OpenMEV Council
The OpenMEV Council is the governance body for Toby's OpenMEV network, where $TOBY token holders decide how Solana's blockspace marketplace operates.
The OpenMEV Council is the governance body for Toby's OpenMEV network. $TOBY token holders decide how Solana's blockspace marketplace operates.
Most MEV infrastructure on Solana is controlled by a single foundation or a small group of operators. They set the rules. They decide which strategies are allowed, how fees are distributed, and who gets access. Everyone else just lives with those decisions.
The OpenMEV Council replaces that model with community governance. The people who use the network, hold the token, and depend on the infrastructure are the same people who control how it works.
What the Council Governs
$TOBY token holders vote on the parameters that define how OpenMEV operates. This isn't advisory governance or signaling polls. Council decisions directly shape the network.
MEV Admission Rules
Which MEV strategies are allowed on the network and which are filtered. This is the most consequential governance power in the system. The Council decides whether sandwich attacks are blocked, which forms of arbitrage are permitted, and where the line falls between beneficial and harmful MEV.
Validator Participation and Incentives
Requirements for validators to join the OpenMEV network and the incentive structures that reward them. This includes minimum performance thresholds, staking requirements, and how $TOBY emissions are distributed across the validator set.
Auction Mechanics and Fee Distribution
How Block Chef auctions operate and where the fees go. The Council sets the parameters for bundle pricing, tip distribution between validators and stakers, and the protocol's fee take rate.
Protocol Integration Approvals
Which Solana protocols and DeFi platforms integrate with OpenMEV. Every new integration expands the MEV surface area the network can capture, so these decisions directly impact the value flowing through the system and back to token holders.
Network Upgrades
Future changes to the OpenMEV protocol itself: new features, architectural changes, and technical upgrades. The Council ensures that the network evolves based on the needs of its participants, not the preferences of a single development team.
Why This Matters
The word "open" in OpenMEV isn't branding. It's a governance commitment.
MEV infrastructure touches every transaction on Solana. The rules governing that infrastructure affect validators, stakers, searchers, protocols, and every user who submits a trade. When a single entity sets those rules, the incentives inevitably skew toward that entity's interests.
Community governance changes the incentive structure. When $TOBY holders control the parameters, the network optimizes for what's best for the ecosystem as a whole, because the decision-makers are the ecosystem.
How It Differs
Rule-setting
Foundation or operator unilaterally decides
$TOBY holders vote on all parameters
MEV policy
Fixed or opaque filtering rules
Community-defined admission rules
Fee structure
Set by the operator
Governed by token holders
Upgrades
Shipped when the team decides
Approved by community vote
Accountability
Take it or leave it
Token holders can change any parameter
Governance Timeline
Detailed governance mechanics, including voting procedures and proposal processes, will be published as the network approaches mainnet launch. The Council's scope and authority are defined now. The implementation details will be finalized with community input.
Learn more:
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