How Toby will change Solana's MEV Landscape.

Toby is for everyone.

Solana is known for its fast, low-cost transactions, but when it comes to the world of MEV (Maximal Extractable Value), things can get a bit tricky. Currently, the MEV scene is dominated by a single major provider that controls a large portion of the validator market. This player optimizes how transactions are bundled and ordered, giving validators a boost in yield. However, this concentration has led to centralization and created some challenges for other participants trying to engage in the ecosystem.

But that’s where Toby comes in! Think of Toby as a friendly new kid on the block, shaking things up by making the MEV landscape more open and transparent. Toby’s goal is to build a healthier environment where everyone, from stakers to searchers, has a fair shot at earning MEV rewards. Instead of keeping everything tightly controlled, Toby opens up its MEV marketplace so validators and users can choose how they want to participate. Sounds refreshing, right?

The Current State of Solana MEV

Right now, most of the MEV activity is managed by a single dominant player. This brings some benefits, like high yields for stakers and validators, but it also concentrates too much power in one place. Smaller validators and independent searchers often find it hard to compete in such a system.

Additionally, the current approach hasn’t been without its challenges. Predatory strategies like sandwich attacks (where bots manipulate transaction prices) have become more common, and the attempts to address these issues haven’t always resolved the problem. This has created more confusion and controversy in the community.

What Makes Toby Different?

Toby takes a fresh approach that’s all about fairness and choice. Instead of sticking to a closed system, Toby’s MEV marketplace is designed to be truly decentralized. Here’s what makes Toby stand out:

• An Open and Transparent MEV Marketplace: Toby doesn’t want to lock anyone out. Validators and searchers can participate openly, making it easier for small players to join the game without worrying about being squeezed out. This encourages more healthy competition, which can lead to better outcomes for everyone.

• Choice and Flexibility for Stakers: With Toby, stakers get to choose their validators based on what matters to them—whether it’s yield, decentralization, or even latency. This flexibility helps break down the power structures that have built up around closed systems.

• Improved Latency for Searchers: If you’re a searcher (someone trying to make profitable trades based on how transactions are ordered), Toby is looking out for you too! Toby offers custom relayers that make it easier to get your transactions through without the need to spam the network. This means lower fees and fewer headaches.

Why Choose Toby?

While the current MEV landscape might favor a single dominant player, Toby’s friendly and inclusive approach is changing the game. Here’s why Toby is different:

• Current Approach: Centralized, notable yields, but with a lot of control. Great for big validators, but not ideal if you care about decentralization and fairness.

• Toby’s Approach: Decentralized, open, and more focused on giving everyone a voice. By putting power back into the hands of the community, Toby is trying to build a more balanced ecosystem where stakers and searchers alike can thrive. (Check out how Open-MEV works here)

What’s Next for Toby?

Toby’s plan goes beyond just improving the MEV landscape. By introducing $tSOL, a liquid staking token, Toby wants to bring even more people into the ecosystem. Right now, only 3-4% of Solana’s assets are in liquid staking tokens, so there’s a massive opportunity to grow. With $tSOL, users can earn staking rewards while still being able to use their tokens in DeFi applications—whether it’s lending, borrowing, or yield farming. This flexibility makes staking with Toby not just rewarding but also fun and easy!

Wrapping Up: Why Toby is for Everyone

Toby’s approach to MEV is about leveling the playing field and making Solana a fairer place for everyone. By decentralizing power, providing more options, and ensuring that rewards are distributed more transparently, Toby is setting a new standard for MEV on Solana. If you’re looking for a system that’s open, inclusive, and community-driven, Toby is definitely the one to watch. Coming soon, stay tuned.