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%.