But don’t worry, we’re gonna keep this light and breezy (or as light and breezy as a guide about block space markets can be).

So what is Interchain Scheduler? Well, it’s basically the Cosmos version of MEV on Ethereum but with some key differences. Let’s break it down for you.

First off, why we need something like this in the first place. In a nutshell, there are a lot of app chains in the Cosmos ecosystem that list the same assets (like $ATOM), and as they trade on different DEXes, their prices can vary from one chain to another. This creates some pretty sweet arbitrage opportunities for those who know how to take advantage of them but it also introduces a lot of complexity and inefficiency into the system.

Enter Interchain Scheduler. With this bad boy, we’re bringing MEV markets on-chain to Cosmos. That means that instead of relying on off-chain cartels (which can be pretty shady), we’re creating a more transparent and fairer system for everyone involved. And the best part? It’s all happening in real time!

So how does it work, you ask? Well, when a consumer chain enables the Scheduler module, they enter into a cross-chain contract to provide a portion of their block space (let’s say one block every minute). This creates an opportunity for other chains to submit transactions that can be executed during this designated block. And here’s where things get interesting because these transactions are submitted through the Scheduler module, they have priority over regular transactions in the queue.

This means that if you’re a savvy arbitrageur (or just someone who wants to take advantage of some sweet MEV opportunities), you can submit your transaction during this designated block and be pretty confident that it will get executed before anyone else’s. And because everything is happening on-chain, there’s no need for any shady off-chain cartels or backroom deals everyone knows exactly what’s going on at all times.

Interchain Scheduler: bringing MEV markets on-chain to Cosmos. It might not be the most exciting topic in the world, but trust us this is some pretty groundbreaking stuff for the crypto space. And who knows? Maybe one day we’ll all be able to take advantage of these sweet arbitrage opportunities without having to worry about any shady off-chain cartels!