Chainlink has announced the launch of a solution that it says will help decentralized finance protocols regain their maximum recoverable value. Chainlink Smart Value Recapture is a MEV solution that DeFi applications can plug into to recapture non-toxic, maximum achievable value from Chainlink price feeds.
According to the Chainlink team, the first version of SVR is work contributed by Aave DAO members BGD Labs and Flashbots, among others. According to Chainlink, Chainlink SVR’s initial focus is on DeFi lending protocols. It is one of the solutions that aims to help protocols recapture MEV from liquidations. Projects like Chainlink, Pyth Network, and API3 are leading the way in offering solutions that make DeFi lending protocols more efficient. These initiatives help projects recover millions of dollars of non-toxic MEV.
SVR, built on the Chainlink infrastructure, allows projects to eliminate unnecessary third-party dependencies. It also eliminates the need for intermediate smart contract integrations by using Flashbots for efficiency and security. It’s also worth noting that a proposal is in the works to handle the integration of Chainlink SVR into Aave.
Image: freepik
Designed by Freepik
