Aave is considering integrating with Chainlink to refund MEV fees to users

On December 24th, according to a proposal in the Aave Governance Forum, Aave is considering integrating a new Chainlink oracle aimed at redistributing profits from trading preemptive transactions to users of the DeFi protocol.

 

On December 23rd, decentralized oracle provider Chainlink released Intelligent Value Recycling (SVR), an oracle service specifically designed to profit from maximum extractable value (MEV) for the benefit of DeFi protocols. On the same day, Aave proposed integrating SVR, "recapturing MEV from Aave clearing and returning it to the Aave ecosystem."

 

Aave claims that Chainlink's SVR is a service that sells the "repurchase rights" and clearing profits of Chainlink's price feedback oracle through MEV-Share auction. Aave estimates that SVR can obtain about 40% of MEV profits, which can be redistributed to Aave DAO to benefit users.