Following a successful initial pilot, the @aave DAO has officially voted with unanimous approval to expand its use of Chainlink SVR to cover additional markets.
This increases SVR market coverage on Aave from ~3% to ~27% of the protocol's TVL on Ethereum.
SVR is a novel oracle solution that allows Aave to securely recapture oracle-related liquidation MEV, with the recaptured value split between Aave and Chainlink.
During the pilot period, SVR operated without issue, successfully liquidating at-risk positions while ensuring zero bad-debt accrual for the Aave protocol.
SVR-activated markets on Aave now include:
Aave v3 Ethereum Core: AAVE, cbBTC, eBTC, LBTC, LINK, tBTC, & WBTC
Aave v3 Ethereum Prime: ezETH, rsETH, USDC, WETH, & wstETH
This expansion reflects a risk-adjusted approach to increasing Aave's usage of SVR, with the ultimate goal of having all Aave markets on Ethereum covered by SVR.
Just use Chainlink.
94.15K
1.19K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.