Liquidations on Aave and the Role of OEV-Share
Liquidations on Aave and the Role of OEV-Share
Liquidations on Aave's V2 market on Ethereum Mainnet have been resulting in significant revenue leakage. Searchers typically give up 99% of their revenue to validators, with the majority going to builders who include their transactions. The introduction of OEV-Share aims to solve this issue by allowing liquidators to compete for oracle order flow, enabling dApps like Aave to recoup up to 99.9% of the incentives paid out. This would significantly improve protocol performance and help capture more value for the dApps themselves.
MEV is a problem & an opportunity. It's a problem for users, and yet it has created a huge economic surplus. The question is where should the value accrue? @MonocerosVen put together an amazing report on everything you need to know about OFAs & the changing MEV landcape: 🧵👇
Excited to share our deep dive into Order Flow Auctions (“OFAs”). Our team at Monoceros (@monocerosven) has talked to over 30 builders and researchers in the MEV space and put together what we believe to be the most thorough overview of OFAs to date. monoceros.com/insights/order…
Another liquidation today on @aave. This time a user was liquidated for over 285k $DAI. The liquidation incentives paid to the searcher were $10.4k! But how much of that did they keep? eigenphi.io/mev/eigentx/0x…
Another high-quality MEV report by @MonocerosVen, including an overview of liquidations and the role of searchers in capturing value in DeFi. Here's how OEV Share can change the liquidation landscape to improve protocol performance: 🧵👇
How do I become a MEV gigabrain & make sense of @tarunchitra's tweets ... is THE question I get asked the most. So, we @monocerosven decided to leave no stone unturned & wrote one of the most comprehensive overviews of MEV to date: The MEV Book monoceros.com/insights/maxim…
As market activity intensifies, we're witnessing a significant surge in trading volumes leading to increased liquidations. Yesterday, for instance, a user was liquidated for $76,831.5 $USDC on @aave v2 Ethereum. 🧵1/13 eigenphi.io/mev/eigentx/0x…
🚨 OEV Alert! 🚨 Yesterday a user was liquidated for over $8.9M on @aave V2 market on Ethereum Mainnet. The incentive for this specific liquidation was nearly $270,000! eigenphi.io/mev/ethereum/l…
dApps are leaking a lot of value due to MEV. @aave paid 130 ETH of a users funds to a validator for this liquidation execution. With OEV-Share, the user could have received that 130 ETH in a single transaction. All dApps are going to need MEV solutions. eigenphi.io/mev/ethereum/t…
650+ ETH has been refunded to MEV Blocker users to-date. That's over 6x as much as the next-most-popular RPC endpoint. dune.com/cowprotocol/me… To start getting paid to protect yourself from MEV, simply click "Add to Wallet" on mevblocker.io. No hints required ;-)
API3 Positions for Oracle Control as Curation Era Approaches
**API3 is positioning itself for dominance** in the emerging curation landscape by focusing on oracle transaction control. The project's **first-party oracle solutions** aim to avoid the competitive race to the bottom that other oracle projects face. This strategic approach differentiates API3 from competitors who rely on third-party data feeds. **Key advantages include:** - Direct data sourcing from APIs - Reduced intermediary dependencies - Enhanced data verification capabilities API3's co-founder has outlined a **hawkish strategy** that leverages their unique positioning in the oracle space. The "curation arc" represents a shift toward more selective, high-quality data provision rather than broad, commoditized oracle services. This positioning could prove crucial as **blockchain applications demand higher data quality** and reliability standards.
API3 Oracle Services Launch on Injective EVM Mainnet Supporting YeiFinance
**API3 announces continued partnership with YeiFinance**, providing comprehensive oracle services on the Injective EVM mainnet from launch day. **Key developments:** - Oracle services include **OEV (Oracle Extractable Value) capture** capabilities - API3 will be **live on Injective EVM mainnet on day one** - Partnership extends existing support for YeiFinance operations The integration brings API3's oracle infrastructure to Injective's EVM-compatible environment, enabling DeFi protocols to access reliable price feeds and capture additional value through OEV mechanisms. *Stay updated on API3's expanding oracle network deployments.*
RLP/USD Oracle Feed Goes Live on API3
**RLP token now has live price feeds** through API3 oracles, providing transparent multi-source pricing across 40+ blockchain networks. **Key details:** - RLP serves as the risk-bearing layer for USR stablecoin - Token holders earn yield by absorbing systemic risk - Available on [API3 Market](https://market.api3.org) This follows the earlier launch of RESOLV/USD feeds in July, expanding Resolv Labs' oracle infrastructure for their DeFi ecosystem.
Morpho Labs and Yearn Finance OEV-Boosted Vault Update
Morpho Labs and Yearn Finance continue their collaboration on OEV (Maximal Extractable Value) recapture through their joint vault initiative. The OEV-Boosted USDC vault has shown significant growth since its launch, surpassing $10M in deposits. Key points: - Partnership focuses on returning value to users - Vault specifically designed for USDC deposits - Plans include expansion to additional markets and chains - Aims to provide sustainable yield opportunities Visit [Morpho's OEV-Boosted Vault](https://app.morpho.org/ethereum/vault/0x68Aea7b82Df6CcdF76235D46445Ed83f85F845A3/oev-boosted-usdc) to learn more.
ETHPrague Conference to Address DeFi Value Recapture Through OEV
The upcoming ETHPrague conference (May 27-29) will feature discussions on Optimistic Execution Value (OEV) in DeFi protocols. The event aims to educate developers and protocol owners about: - Methods to recapture value currently being lost in DeFi operations - Implementation strategies for OEV integration - Revenue enhancement opportunities for protocols The conference follows a successful presentation at ETH Bratislava, where similar topics were explored. Attendees can find representatives for detailed discussions by looking for Api3-branded participants.