LayerZero Introduces OTTER, an MEV-Resistant Automated Market Maker

LayerZero, in collaboration with Oblivious Labs and Carnegie Mellon University, has proposed OTTER, a new automated market maker mechanism designed to mitigate Maximum Extractable Value (MEV). By utilizing a batch clearing mechanism similar to VCG auctions, OTTER encourages traders to report valuations truthfully and limits the ability of block builders to profit through transaction reordering, sandwich attacks, or malicious bidding.