Aave mulls Chainlink integration to return MEV fees to users
The DeFi protocol aims to capture around 40% of MEV profits from adding Chainlink’s new oracle service.
Aave is mulling integrating a new Chainlink oracle designed to redirect profits from transaction frontrunning to the decentralized finance (DeFi) protocol’s users, according to a proposal in Aave’s governance forum.
On Dec. 23, decentralized oracle provider Chainlink released Smart Value Recapture (SVR), an oracle service specializing in capturing profits from maximum extractable value (MEV) to benefit DeFi protocols.
The same day, Aave proposed integrating SVR “to recapture MEV from Aave liquidations and return it to the Aave ecosystem.”
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Author: Alex O’Donnell
