Blockchain oracle UMA has launched Oval, a solution that lets Decentralized Finance (DeFi) lending protocols capture Oracle Extractable Value (OEV) by auctioning the right to liquidate positions.
Uma Oval to Serve DeFi Protocols
Precisely, with Uma Oval, these DeFi protocols will be allowed to tap the value that emerges during Oracle updates via the OEV.
This particular OEV is a type of MEV created whenever protocols for a price update tease an oracle. Ordinarily, MEVs are involved in the extraction of value through the manipulation of transaction order in a block on the Ethereum (ETH) blockchain.
The operation of the MEV is usually completed with the use of automated bots. This MEV could be a product of either a lack of liquidity across several decentralized exchanges or from their front-running each other under certain market conditions. As captured by UMA, there is a type of MEV that is largely dedicated to oracles.
Lending protocols lose hundreds of millions of dollars to M
We współpracy z: https://coingape.com/breaking-uma-launches-oval-to-capture-oracle-locked-value/
