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Chainlink Introduces SVR to Combat MEV in DeFi, LINK Sees Mixed Reactions

  • Chainlink launched Smart Value Recapture (SVR) to combat Maximal Extractable Value (MEV) in DeFi.
  • SVR allows lending protocols to recapture value lost during liquidation events using enhanced price feeds.
  • 60% of the captured value is allocated to DeFi protocols and 40% to Chainlink, with Aave having an exclusive launch arrangement of 65% for the first six months.
  • The launch of SVR caused LINK price (Chainlink's native crypto) to rise by 9% and AAVE price (Aave's native token) to increase by more than 15%.

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