DeFi by Design EP125: Onchain MEV in DeFi Lending Markets Explained
There is > $100M of value being extracted every single year from lending markets by MEV. This value is shared with Ethereum validators, yet makes a small difference in the staking yield... In today’s pod, we'll explore how UMA is planning to recapture this value and distribute it to a different set of users. We discuss how integrating MEV modules, particularly Oval, into different protocols can recapture tons of value. Oval focuses solely on MEV capture, running auctions that allow users to bid to back run lending market Oracle updates and redirect a significant portion of the MEV back to the…
The skinny
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