With OEV Share nearing launch, it's time to highlight the benefits for dApps using oracles.
04 Dec 2023, 23:18
With OEV Share nearing launch, it's time to highlight the benefits for dApps using oracles.
Today, a user was liquidated for $204k $TUSD (~90.26 $ETH) on @aave V2 to cover 82.25 $ETH (~$186k) of debt.
That a discrepancy of roughly $18k or 8 ETH.
Where did those funds go?
🧵1/7
Same news in other sources
204 Dec 2023, 23:18
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Todays example is a single liquidation, on a single market.
In the following weeks we'll follow up with more examples and an overview of how much value has been lost in recent years.
(Hint: It's a lot)
Todays example is a single liquidation, on a single market.
7/
Todays example is a single liquidation, on a single market.
In the following weeks we'll follow up with more examples and an overview of how much value has been lost in recent years.
(Hint: It's a lot)
04 Dec 2023, 23:18
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OEV Share will allow dApps to reduce the value lost to liquidation incentives by creating auctions for rights to liquidations to take place where they are initiated- at the oracle layer.
As the beneficiary of these auctions dApps would recoup most of the value currently lost.
OEV Share will allow dApps to reduce the value lost to liquidation incentives by creating auctions for rights to liquidations to
6/
OEV Share will allow dApps to reduce the value lost to liquidation incentives by creating auctions for rights to liquidations to take place where they are initiated- at the oracle layer.
As the beneficiary of these auctions dApps would recoup most of the value currently lost.