# What Is the Main Argument for Keeping the Mempool Public despite the Front-Running Risk? ▴ Learn

**Published:** 2025-11-14
**Categories:** Learn

---

## What Is the Main Argument for Keeping the Mempool Public despite the Front-Running Risk?

The main argument for a public mempool is transparency and decentralization. A public mempool allows anyone to verify that transactions are being processed fairly and prevents a single entity (like a block producer) from censoring or secretly manipulating the order of transactions.

This transparency is fundamental to the trustless nature of public blockchains. Furthermore, the competition among arbitrage bots for MEV is often argued to contribute to market efficiency.

Why Is Decentralization Considered a Key Advantage of Algorithmic Stablecoins despite Their Risks?

Can a Smart Contract Be Designed with a Mechanism to Update Its Logic despite Immutability?

What Is “Censorship” in the Context of a PoS Validator and MEV?

What Are the Potential Censorship Concerns Associated with Private Transaction Relays like Flashbots?

## Discover More

- 
### [Can a Large Options Trade on a Public Exchange Be Front-Run?](https://crypto.greeks.live/learn/can-a-large-options-trade-on-a-public-exchange-be-front-run/)
![The visual suggests the intricate mechanics underlying digital asset settlement possibly representing a metaphorical visualization of a high-frequency trading engine or a specialized hardware security module interface. The polished metallic spindle emerging from stacked precision washers evokes controlled actuation within a secure environment, analogous to key management or consensus mechanism validation. Subtle surface imperfections on the vast, dark reflective plane suggest raw data streams or potential points of slippage in decentralized finance liquidity provisioning. This composition mirrors the stringent engineering required for private key generation, secure cold storage infrastructure, or perhaps the precise execution logic within complex smart contract option parameters, emphasizing system integrity and low latency settlement protocols within decentralized exchanges. The blue-tinged reflective surfaces hint at advanced material science applied to robust financial technology architecture safeguarding digital throughput.](https://crypto.greeks.live/wp-content/uploads/2025/10/Precision-Machining-of-Spindle-Assembly-Interfacing-with-High-Reflectivity-Digital-Asset-Ledger-Substrate.jpg)

Yes, a large options order on a public book can be front-run by trading the underlying asset or related options based on the anticipated price impact.

- 
### [How Does Front-Running Occur in the Context of Smart Contracts?](https://crypto.greeks.live/learn/how-does-front-running-occur-in-the-context-of-smart-contracts/)
![This close-up features polished metallic hardware surrounding a recessed aperture set within layered substrates of cream and pale cyan composite materials, evoking a sealed system interface. This visual metaphor suggests the robust security underpinning decentralized finance protocols and the layered complexity of on-chain governance mechanisms. The precise metallic fixture, secured by small fasteners, represents the immutable smart contract logic safeguarding digital asset custody, akin to securing collateral in a collateralized debt position or escrow within an over-the-counter derivatives execution. The interplay of materials hints at the physical manifestation required for cold storage key security or hardware security modules protecting private keys essential for managing high-value decentralized autonomous organization treasuries and navigating complex delta hedging strategies inherent in perpetual futures markets. This texture embodies resilient infrastructure required for regulatory compliance in tokenized securities.](https://crypto.greeks.live/wp-content/uploads/2025/10/Macro-View-of-a-Secured-Physical-Layer-Access-Point-Detailing-Exotic-Asset-Tokenization-Infrastructure-Integrity.jpg)

Front-running is when a user with access to pending transactions exploits that information for their own profit.

- 
### [How Does EIP-1559 on Ethereum Attempt to Stabilize Gas Fees and Potentially Mitigate Front-Running?](https://crypto.greeks.live/learn/how-does-eip-1559-on-ethereum-attempt-to-stabilize-gas-fees-and-potentially-mitigate-front-running/)
![This close-up perspective reveals a sleek, silver-hued instrument bisected by a slender, translucent blue rod terminating in a fine metallic stylus, suggesting precision input into a specialized trading apparatus. The surface displays alternating circular nodes, some deep black, others matte gray, symbolizing disparate states or asset classes, perhaps representing on-chain governance votes or asynchronous smart contract triggers. This configuration evokes the complexity of decentralized finance yield harvesting mechanisms or the precise execution required in options hedging strategies across volatile cryptocurrency markets. The metallic probe implies direct interaction with a hardware wallet interface or a cold storage key verification sequence, essential for securing large digital asset portfolios against front-running attacks or ensuring derivative contract settlement integrity via secure multi-signature protocols. It hints at the stringent technological requirements for managing complex perpetual swaps exposure.](https://crypto.greeks.live/wp-content/uploads/2025/10/Metallic-Device-Interface-Probing-Binary-State-Differential-Via-Actuation-Mechanism-in-High-Frequency-Trading.jpg)

