In just three weeks, Archer DAO (ARCH) has soared 1,338% according to the latest data from CoinGecko.
The coin went vertical this month after a transaction involving Archer Dao received a shoutout from Yearn.finance (YFI) creator Andre Cronje.
This is amazing… https://t.co/uIjEZtEMhI
— Andre Cronje (@AndreCronjeTech) January 13, 2021
One way is by identifying arbitrage opportunities on decentralized exchanges. Another is by helping miners find the most profitable transactions on the ledger in order to obtain the most MEV (Miner Extractable Value) possible. To date, the team behind the project has released few details on exactly how Archer Dao accomplishes those tasks.
The token ARCH will be used for governance of the platform and can be staked to reward active participants in the network.
The popular decentalized platform SushiSwap has also revealed that it plans to work directly with Archer Dao sometime in 2021.
The team behind Archer Dao says an early version of its platform is up and running and highlights that miners can integrate the protocol with just a single line of code.
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