Aave DAO has unanimously approved entering phase 3 of Chainlink SVR activation on Ethereum, expanding oracle feeds to assets like wstETH, cbETH, rsETH, osETH, ETHx, and rETH.
Smart Value Recapture (SVR) by Chainlink aims to capture and redistribute Oracle-Extractable Value, improving DeFi protocol efficiency.
The swift voting timeline for phase 3 saw unanimous approval, with coverage expanding to ~75% of Aave's total Ethereum TVL.
Phases 1 and 2 validated SVR mechanics by targeting high-liquidity assets, stablecoins, and diverse tokens across Ethereum and Avalanche networks.