FAIR Announces L1 Chain for AI Agents with MEV Protection

FAIR, an upcoming blockchain, aims to protect AI agents from Maximum Extractable Value (MEV) transactions, offering a gas-free and seamless network. The chain will eliminate MEV risk by applying protection at the protocol level through BITE (Blockchain Integrated Threshold Encryption). FAIR is built from scratch in C++ for near real-time execution and allows for the creation of a new DeFi ecosystem where no user can be front-ran. Existing Skale (SKL) tokens will be burned to run FAIR validator nodes, with a portion of FAIR tokens airdropped to SKL holders pending governance vote.

FAIR, an upcoming blockchain initiative, is set to address a significant challenge in the decentralized finance (DeFi) ecosystem: Maximum Extractable Value (MEV). By applying BITE (Blockchain Integrated Threshold Encryption) at the protocol level, FAIR aims to eliminate MEV risk, ensuring a gas-free and seamless network. This innovative approach promises to protect AI agents and create a new DeFi ecosystem where no user can be front-ran.

FAIR is built from scratch in C++, enabling near real-time execution and high performance. The blockchain integrates the FAIR EVM, a next-generation Ethereum Virtual Machine designed for parallel execution, asynchronous processing, and database-level efficiency. This architecture supports instant finality, allowing for near real-time execution of smart contracts without sacrificing determinism or composability.

The introduction of FAIR represents a dual-token economy. Existing SKALE (SKL) tokens will be burned to run FAIR validator nodes, while FAIR serves as the native token for the new Layer 1 blockchain. A portion of FAIR's native token supply will be airdropped to SKL holders pending governance vote, aligning the networks from day one.

FAIR's MEV-resistant infrastructure is designed to support the next generation of DeFi and Web3 AI. It ensures that transactions cannot be front-run, censored, or manipulated, creating a transparent and fair environment for both users and AI agents. This innovation is set to unlock new use cases and trading efficiencies, positioning FAIR as a foundational infrastructure for autonomous AI systems.

FAIR's launch is significant for the DeFi landscape. It addresses a critical flaw in current blockchain infrastructure, ensuring that users and AI agents can interact securely and fairly. As AI agents and stablecoins accelerate adoption and DeFi usage climbs, FAIR's MEV-resistant design is poised to mitigate a growing problem, potentially saving billions in transaction fees.

References:

[1] https://blockworks.co/news/skale-labs-launches-fair
[2] https://skale.space/blog/fair-the-first-blockchain-built-for-the-next-generation-of-defi-and-ai