Aave explores capturing MEV profits with Chainlink
Aave, a DeFi lending platform, is considering using Chainlink's new Smart Value Recapture (SVR) service to capture maximum extractable value (MEV) profits in its liquidations.
* What is MEV? It is the practice of reordering transactions on a blockchain to gain profits, often at the expense of other users.
* Why is it important? At Aave, external liquidators gain large profits by exploiting MEV in liquidations.
* The proposed solution: By using SVR, Aave could capture a significant portion of these profits and redistribute them to its users.
In summary, Aave seeks to utilize Chainlink's technology to mitigate the negative effects of MEV and create a fairer and more efficient DeFi ecosystem.
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