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