Oval Enables Lending Protocols to Capture Oracle Extractable Value (OEV) through MEV-Share Auctions
Oval Enables Lending Protocols to Capture Oracle Extractable Value (OEV) through MEV-Share Auctions
Oval, a solution developed by UMA in collaboration with Flashbots, allows lending protocols to capture a significant portion of the Oracle Extractable Value (OEV) generated during liquidations that was previously lost to the MEV supply chain. Oval runs order flow auctions in Flashbots' MEV-Share to effectively price liquidations and redirects up to 90% of the OEV back to the lending protocols. This helps lending protocols reclaim lost value, improve capital efficiency, and generate revenue from liquidations. The integration of Oval with Chainlink Data Feeds simplifies MEV capture without the need for code changes.
Oval helps lending protocols capture millions of dollars of free money each year. But MEV capture is only possible thanks to the infrastructure built by Flashbots. Oval is the first application built on Flashbot鈥檚 MEV-Share protocol. Here鈥檚 why that matters.馃馃憞 Flashbots is
Liquidations are an essential component of DeFi lending. However, they are broken. Current models cause lending protocols to leak millions of dollars of value each year. Oval is a solution to this problem. Read on to learn why. 馃 Permissionless lending is one of DeFi鈥檚 most
Ready to become the first liquidator to use Oval? We're running a Capture the Flag competition to test Oval liquidations. Submit bundles to liquidate test honeypots and win. 馃挵 Starts on Monday, Feb 19th.
With Oval, lending protocols can instantly start capturing OEV. No changes to the contract code, no re-audits, and no re-deployments necessary. It鈥檚 a simple plug-and-play solution that鈥檚 compatible with any EVM-based protocol. 馃 @chrismaree_ @hal2001 @therollupco
Permissionless liquidations are one of DeFi鈥檚 most crucial innovations. But they鈥檙e broken. To understand why, we must look to one of DeFi鈥檚 most successful use cases: lending protocols. In DeFi, demand for loans is high because people want leverage. Lending protocols can
MEV is a HUGE topic in the Ethereum ecosystem. With Oval, lending protocols can capture millions of dollars worth of MEV from oracle updates. This is known as Oracle Extractable Value, or OEV for short. Here鈥檚 a quick primer to OEV and how Oval is set to change DeFi forever.
Lending protocols are overpaying for liquidations. The amount overpaid doesn't secure the protocol. It gets lost to the MEV supply chain. With Oval, the market sets the price of a liquidation and the difference goes to the protocol as revenue. Hear more from @hal2001.
Capture the OEV you're losing today. Oval is built on top of Chainlink Data Feeds to make MEV capture easy. Lending protocols can earn millions in revenue without changing a line of code.
UMA Optimistic Oracle Hits 400K Onchain Assertions with 99.31% Accuracy Rate
The UMA Optimistic Oracle has processed over 400,000 assertions onchain, maintaining a dispute rate of just 0.69% - meaning 99.31% of assertions went unchallenged. **Key metrics:** - 400K+ total assertions secured - 0.69% dispute rate (99.31% undisputed) - Continued growth from 200K assertions in January The optimistic oracle model allows data to be posted onchain and assumed true unless disputed within a challenge period. The low dispute rate demonstrates the system's effectiveness at securing accurate information onchain. UMA's oracle infrastructure powers protocols like Across and oSnap, enabling trustless data verification across web3 applications.
Across Protocol Considers Transition from DAO to US C-Corp Structure
**Across Protocol**, a crosschain bridge and interoperability protocol secured by UMA, has released a temperature-check proposal titled "The Bridge Across" to gauge community sentiment on a significant structural change. The proposal explores whether Across should transition from its current DAO and token structure to a **U.S. C-corporation** model. This would involve: - A token-to-equity exchange program - A token buyout mechanism This represents a notable shift in governance philosophy, as the protocol considers moving from decentralized autonomous organization principles to a traditional corporate structure. The temp-check is designed to assess community interest before any formal governance vote. The proposal reflects broader conversations in the web3 space about optimal organizational structures for protocol sustainability and regulatory compliance.
Across Protocol Offers Fast, Cheap Crosschain Bridging Secured by UMA
**Across Protocol** provides a crosschain bridge solution focused on speed, cost-efficiency, and security. The platform serves both individual users bridging assets and developers building crosschain applications. **Key features:** - Fast transaction processing - Low-cost bridging - Secured by [UMA's optimistic oracle](https://uma.xyz) - Intent-based architecture The protocol uses UMA to settle crosschain transactions, repay relayers, and resolve disputes with minimal trust assumptions. This approach provides flexibility while maintaining decentralized verification. Across serves as a reference model for intent-based crosschain infrastructure in the web3 ecosystem.
UMA Secures Super Bowl LX Predictions on Polymarket
**UMA is providing oracle infrastructure for Super Bowl LX prediction markets on Polymarket.** The protocol will secure onchain outcomes for the full weekend of Super Bowl betting activity. UMA's optimistic oracle technology enables decentralized verification of real-world events for prediction markets. - UMA serves as the oracle layer verifying Super Bowl outcomes - Polymarket has seen over $67M in Super Bowl betting volume - The integration demonstrates growing adoption of decentralized prediction markets This continues UMA's role in powering the prediction market infrastructure stack.
MetaMask Integrates UMA-Secured Bridging and Predictions
MetaMask has integrated two major UMA-secured protocols directly into its wallet interface: - **Across Protocol** for cross-chain bridging - **Polymarket** for prediction markets Both services leverage UMA's optimistic oracle technology for security. This integration brings decentralized bridging and prediction market functionality directly to MetaMask users without leaving the wallet interface. The move represents a significant step in making DeFi infrastructure more accessible to mainstream users through familiar interfaces.