MemCast
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Toxic high‑frequency traders are filtered out through cancel‑priority and reputation mechanisms
  • Jeff identifies “toxic users” as those who hunt stop‑losses or flood the market with aggressive taker orders.
  • The cancel‑priority rule directly targets this behavior, reducing their impact.
  • Reputation scores, fee discounts and persistent accounts allow the protocol to quote tighter spreads to trustworthy participants while widening spreads for toxic actors.
  • This creates a healthier market for uninformed traders.
Jeff PersUnchained00:18:00

Supporting quotes

there are toxic users... we prioritize cancels to cut toxic flow. Jeff Pers
The only users who care about this are the toxic users. Jeff Pers

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