Bankless cover image

Bankless

Hasu & Hart on Oval & The Recapturing of Billions in DeFi Liquidations

Feb 13, 2024
In this insightful discussion, Hasu, Strategy Lead at Flashbots, and Hart Lambur, Founder and CEO of UMA, dive deep into Oval, an innovative DeFi primitive aimed at revolutionizing liquidations. They address the inefficiencies in liquidation pricing that have cost billions and explore how maximally extractable value (MEV) can benefit users rather than just bots. The conversation also sheds light on auction mechanisms, decentralized finance's future, and the critical balance between efficiency and sustainability in DeFi.
01:09:51

Podcast summary created with Snipd AI

Quick takeaways

  • MEV share resolves the inefficiencies and centralization risks associated with MEV in the DeFi ecosystem, improving market efficiency and reducing value leakage.
  • Oval ensures that captured MEV is not lost to arbitrageurs or validators, promoting a more decentralized financial ecosystem and prioritizing transparency, audibility, and trust.

Deep dives

The MEV share protocol enables order flow auctions to address MEV leakage

MEV share is an order flow auction protocol that allows applications to capture and distribute MEV. It introduces the MEV share node, which conducts order flow auctions to match searchers' bids with users' transactions. The protocol allows customization of privacy levels and distribution of surplus value. MEV share resolves the inefficiencies and centralization risks associated with MEV in the DeFi ecosystem, improving market efficiency and reducing value leakage.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode