UMA launches Oval to help DeFi protocols capture ‘oracle extractable value

2024-1-24 19:56

UMA has unveiled Oval, a MEV capture solution that the platform says will help DeFi protocols monetize the value that comes with the use of Chainlink oracle data.

MEV relates to the maximum value one can extract from a block, doing things like transaction reordering and exclusion. Automated bots are increasingly deployed to get this value in the DeFi ecosystem.

While not a new oracle, Oval (the Oracle Value Aggregation Layer) allows users to tap into revenue streams around a type of MEV called Oracle Extractable Value (OEV). This kind of MEV is generated when DeFi protocols utilize an oracle’s price updates.

According to UMA, top DeFi protocols on Ethereum create OEV worth hundreds of millions of dollars every year. For instance, Aave and Compound have generated more than $100 million worth of oracle extractable value since their respective launches.

The value disappears within the MEV supply chain, not benefiting any of the protocols that create this kind of potential revenue.

“Oval redirects as much as 90% of OEV back to the protocol that created it. Revenue recaptured by Oval can make DeFi protocols and oracle infrastructure more sustainable,” UMA wrote in a blog.

Oval, developed in collaboration with Flashbots and integrates Chainlink Data Feeds. UMA launched Oval on the Ethereum mainnet.

UMA price defies BTC slump

UMA price rose sharply following today’s announcement, with UMA/USD reaching intraday highs of $6.95. UMA’s price skyrocketed last week, jumping from just above $2.01 to $6.22. The token slightly pared the gains to around $4.02 as the broader crypto market lull intensified over the weekend.

On Tuesday, as Bitcoin slumped below $40k to touch 2024 lows around $38,520, UMA defied the downturn to surge to its highest level since April 2022. Over $4 million in shorts were liquidated in 24 hours as the altcoin’s price rose.

UMA traded near $5.95 at the time of writing, about 14% up in the past 24 hours and 180% up in the past week.

The post UMA launches Oval to help DeFi protocols capture ‘oracle extractable value appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Circuits of Value (COVAL) на Currencies.ru

$ 0 (+0.00%)

Объем 24H $0

Изменеия 24h: 0.00 %, 7d: 0.00 %

Cегодня L: $0 - H: $0.0026038

Капитализация $0 Rank 99999

Цена в час новости $ 0.0016633 (-100%)

value mev capture uma oracle protocols help

303 +

Источник: invezz.com

value mev → Результатов: 36

Bitget Wallet Unveils Upgraded MEV Protection Feature As It Seeks To Deliver Superior On-chain Swap Experience

Bitget Wallet, formerly known as BitKeep Wallet, has now released an improved MEV (Maximum Extractable Value) security feature. Bitget Wallet seeks to address the widespread problem of MEV attacks throughout the Ethereum network by merging with research and development group Flashbots, providing users with a more convenient and secure on-chain trading experience. When doing on-chain […]

2023-11-3 19:42	Press Release
wallet on-chain bitget mev seeks experience feature

1021 +

Bitget Wallet strengthens MEV protection with Flashbots integration, delivering a superior on-chain swap experience

Victoria, Seychelles, November 2nd, 2023, Chainwire Formerly known as BitKeep Wallet, Bitget Wallet has now unveiled an upgraded MEV (Maximum Extractable Value) protection feature. By integrating with research and development organization Flashbots, Bitget Wallet aims to address the prevalent issue of MEV attacks across the Ethereum network, offering users a safer and more convenient on-chain […] The post Bitget Wallet strengthens MEV protection with Flashbots integration, delivering a superior on-chain swap experience appeared first on CoinJournal.

2023-11-2 13:32	Press Release
wallet mev bitget flashbots protection on-chain experience

239 +

Friend.tech Frenzy: MEV Bots Pocket Over $2 Million On Platform By Sniping “Keys”

Barely two weeks after going live on the Base network, Friend. tech has grabbed the attention of the cryptocurrency space. At the same time, the decentralized social media platform has gained interest from numerous maximal extractable value (MEV) bot deployers.

2023-8-25 05:00	#twitter
platform friend mev tech same time decentralized

204 +

Bots net $2M in profits on decentralized platform Friend.tech amid rising user activity

Maximal extractable value (MEV) bots on the decentralized social media application Friend. tech have profited more than $2 million from the platform. Dune analytics data, compiled by 21Co’s research analyst Tom Wan, showed that 121 automated bots successfully acquired more than 21,800 Keys, resulting in a profit of $2.

