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Bankless

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

Feb 13, 2024
01:09:51
Snipd AI
Hart Lambur introduces Oval, a new DeFi primitive for efficient liquidations in lending markets. They discuss the inefficiencies of current liquidations and MEV share from Flashbots. Other topics include MEV impact on DeFi, Oval mechanism, adoption, Uniswap v4, and future implications.
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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.

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