Chainlink introduces a new oracle solution called Smart Value Reclamation (SVR), which helps DeFi applications reclaim up to 40% of the maximum extractable value (MEV) that is often lost to third parties.
This solution allows protocols like DeFi lending platforms to reclaim a portion of the value from liquidations through Chainlink price feeds and MEV-sharing. Notably, SVR shares the value with a ratio of 60% for the DeFi protocol and 40% for Chainlink. In the agreement with Aave, this ratio is adjusted to 65:35 in the first 6 months.
This announcement has pushed the price of LINK token up by 9%, reaching a high of $24.78 before slightly decreasing. Currently trading at $24, AAVE also benefits, rising over 19%, currently reaching $381.
#LINK #AAVE #defi
------------------------------------------
If you find this information useful and want to stay updated with the latest news on the cryptocurrency market, don't forget to like, comment, and follow us to not miss any important news!
