To build an in-protocol custom MEV module for Osmosis that aims to capture and distribute MEV to Osmosis participants. Note that the delivery of the grant is conditional upon governance approval. The milestones are as follows: Milestone 1 = delivery of MVP on Osmosis testnet with at least 10-20 validator partners; Milestone 2 = mainnet launch with integration of all validators.
Skip's custom MEV module for Osmosis will unlock arbitrage revenue (which currently goes to MEV searchers) for the DAO, opening a new source of rewards for stakers and validators.
33% upfront / 33% at completion of Milestone 1 / 33% at completion of Milestone 2