What is Skip Protocol?

Skip is building a sealed-bid closed auction system that allows traders to submit tipped transactions to validators who prioritize them at the top of blocks based off blocks:

1. The transactions submitted through our relay are inserted above ordinary transactions (submitted through traditional RPC endpoints). Validators receive the tips for the transactions they include in blocks.

2. When different traders submit conflicting transactions, we forward the transaction with the highest tip along to validators. The transactions that lose the auction or would otherwise fail aren’t added to blocks, saving block space for ordinary users.

3. The tips and transactions submitted by traders whose transactions don’t win the auction won’t be visible to other traders or validators