JUST IN: Aave has officially adopted Chainlink SVR on @arbitrum & @base in a near-unanimous vote to increase DAO revenue.
This development builds upon @aave’s successful use of SVR on @ethereum, which has already recaptured $16.7M+ in non-toxic liquidation MEV.
As an $AAVE supporter, I believe this is an important proposal that finally brings clarity on what the Aave ecosystem is, who owns it, and the expectations for how service providers should act with the power the DAO granted them.
Aave v3.6 is almost ready to be proposed to the Aave governance, and we have published all the details about it on the Aave DAO forum
https://t.co/JefQCqRc1T
It is now fully confirmed that the AAVE/wstETH Balancer v2 pool is NOT vulnerable, given that its implementation (Weighted pool) is different than the affected Composable Stable pools.
Additionally, Balancer v3 pools are NOT affected, including boosted using Aave aTokens as underlyings.
With Aave v3 more than 3 years in production, countless improvements done & ongoing, and v4 approaching its latest stage of development, we have published our vision regarding the Aave v3.X product going forward, and its relation with v4.
Link and a summary below ⬇️
Aave governance proposal 320 to activate the initial phase of Aave Umbrella is currently passing, and if so, is scheduled to be executed on Thursday.
But what does this mean for the 👻 Aave ecosystem? A 🧵
Introducing Chainlink Smart Value Recapture (SVR)—a novel non-toxic MEV recapture solution for users of Chainlink Price Feeds.
The initial version was created in collaboration with @bgdlabs, Flashbots, and other contributors to the @aave DAO.
🧵👇
https://t.co/EMtJHqRxaM
Presenting a temp check proposal to integrate the new @chainlink SVR (Smart Value Recapture) v1 into Aave via a pilot program.
Check it out in the Aave governance forum 👻
https://t.co/gGB53cPZaP
Introducing Aave v3.3, a new upgrade of the protocol preparing it for Umbrella, and optimising the liquidations algorithm.
Check it out on the Aave governance forum optimizing
https://t.co/xBhESnSnfn