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 $270,000! eigenphi.io/mev/ethereum/l…
dApps are leaking a lot of value due to MEV. @aave paid 130 ETH of a users funds to a validator for this liquidation execution. With OEV-Share, the user could have received that 130 ETH in a single transaction. All dApps are going to need MEV solutions. eigenphi.io/mev/ethereum/t…
650+ ETH has been refunded to MEV Blocker users to-date. That's over 6x as much as the next-most-popular RPC endpoint. dune.com/cowprotocol/me… To start getting paid to protect yourself from MEV, simply click "Add to Wallet" on mevblocker.io. No hints required ;-)
🔗 Vyro Finance Joins Api3 Ecosystem
**Vyro Finance** is integrating with the Api3 ecosystem as a CDP (Collateralized Debt Position) protocol. The platform is launching on **Unichain** and will enable users to mint **$vyUSD**, an overcollateralized stablecoin, using the following assets as collateral: - $ETH - $wstETH - $UNI This integration aims to **unlock liquidity** across the broader ecosystem by providing a stable asset backed by multiple collateral types.
Maple Finance Enables SYRUP Collateral for USDC Borrowing on Morpho
**Maple Finance** has launched a new lending feature allowing users to borrow USDC using their $SYRUP tokens as collateral. **Key Details:** - Available exclusively on [Morpho](https://app.morpho.org/ethereum/market/0x729badf297ee9f2f6b3f717b96fd355fc6ec00422284ce1968e76647b258cf44/syrupusdc-usdc) through Kabu USDC - Users can supply SyrupUSDC as collateral while earning approximately 11-12% yield - USDC borrowing rate is around 56% - The mechanism allows for recursive yield farming, generating an additional ~5% yield with each cycle - Curated by Gauntlet and MEV Capital vaults This integration expands utility for SYRUP holders, enabling them to access liquidity without selling their tokens while continuing to earn yield on their collateral.
ONDO Now Accepted as Collateral on Morpho
Morpho has integrated ONDO tokens as collateral, enabling users to borrow USDC against their Ondo Finance positions on Ethereum mainnet. **Key Details:** - ONDO holders can now use their tokens as collateral to borrow USDC - Available on Ethereum mainnet through Morpho's lending protocol - Access the market at [app.morpho.org](https://app.morpho.org/ethereum/market/0x7dea3baf843210ce0a4a9e6374cea47dcd55384fb36d2d701e69b221867b39e5/ondo-usdc) This integration expands borrowing options for real-world asset (RWA) token holders within DeFi.
First EIGEN/USDC Lending Market Launches on Morpho
A new lending market for EIGEN tokens has launched on Morpho's Ethereum mainnet. **Key Details:** - First EIGEN/USDC trading pair now available on the platform - Users can leverage their EIGEN holdings to access liquidity - Market accessible at [app.morpho.org](https://app.morpho.org/ethereum/market/0x6d1dae6238f6f296abb77d9e17a8429132458146bc89d1d2b20516b87a40dee7/eigen-usdc) This addition expands Morpho's lending options, following their recent USDC borrowing incentives on Base and Ethereum mainnet. The platform continues to build out its DeFi lending infrastructure with support for various token pairs.
YeiFinance Launches on Injective EVM with API3 Oracle Integration
**YeiFinance has officially launched on Injective EVM**, integrating API3's first-party oracles with OEV (Oracle Extractable Value) capabilities. - Builders can now access **real-time data feeds** through API3's oracle infrastructure - The integration provides **secure and transparent** data delivery directly from source - API3 served as a **launch partner** for Injective EVM mainnet This deployment enables developers to leverage advanced oracle functionality including OEV capture mechanisms. The partnership represents API3's continued expansion across EVM-compatible networks. Developers can access the data feeds at [market.api3.org/injective](http://market.api3.org/injective).