what's MEV Protocol?

MEV Protocol is a system of products designed to maximize value creation across Ethereum's validator supply chain. Its core offering is mevETH, a non-custodial liquid staking token (LST) that enables users to stake ETH while retaining liquidity for DeFi applications. The protocol optimizes yields through dynamic rebalancing between staking validators and lending markets, and leverages an OpenMEV architecture to capture Maximal Extractable Value (MEV) by supporting multiple block proposals per slot, enhancing efficiency and decentralization. Complementing the LST, MEV Protocol features mevAuction, a blockspace auction house that facilitates fair and competitive allocation of blockspace. With a non-rebasing design, mevETH ensures stable balances for composability in DeFi. The protocol prioritizes transparency, accountability, and Ethereum's long-term security by decentralizing MEV extraction and validator rewards.

MEV Protocol and Apollo Crypto launched mevUSD, a stablecoin capturing MEV for institutional yields.