Skip is developing infrastructure to enable transaction prioritization, reordering, and bundling (MEV) for Cosmos and other fast-emerging proof-of-stake chains. Its platform uses sealed-bid auctions to let users and traders pay for prioritization and privacy while aiming to democratize access to MEV opportunities. Skip’s infrastructure is designed to share MEV profits with validators, stakers, and protocols and to make it easier for traders to execute strategies. The product also seeks to protect users from gas wars, transaction spam, frontrunning, sandwich attacks, and other toxic MEV behaviors. Skip was founded in 2022 by Barry Plunkett and Maghnus Mareneck, who position the company as the first MEV provider focused on giving blockchain communities control over how MEV revenues are captured and distributed. The team plans to leverage the seed financing to expand its tooling and partnerships across the Cosmos ecosystem and other PoS networks.

Total raised

$7M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2022