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Aave DAO Unanimously Approves Phase 3 of Chainlink SVR Expansion on Ethereum

  • 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.

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