2023-8-24 16:00
bots friend tech platform decentralized tom wan

230 +

Bots Rake in Over $2 Million in Profits Sniping Friend.Tech Keys, Here’s How They Made Millions

According to recent data analyzed by crypto researcher @tomwanhh, so-called maximal extractable value (MEV) bots have been aggressively sniping Friend. Tech keys on the Ethereum blockchain and profiting heavily from the activity.

2023-8-24 12:41	Latest News
tech keys friend sniping bots maximal mev

215 +

Curve Debacle Triggers Transaction Frenzy, Sending Ethereum ‘MEV’ Rewards to Record High

On July 30, over 6,000 ETH ($11M worth) in so-called Maximal Extractable Value rewards were paid out to Ethereum validators, the most ever for a single day.

2023-8-1 20:43
rewards ethereum value paid extractable maximal so-called

142 +

Crypto Firms Raised $129M Last Week, Led by Flashbots

The startup, focused on maximal extractable value (MEV) in blockchain transactions, raised $60 million in funding.

2023-7-31 15:49	venture capital
raised mev value extractable maximal transactions funding

196 +

EU’s MiCA rules could prohibit MEV activities on Ethereum

Markets in Cryptoassets (MiCA) regulation might end up banning Maximal Extractable Value (MEV) activities in Europe once it takes effect

2023-7-30 16:37
mev activities mica extractable maximal banning value

653 +

Crypto Firm Flashbots Raises $60M in Paradigm-Led Round

The new capital will help develop the SUAVE decentralized platform for maximal extractable value (MEV).

2023-7-25 19:53
decentralized suave develop platform mev value extractable

149 +

UniswapX Upgrade Claims Gas-Free Swapping and MEV Protection, UNI Price Jumps

Uniswap has unveiled UniswapX, an open-source protocol for Dutch auction-based trading, aiming to enhance on-chain trading and self-custody swapping. The development is expected to offer benefits like better pricing, gas-free swapping, and protection against Maximal Extractable Value.

2023-7-18 08:52
swapping uniswapx protection trading gas-free development self-custody

209 +

Multicoin Leads $2.3M FastLane VC Deal, Continuing Its Bet on MEV Infrastructure

The crypto-focused investment firm has now backed three projects centered around maximal extractable value (MEV), a way for validators to earn extra money from traders.

2023-5-24 17:00
mev extractable value maximal around three projects

63 +

Торговый бот зарабатывает миллионы, используя “сэндвич-атаки”

Лучшим днем для анонимного бота MEV стало 18 апреля, когда он заработал около $950 000. Анонимный оператор бота Maximal Extractable Value (MEV) заработал на этой неделе более 1 миллиона долларов, совершая “сэндвич-атаки” на покупателей и продавцов двух новых монет-мемов.

2023-4-20 12:49	#twitter
mev заработал сэндвич-атаки бота новых этой неделе

117 +

Crypto community criticizes Tether for blacklisting wallet that drained $20M from MEV bots

Several crypto stakeholders have criticized USDT issuer Tether for blacklisting a validator address that drained $25 million from maximal extractable value (MEV) bots. The MEV bots were drained of over $20 million on April 3 while executing a sandwich trade.

2023-4-12 17:16	USDT
bots drained mev crypto million blacklisting tether

249 +

Ethereum projects launch MEV Blocker to protect users from high prices: Finance Redefined

The top 100 DeFi tokens had a mixed week in terms of price action, with the total value locked in DeFi protocols maintaining above $50 billion.

2023-4-8 23:20	Binance
defi action price terms week total above

123 +

CoW Swap, Balancer, 1inch, and Other Ethereum Projects Unite to Shield Network From MEV

Ethereum-based projects have come together to provide protection against maximal extractable value (MEV) attacks. The post CoW Swap, Balancer, 1inch, and Other Ethereum Projects Unite to Shield Network From MEV appeared first on BeInCrypto.

2023-4-6 22:29	Blockchain News
mev projects unite cow network shield ethereum

191 +

Ethereum Network Under Siege: Verifier Steals Millions From MEV Bots

As Ethereum (ETH) prepares for its highly-anticipated upgrade, now known as “Shapella,” the network has faced a new challenge in the form of malicious attacks on Miner Extractable Value (MEV) bots transactions.