EIP-1559 stabilized fees and introduced a burn mechanism, but front-runners still use high priority fees to ensure order precedence.

- 
### [What Are the Main Causes of Basis Risk?](https://crypto.greeks.live/learn/what-are-the-main-causes-of-basis-risk/)
![Two dominant, contrasting spherical bodies, one beige with a dark central aperture suggesting a vault or escrow mechanism, and one cyan representing volatile assets, interact across a dark field. A central, elongated apparatus featuring dual convex nodes connects these spheres, symbolizing a structural bridge or counterparty relationship. This configuration visually models a complex financial engineering solution, possibly illustrating concepts like collateralized debt positions or synthetic asset replication. The structure suggests equilibrium maintenance against systemic risk inherent in decentralized finance leverage, analogous to options delta hedging across disparate liquidity pools. The sharp linear element denotes precision required for automated market maker optimization or smart contract execution within DeFi protocols, balancing perpetual futures exposure against spot market slippage. This abstract rendering captures the delicate interplay of capital preservation mechanisms and asymmetrical risk transfer in high-frequency blockchain asset management.](https://crypto.greeks.live/wp-content/uploads/2025/10/Asymmetric-Portfolio-Hedging-Mechanism-Visualization-via-Orbital-Kinetic-Instruments.jpg)

Basis risk is caused by mismatches in asset type, quality, delivery location, or timing between the hedge and the actual asset.

- 
### [What Is the Main Risk of Using Options to Hedge a Long-Term Position That Is Not Perfectly Correlated?](https://crypto.greeks.live/learn/what-is-the-main-risk-of-using-options-to-hedge-a-long-term-position-that-is-not-perfectly-correlated/)
![The stark, high-contrast image displays a geometrically precise, segmented structure unfolding against a deep cyan-to-black gradient, evocative of complex mechanical deployment. This design mirrors the architecture of high-frequency algorithmic trading systems interacting with decentralized finance primitives. The white fuselage segments suggest modularity crucial for rapid iteration in decentralized autonomous organization governance frameworks. The sharp, dark blue planar extensions resemble leverage deployment vectors inherent in perpetual futures contracts or complex synthetic asset creation. This visual metaphor speaks to robust off chain execution facilitating on chain finality, critical for minimizing slippage in decentralized exchange order books and managing volatile spot price deviations within nascent crypto custody solutions. Ten keywords integrated are: perpetual futures, synthetic assets, decentralized autonomous organization, high frequency trading, slippage minimization, order book depth, on chain finality, decentralized finance primitives, algorithmic execution, volatility skew.](https://crypto.greeks.live/wp-content/uploads/2025/10/Aerodynamic-Unfolding-Mechanism-Representing-Modular-Digital-Asset-Settlement-Infrastructure-Evolution.jpg)

The main risk is basis risk, where imperfect correlation between the hedged asset and the option's underlying leads to an imperfect hedge.

- 
### [Explain the Function of a ‘Private Transaction’ or ‘Private Mempool’ in Preventing Front-Running](https://crypto.greeks.live/learn/explain-the-function-of-a-private-transaction-or-private-mempool-in-preventing-front-running/)
![This close-up exhibits muted tan cylindrical housing terminating in a complex aperture featuring a lustrous seafoam green metallic component surrounding a deep black central vortex, suggestive of high-frequency trading infrastructure. The structural alignment echoes the granular resolution necessary for accurately assessing implied volatility surfaces in crypto derivatives markets. This aesthetic evokes the precise calibration required for optimal slippage minimization during large block trades on an Automated Market Maker's concentrated liquidity pools. The composition symbolizes the focused execution path needed to navigate complex options strategies like calendar spreads or ratio backspreads against Bitcoin perpetual futures. Mastering this level of optical clarity parallels achieving zero-latency market microstructure interpretation for superior alpha generation in decentralized finance protocol arbitrage. It represents deep analysis of the bid-ask spread delta hedging required in DeFi.](https://crypto.greeks.live/wp-content/uploads/2025/10/Telescopic-Precision-Optics-Mimicking-Decentralized-Exchange-Order-Book-Depth-Visualization-Framework.jpg)

Private transactions hide pending orders from public view, eliminating the informational advantage front-running bots exploit.

