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📅 July 3, 7:00 – July 9,
Aave considers integrating Chainlink SVR service
According to a proposal in the Aave governance forum, Aave is considering integrating a new Chainlink Oracle Machine - Smart Value Recycler (SVR), which aims to redistribute the profits from front running trades to DeFi users. Chainlink's Smart Value Recovery (SVR) is an Oracle Machine service specifically designed to capture profits from Maximum Extractable Value (MEV) to benefit DeFi protocols. Aave estimates that SVR can capture approximately 40% of MEV profits, which can then be redistributed to the Aave DAO for the benefit of users.