Velora’s intent-based system executes trades in three phases, pre-processing, auction, and execution - optimizing efficiency and MEV protection.

Quotes that support claims

ParaSwap submitted orders in three steps... First the order is preprocessed... then submitted to an auction... The winning agent executes the trade while taking the user’s intent into account and purportedly minimizing MEV exploitation risks.

Pre-processing, with the definition of the target price and user preferences; Auction, in which various operators compete... Execution, entrusted to the best selected executor, with the goal of maximizing efficiency and protection from MEV.