Chainlink has introduced a new feature called Smart Value Recapture (SVR) that aims to decrease reliance on third parties and eliminate the need for mediatory smart contracts. Developed in collaboration with Flashbots, BGD Labs, and the Aave DAO, SVR allows decentralized lending protocols to recapture the MEV associated with oracles from liquidations. The feature is currently in its testnet phase but will soon be released on the Ethereum mainnet. The integration of Chainlink SVR into the Aave community is going through governance approval, which is expected to enhance the platform's economic viability. Chainlink SVR plans to become a decentralized, cross-chain, and generalizable MEV solution in the future. The platform aims to improve user experience, decentralization, gas efficiency, and security, with a focus on long-term economic viability and the expansion of DeFi adoption.



Other News from Today