- 
### [Why Is Front-Running on DEXs Often Considered a Systemic Feature Rather than Illegal Activity?](https://crypto.greeks.live/learn/why-is-front-running-on-dexs-often-considered-a-systemic-feature-rather-than-illegal-activity/)
![This abstract composition displays two overlapping planes forming a sharp X-pattern, featuring a stark division between near-absolute darkness and a deep cyanic luminescence, suggestive of differing market states or counterparty exposures within decentralized finance. The intersection highlights small perforations along the central seam, perhaps symbolizing key execution points or oracle confirmations necessary for smart contract settlement. This visual dichotomy mirrors the bifurcation of risk profiles inherent in leveraged delta-neutral option strategies applied to volatile crypto assets, where the underlying perpetual futures basis dictates the funding rate arbitrage. It represents the tension between long and short exposures, the latent stochastic process modeling the asset price path divergence, and the critical nature of determining accurate Greeks calculation within high-frequency derivative operations across various layer two scaling solutions.](https://crypto.greeks.live/wp-content/uploads/2025/10/Cross-Sectional-Overlays-of-Digital-Asset-Bifurcation-Indicating-Implied-Volatility-Surface-Dynamics.jpg)

It results from the blockchain's inherent transparency and fee-based ordering, not from a breach of private information or legal duty.

- 
### [In a CEX, How Is ‘Internal Front-Running’ Detected and Punished?](https://crypto.greeks.live/learn/in-a-cex-how-is-internal-front-running-detected-and-punished/)
![This visualization captures a dark blue, textured spherical asset exhibiting a central, recessed channel housing mechanical actuators suggesting internal governance mechanics. Two pale, angular kinetic projections extend symmetrically, perhaps representing directional hedging instruments or algorithmic propagation vectors within decentralized finance. The aesthetic implies ultra-low latency settlement protocols operating through distributed ledger technology. Keywords include volatility surfacing delta hedging synthetic asset creation liquidity provisioning automated market maker mechanisms oracle integration zero knowledge proofs collateralization escrow Smart Contract execution environment and on chain risk management. This structure embodies resilience against flash loan exploits underpinning decentralized autonomous organization protocol integrity.](https://crypto.greeks.live/wp-content/uploads/2025/10/Decentralized-Autonomous-Organization-Governance-Mechanism-Sphere-with-Kinetic-Stabilizer-Appendages.jpg)

Internal front-running is detected via surveillance of employee trading and access logs, leading to termination and regulatory action.

- 
### [What Is the Difference between a Public and a Private Mempool?](https://crypto.greeks.live/learn/what-is-the-difference-between-a-public-and-a-private-mempool/)
![This abstract rendering depicts interlocking, textured spherical shells orbiting a glowing teal ring structure housing a central disc, conceptually representing a secure, modular system for complex decentralized finance operations. The heavily textured gray surfaces evoke immutable ledger blocks or lunar mining infrastructure underlying cryptocurrency asset custody. The central glowing mechanism suggests an execution engine for on-chain smart contracts dictating automated option premium settlements or automated market maker functions. Keywords include immutable ledger atomic swaps oracle integration volatility skew hedging portfolio delta neutrality governance staking mechanisms nonfungible derivatives collateralization. This visualization underscores the structural elegance required for robust DeFi primitives managing staked capital and derivative exposures against systemic risk factors in the digital asset ecosystem.](https://crypto.greeks.live/wp-content/uploads/2025/10/Decentralized-Autonomous-Organization-Governance-Mechanism-Token-Allocation-Structure-Abstract-Visualization.jpg)

A public mempool is transparent and viewable by all; a private mempool is restricted and hidden from the public to prevent front-running.

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