How it Works

• Auction: Nova routes transactions into a private bidding process where vetted searchers analyse the transaction and market for potential back-running opportunities. Searchers submit bids representing the value they are willing to return, and the highest bidder provides the optimal backrun. Nova bundles the user’s transaction with the winning backrun and submits the package to a trusted builder network, ensuring the user transaction, backrun, and associated refund are included atomically in the same block. This structure prevents harmful forms of MEV such as front-running and sandwich attacks, while allowing transaction originators to capture value generated by the signal their own transaction creates.
• Gas Recoveries: OFA platforms must request gas recoveries from block builders. Without accurate insight into current block construction dynamics requests are simply estimates based on historical data. Nova minimizes execution uncertainty by dynamically optimising priority fees using real-time intelligence.