a Protect RPC, MEV bots purchase the asset right before the user, then the user purchases the asset at a higher price, and then the MEV bot sells the asset for a profit (sandwich attack).
How Protect RPCs Eliminate MEV Frontrunning and Sandwich Attacks
When a user sends a transaction from their wallet on Velvet Capital, it is visible in the public mempool. And when an MEV bot comes across a trigger transaction in the mempool, a transaction that generates MEV, it will act upon it attempting to capture a profit.
bloXroute eliminates the possibility of an MEV bot Sandwich Attack through MEV Protect RPCs that send transactions privately to block builders on Ethereum and BNB Chain. These transactions are no longer publicly visible in the mempool and therefore bots cannot view the pending transaction.
bloXroute is a leader in Protect RPCs. On average when using bloXroute, transactions are confirmed in 1 or 2 blocks. So by using Protect RPCs via bloXroute users are able to avoid being front-run and execute trades faster.
Private Velvet Protect RPCs
Integrate our custom Protect RPC via bloXroute and see the instructions below:
» For Ethereum: https://velvet-eth.rpc.blxrbdn.com
» For BSC: https://velvet-bnb.rpc.blxrbdn.com
Full Instructions: https://docs.bloxroute.com/introduction/protect-rpcs
At Velvet Capital, we have always aspired to provide a seamless DeFi Asset Management experience, and this collaboration is yet another step towards achieving an elevated level of service. Our protocol has been specifically designed for crypto hedge funds, digital asset managers, family offices, and individual investors by enabling the creation and management of on-chain vaults, structured products, and tokenized portfolios. The addition of bloXroute’s Protect RPCs will significantly traders transaction speed, capital efficiency, and reliability for our users.
bloXroute's foundational layer, known as the Blockchain Distribution Network (BDN), operates beneath the blockchain at the networking layer to propagate transactions and blocks rapidly. This underpinning technology is blockchain-agnostic, which means that it can accelerate any blockchain's performance. For Velvet Capital users, this means faster and more efficient interactions with various blockchains, enhancing the execution of complex asset management strategies.
Since launching, Velvet Capital has been embraced by an active community of over 2,000 investors, and we’ve locked in over $700,000 in total value. With the integration of bloXroute, we expect these numbers to grow as we enhance our platform’s appeal through increased transaction speeds and minimized latencies, regardless of network congestion.
This integration speaks directly to our commitment to leveraging the latest technological advancements to benefit our users. bloXroute's network is designed to provide a high-throughput, low-latency network infrastructure for DeFi and Web3 applications. By incorporating this infrastructure, Velvet Capital enables users to experience near-instantaneous trade executions and updates, vital for the fast-paced DeFi markets.
Furthermore, both Velvet Capital and bloXroute are dedicated to maintaining the highest security standards to protect our users' assets. The BDN operates in a manner that is agnostic to the data it carries, meaning it doesn’t hold any influence over the consensus layer, thereby upholding the decentralized nature of the blockchains we support.
This partnership is a clear reflection of our dedication to innovation and excellence. With bloXroute enhancing the backbone of our platform, we are poised to deliver a truly state-of-the-art DeFi asset management experience. Users will not only enjoy the benefits of Velvet Capital’s robust investment tools but will also capitalize on one of the fastest transaction networks available today.
The Velvet Capital and bloXroute collaboration is a fusion of vision and technology, aimed at propelling the DeFi ecosystem into a new era of efficiency and scalability. We look forward to our users experiencing the tangible benefits of this integration and to a future where DeFi can operate at the speed of traditional finance, but with all the advantages of decentralization.