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Copy file name to clipboardExpand all lines: apps/developer-hub/content/docs/express-relay/how-express-relay-works/index.mdx
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@@ -51,12 +51,15 @@ The Express Relay contract collects payment from the Searchers and forwards a sh
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## Key Components
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### Off-chain Auction Server
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The auction server receives bids from searchers and determines winners based on bid amounts and other criteria. It then submits winning transactions to the blockchain in the optimal order.
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### On-chain Smart Contract
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The Express Relay smart contract validates that transactions have won the auction and enforces payment collection. It also handles revenue distribution between protocols and other stakeholders.
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### Permission System
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Express Relay uses a permission system to ensure only auction winners can execute protected operations. This prevents frontrunning and ensures MEV capture.
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## Benefits for Protocols
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Express Relay is suitable for any protocol with valuable, time-sensitive operations:
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-**Lending Protocols**: Liquidations of undercollateralized positions
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-**Perpetual Protocols**: Liquidations and funding rate updates
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-**Perpetual Protocols**: Liquidations and funding rate updates
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-**DEX Protocols**: Arbitrage opportunities and order book operations
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-**Derivatives Protocols**: Option exercises and settlement operations
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-**Cross-chain Protocols**: Bridge operations and relay transactions
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