OEV Network: Capturing Millions of Dollars Lost to MEV in Lending Protocols
OEV Network: Capturing Millions of Dollars Lost to MEV in Lending Protocols
Lending protocols are losing millions of dollars annually due to MEV. OEV Network, an onchain solution built on Polygon CDK, aims to capture and return this value to dApps. The network utilizes zk-rollup technology and specialized order-flow auctions for oracle updates. It offers security, accessibility, transparency, and accountability. OEV Network is working with Gateway to make the solution scalable and efficient, accessible to a broad range of dApps across all chains. This onchain MEV solution aims to revolutionize DeFi and enable dApps to recapture value and generate sustainable revenue.
Lending protocols are leaking millions of dollars every month due to MEV. OEV Network is a zk-Rollup built to capture that value and return it to the protocol. In January, @aave would have been able to recapture and keep up to 90% of this value.
Serious problems need serious solutions. Lending protocols are leaking millions of dollars annually due to OEV. OEV Network is an onchain solution for dApps to capture that value. For every dApp. On every chain. Here’s why we built it on @0xPolygonLabs CDK. 🧵👇
DeFi protocols are leaking hundred of millions of dollars due to OEV. The future of onchain finance is multi-chain, meaning every dApp on every chain will need a solution to capture that value. That’s what we’ve been building. And it’s almost ready.
OEV Network Cuts Arbitrum Auction Times in Half
**OEV Network is reducing auction lengths on Arbitrum from 30 seconds to 15 seconds**, scheduled for Monday, September 8 at 10:00 UTC. The network has maintained **100% uptime over 9+ months** with more than 1,500 auctions completed. The upgrade aims to speed up the auction process while maintaining system reliability. - Auction time: 30s → 15s - Target date: Sept 8, 10:00 UTC - Expected minimal downtime - Updates via OEV Discord Channel OEV Network allows MEV searchers to bid for valuable price updates, with auction proceeds returning to the originating dApps.
API3 Pauses Services on Two Networks Due to Technical Issues
**API3 announces service changes** affecting two major networks: - **Polygon zkEVM Mainnet Beta** will be discontinued by Polygon due to technical challenges and strategic shifts - **Kava Chain** feed maintenance will be paused until demand increases **Action Required:** Developers must **update their integrations by September 11, 2025** to avoid service disruptions. This follows Polygon's previous servicing updates aimed at improving network performance and stability. The zkEVM beta shutdown represents a significant shift in Polygon's technical strategy. *Builders should review their current integrations and plan migration strategies accordingly.*
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.
Oracle Migration Guide: Earn Rewards and Enhance Security
A new migration guide helps lending protocols transition from Chainlink to API3, offering multiple benefits: - Earn revenue through Oracle Extractable Value (OEV) Rewards - Enhance security with multi-oracle support - Seamless upgrade process that maintains system stability The guide comes as lending protocols increasingly recognize untapped revenue potential in oracle services. @MetisDevs workshop provides implementation support for protocols looking to upgrade their oracle infrastructure.