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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Aave DAO Votes to Expand Its Use of Chainlink SVR to Cover Additional Markets
Chainlink announced via X on Monday that following a successful initial pilot, the Aave DAO has officially voted unanimously to expand its use of Chainlink SVR to cover additional markets. This increases SVR market coverage on Aave from ~3% to ~27% of the protocol's TVL on Ethereum.
SVR is a novel oracle solution that allows Aave to securely recapture oracle-related liquidation MEV, with the recaptured value split between Aave and Chainlink. During the pilot period, SVR operated without issue, successfully liquidating at-risk positions while ensuring zero bad-debt accrual for the Aave protocol.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 4.5% over the past 24 hours, trading at $16.26.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $214.32 per token, down 2.8% in the last 24 hours.