2023-4-4 20:30	ETHUSDT
bots ethereum mev network challenge new transactions

212 +

Ethereum MEV Bot Gets Attacked for $20M as Validator Strikes Back

One of the major Ethereum MEV (maximal extractable value) bots has been targeted in an attack, allegedly by an Ethereum validator.

2023-4-3 13:56
ethereum validator mev bots value extractable targeted

207 +

Ethereum Bot Gets Attacked for $20M as Validator Strikes Back

One of the major Ethereum MEV (maximal extractable value) bots has been targeted in an attack, allegedly by an Ethereum validator.

2023-4-4 13:56
ethereum validator bots value extractable targeted allegedly

89 +

Flashbots Proposes New Class of ‘Matchmakers’ to Share MEV Gains With Ethereum Users

The new protocol known as "MEV-Share" would distribute the gains from "maximal extractable value" to users of the Ethereum blockchain in addition to validators and block builders. According to the Flashbots team, it's an early implementation of the SUAVE blockchain.

2023-2-17 21:12	transactions
users gains flashbots blockchain ethereum new validators

93 +

51% of Ethereum Node Validators Can Censor Your Transactions

Ethereum Maximum Extractable Value (MEV) boost-relays compliant with the U.S. Office of Foreign Assets Control (OFAC) rules. The post 51% of Ethereum Node Validators Can Censor Your Transactions appeared first on BeInCrypto.

2022-10-16 20:30	ethereum
ethereum transactions your censor node validators rules

154 +

U.S. Sanctions Are Met by at Least 23% Of Ethereum Blocks

Around 23% of the blocks in Ethereum are currently in compliance with U.S. sanctions because of the use of Flash bots. Toni Wahrsttter, an Ethereum researcher, has published a research showing that the maximum extractable value (MEV) operator Flashbots is…

2022-9-29 12:15
ethereum blocks sanctions published research maximum showing

223 +

This MEV bot gained and lost over $1M in 1 hour

A Maximal Extractable Value (MEV) bot 0xbaDc0dE lost over $1 million after a hacker exploited a flaw in its code. The post This MEV bot gained and lost over $1M in 1 hour appeared first on CryptoSlate.

2022-9-28 21:13
lost bot mev hour gained code cryptoslate

197 +

How ‘the Merge’ Will Change the Weird World of Ethereum Mempools

Miner extracted value, MEV, is an expensive problem caused by Ethereum’s trustless architecture. A version is likely to occur even after the Merge turns off mining.

2022-8-20 20:56	Layer 2
ethereum merge version likely architecture trustless occur

179 +

MEV Is Coming To Bitcoin And It Will Change Mining Profitability

Mainstream financial audiences are now paying attention to miner extractable value (MEV), and bitcoin investors should too.

2022-6-25 17:38	bitcoin mining
mev bitcoin attention paying miner investors too

167 +

Regulators need to determine whether miner extractable value is illegal, BIS report says

A new research paper published by the Bank for International Settlements has equated miner extractable value (MEV) to illegal activities in traditional markets like front-running and sandwich trades.

2022-6-18 20:00	Mining
extractable value miner illegal mev activities equated

204 +

Bank For International Settlements Explains MEV & Ethereum Market Manipulation

The “miner extractable value” or MEV and its effects are one of the industry’s open secrets. And the Bank for International Settlements recently put out a document titled “Miners as intermediaries: extractable value and market manipulation in crypto and DeFi” to explain the phenomenon and the risks it implies. In it, they define MEV “as […]

2022-6-17 08:28
mev value extractable international manipulation settlements market

269 +

Interview With Aleph Zero On The MEV Problem That Could Cost Ethereum Users $1 Trillion In Losses

The Ethereum network remains to this day one of the most active and innovative blockchains in the crypto space. Onboarding thousands of users since its inception, Ethereum is the king of DeFi and some of the hottest trends in this industry with billions in total value locked (TVL).

2021-12-27 19:06	Interview
ethereum users inception onboarding space thousands king

242 +

How ‘Flashbots’ fighting MEV extraction help the Ethereum network

Flashbots, a research and development organization backed by Paradigm, is focused on fighting the downside of current miner extractable value (MEV) extraction strategies. The post How ‘Flashbots’ fighting MEV extraction help the Ethereum network appeared first on CryptoSlate.

