Building a Higher Revenue Efficiency Jito MEV Client on Solana Mainnet Made Possible with Open-Source solv
Building a Higher Revenue Efficiency Jito MEV Client on Solana Mainnet Made Possible with Open-Source solv
ELSOUL LABO B.V. (headquartered in Amsterdam, Netherlands, CEO: Fumitake
Kawasaki) and its Web3 project aimed at supporting open-source development,
Epics DAO, which develops a socially-contributing NFT card game, have jointly
released a new version, v3.2.0, of their open-source Solana validator tool,
"solv".
With solv v3.2.0, it's now possible to launch a custom Jito MEV client on the
Solana mainnet, in addition to the standard Solana validator client, aimed at
achieving higher revenue efficiency.
Launching a Higher Revenue Efficiency Jito MEV Client is Now Possible
With solv v3.2.0, launching a Jito MEV client on the Solana mainnet has become
possible.
The Jito MEV client is an open-source Solana validator client customized by Jito
Labs to achieve higher revenue efficiency on the Solana mainnet.
Maximal Extractable Value (MEV) refers to the opportunity for blockchain miners
or validators to generate additional revenue through the manipulation of
transaction order or timing, among other optimizations. This phenomenon,
observed in many blockchain platforms including Solana and Ethereum, can benefit
certain participants while potentially introducing market inequities and
security risks. Jito proposes a new approach to managing both the positive and
negative aspects of MEV, aiming to maximize the benefits for the entire network.
Through this, Jito strives to achieve a more fair, transparent, and secure
blockchain ecosystem.
Jito Labs: https://www.jito.wtf/
Jito Foundation: https://www.jito.network/
GitHub (jito-solana): https://github.com/jito-foundation/jito-solana
Previously, setting up a Jito MEV client required some specialized knowledge and
numerous configurations and updates. However, with solv, most of the work is
automated, allowing anyone to set up a Jito MEV client in just three simple
steps.
For detailed setup instructions of the Jito MEV client, please refer to the solv
v3.2.0 release notes.
solv - v3.2.0 Release Notes:
https://github.com/EpicsDAO/solv/releases/tag/v3.2.0
Even those who are new to using solv can easily set up a Solana validator and
RPC node in three simple steps. solv supports both mainnet and testnet, and
works on most cloud platforms.
For more information, please visit the official documentation.
solv Official Documentation: https://solv.epics.dev/en/
About the Solana Validator Tool 'solv'
solv is an open-source CLI tool designed to simplify the setup and operation of
Solana validators and RPC nodes. By using solv, you can easily manage validator
and RPC node setup, operation, monitoring, alerts, upgrades, and other validator
tasks.
solv makes it easy for new Solana validators, those setting up RPC nodes, and
even those already operating as validators or managing RPC nodes to transition
to using solv and subsequently manage their operations more effortlessly and
smoothly.
The main aims of solv are as follows:
Promoting the Decentralization of the Solana Network
Designed to allow more users to participate in the Solana network easily by
simplifying update tasks, contributing to network decentralization and a
technology innovation society that leaves no one behind. As an open-source tool,
it offers transparency while building a safe and reliable validator network.
Reducing the Hassle and Burden of Update Tasks
solv users can easily perform many settings and updates with just one command.
Since the Solana network operates globally, update tasks do not always fall
within reasonable working hours. Even if it's difficult to respond to updates on
time due to time zone differences, you can set updates from the solv command and
complete them automatically. This saves time for Solana validators with advanced
skills, allowing them to create more social value.
Strengthening the Resources of the Open Source Community
Technically adept open-source communities are encouraged to participate as
validators. However, the barrier remains high as not all developers are familiar
with specific blockchains. solv aims to lower this hurdle for participating as
validators, enabling more open-source development communities to earn validator
rewards and build a sustainable open-source development environment.
This tool was originally developed to improve operational efficiency for our
development team and the wider community. However, believing it to be beneficial
for Solana validators, the entire Solana community, and all open-source
development communities, we have made solv available as an open-source tool,
allowing all users to use it freely and at no cost.
We hope you will give it a try.
For more information, please refer to the official documentation or ask
questions on the Epics DAO Official Discord.
solv Official Documentation: https://solv.epics.dev/en/
Epics DAO Official Discord: https://discord.com/invite/GmHYfyRamx
