Yesterday’s turbulent market conditions led to a staggering $350 million in Ethereum DeFi protocol liquidations, marking a record high. Of this total, approximately $20 million was siphoned off by MEV (Miner Extractable Value) robots. In response to these challenges, API3’s Oracle Extractable Value (OEV) network presents a promising solution. The OEV solution enables lending protocols to recapture value lost to MEV robots, potentially reclaiming a significant portion of the $20 million that would otherwise be lost. This mechanism could substantially boost the earnings of lending agreements by preventing value extraction during extreme market conditions. API3 stands out for its proactive
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