2021-6-12 01:00	ethusd
extraction flashbots mev fighting network ethereum help

217 +

Automata Network Creates a Conveyor to Prevent Miner Extractable Value (MEV) Issues

Digital ecosystems have evolved significantly since the inception of cryptocurrencies. Today, crypto users can interact with a wide range of Decentralized Finance (DeFi) products across multiple blockchain ecosystems.

2021-6-6 13:02	Crypto Cable
ecosystems interact users cryptocurrencies today crypto range

221 +

Balancer (BAL), Gnosis, Join Forces to Launch New DeFi Protocol

Balancer (BAL) and Gnosis have come together to launch the Balancer-Gnosis-Protocol (BGP). The team says the new protocol combines the strengths of both protocols, offering users a capital-efficient decentralized exchange (DEX) that protects them from Miner Extractable Value (MEV) manipulation, according to a blog post on April 28, 2021.

2021-4-30 21:00
bal protocol balancer new launch gnosis extractable

296 +

Аналитик назвал три проекта, которые помогут решить проблемы сети Ethereum

Криптоаналитик Тайлер Своуп назвал три проекта, которые пытаются решить важные проблемы, мешающие работать сети Ethereum Стратегия Miner extractable value (MEV) — горячая тема среди разработчиков Ethereum.

2021-4-23 11:53	ethereum
ethereum решить проблемы сети назвал три проекта

335 +

Ethermine Helping Miners Mitigate EIP-1559 Revenue Loss with MEV Software

Ethermine has announced the launch of its Maximal Extracted Value (MEV) beta program. The mining pool claims MEV will enable its miners to make more profits and cushion the effect of the impending EIP-1559, which is designed to slash miner rewards, according to a tweet on March 17, 2021.

2021-3-19 13:00	Ether
mev ethermine miners eip-1559 designed impending cushion

228 +

Ethereum mining pool launches MEV Beta program with an eye on EIP-1559

The world’s largest Ethereum mining pool, Ethermine introduced the Miner Extracted Value [MEV] strategy aimed at compensating miners for the activation of the controversial EIP-1559. The mining poolThe post Ethereum mining pool launches MEV Beta program with an eye on EIP-1559 appeared first on AMBCrypto.

2021-3-19 11:52	News
mining ethereum eip-1559 mev pool launches beta

264 +

Майнинговый пул Ethermine добавил поддержку стратегии арбитража MEV

Майнинговый пул Эфириума Ethermine внедрил стратегию арбитража Miner Extracted Value (MEV), которая позволит майнерам компенсировать снижение прибыли после внедрения системы «сожжения комиссий».

2021-3-18 12:30	Альткоин
майнинговый mev ethermine пул арбитража компенсировать майнерам

173 +

Пул Ethermine разработал решение для поддержки доходов после EIP-1559

Оператор майнинг-пула Ethermine, компания Bitfly, запустил в бета-версии ПО для реализации стратегии арбитража Maximal Extracted Value (MEV). Оно предполагает компенсацию майнерам после активации EIP-1559.

2021-3-18 10:27
eip-1559 ethermine value extracted maximal стратегии арбитража

201 +

2024-1-24 19:56

value mev → Результатов: 36

2023-11-3 19:42

2023-11-2 13:32

2023-8-25 05:00

2023-8-24 16:00

2023-8-24 12:41

2023-8-1 20:43

2023-7-31 15:49

2023-7-30 16:37

2023-7-25 19:53

2023-7-18 08:52

2023-5-24 17:00

2023-4-20 12:49

2023-4-12 17:16

2023-4-8 23:20

2023-4-6 22:29

2023-4-4 20:30

2023-4-3 13:56

2023-4-4 13:56

2023-2-17 21:12

2022-10-16 20:30

2022-9-29 12:15

2022-9-28 21:13

2022-8-20 20:56

2022-6-25 17:38

2022-6-18 20:00

2022-6-17 08:28

2021-12-27 19:06

2021-6-12 01:00

2021-6-6 13:02

2021-4-30 21:00

2021-4-23 11:53

2021-3-19 13:00

2021-3-19 11:52

2021-3-18 12:30

2021-3-18 10:27

Партнеры Currencies.ru

Реклама на Currencies.ru

Add news: propose for publication, Submit ICO