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Aave and Lido have surpassed $70 billion in net deposits for the first time, with Aave leading at $34.3 billion and Lido at $33.1 billion. Together, they account for 45.5% of the total allocated to the 20 largest decentralized applications. The DeFi ecosystem is experiencing a resurgence, with total value locked reaching $185 billion, and active loans peaking at nearly $21 billion, indicating growing user confidence in on-chain financial resources.
Chainlink has introduced Smart Value Recapture (SVR), a solution designed to help DeFi protocols reclaim a significant portion of the non-toxic Maximal Extractable Value (MEV) lost during liquidations. By collaborating with partners like Aave and Flashbots, SVR allows protocols to recover 60% of the recaptured value, enhancing economic sustainability and efficiency in the DeFi space.This innovation could attract more users and liquidity, leading to greater market stability and new financial products. As Chainlink strengthens its position as a leader in oracle solutions, the partnership with DeFi protocols fosters a more sustainable ecosystem, benefiting all parties involved.
Aave's native token, AAVE, surged 12% to $369.10 following a proposal to integrate Chainlink's Smart Value Recapture (SVR) system, aimed at redistributing profits from Maximum Extractable Value (MEV) during liquidations. This integration could enhance value for all participants in the protocol. With open interest rising by 32% to $376 million, market confidence is strong, and a breakout above the three-year high of $399.85 could push AAVE above $400 for the first time since 2021.
Aave is considering integrating Chainlink's Smart Value Recapture (SVR) service to reclaim approximately 40% of maximum extractable value (MEV) from liquidations, potentially generating millions in revenue for users. This proposal, currently awaiting community approval, aims to redistribute profits more equitably within the Aave ecosystem, benefiting users and incentivizing Umbrella stakers. The initial distribution plan allocates 65% of recaptured value to the Aave DAO and 35% to the Chainlink community, subject to governance approval.
Restaking has emerged as a transformative force in decentralized finance (DeFi) in 2023, attracting over $25 billion in assets and establishing itself as a foundational element of the crypto market. Ethena leads the sector with over $5.5 billion in total value locked, integrating with major platforms like AAVE and Morpho. While Ethereum is at the forefront with protocols like $EIGEN and $PUFFER, BNB Chain is beginning to develop its restaking ecosystem, highlighted by the promising growth of #LAY3R, which currently has a fully diluted valuation of $5 million.
Aave's native token, AAVE, has reached a three-year high of $394, supported by a significant increase in Total Value Locked (TVL), which surged from $6.62 billion in January to $23.1 billion in December. The platform has also seen a rise in fees and active trading, with 30-day returns exceeding 96% and annual gains over 290%. Despite a recent market pullback, experts believe AAVE shows relative strength and potential for further growth.
Aave is considering the integration of Chainlink’s Smart Value Recapture (SVR) to reclaim profits from Maximal Extractable Value (MEV) and enhance DeFi sustainability. This initiative aims to optimize transaction workflows and recapture around 40% of oracle-related MEV, benefiting both Aave and its users. The proposal reflects Aave's commitment to innovation and collaboration with Chainlink in the evolving DeFi landscape.
Decentralized Finance (DeFi) is revolutionizing financial services by eliminating the need for central intermediaries through blockchain technology and smart contracts. The market is projected to grow from $21.3 billion in 2023 to $616.1 billion by 2033, driven by demand for alternative financial solutions and increased institutional engagement. Key trends include the rise of decentralized exchanges, lending platforms, and innovative financial products, while challenges such as regulatory uncertainty and security risks persist.
Aave's price surged 18.05% to $379 following a proposal to integrate Chainlink's Smart Value Recapture (SVR) oracle, aimed at redirecting profits from Maximum Extractable Value (MEV) to benefit DeFi protocols and users. This integration could enhance Aave's ecosystem, with its market cap reaching $5.7 billion and a 65% increase in trading volume to $1.45 billion.
Chainlink has introduced a new oracle solution called Smart Value Recapture (SVR) to help DeFi applications recapture non-toxic Maximal Extractable Value (MEV) during liquidations, aiming to reclaim about 40% of lost value. In partnership with Aave, the initial split will favor DeFi protocols at 65% for the first six months. Following the announcement, LINK surged 9%, while AAVE experienced a 15% increase, marking significant price movements in the DeFi sector.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Aave and Lido reach milestone of 70 billion in net deposits
21:00 24.12.2024
Chainlink introduces SVR to enhance DeFi sustainability and reclaim value
19:02 24.12.2024
Aave price surges as proposal for Chainlink integration gains traction
18:00 24.12.2024
Aave proposes Chainlink integration to capture significant MEV profits for users
15:27 24.12.2024
Restaking Emerges as a Key Innovation in Decentralized Finance in 2023
15:12 24.12.2024
Aave achieves three year high as metrics show consistent growth
12:08 24.12.2024
Aave explores Chainlink SVR to enhance sustainability in decentralized finance
11:11 24.12.2024
decentralized finance transforming global financial systems through innovation and technology
11:00 24.12.2024
Aave surges 18 percent following Chainlink SVR integration proposal
08:46 24.12.2024
Chainlink launches MEV recapture solution boosting LINK and Aave prices
08:04 24.12.2024
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