Chainlink's Smart Value Recapture Generates $3.57 Million in Weekly Revenue From DeFi Liquidations
Chainlink's Smart Value Recapture, or SVR, generated $3.57 million in revenue in the past week by recapturing non-toxic maximal extractable value, or MEV, from DeFi loan liquidations across lending protocols including Aave, Compound, Venus and Morpho. Of that total, $2.3 million went to integrated DeFi protocols and $1.27 million to Chainlink, taking year-to-date SVR revenue to more than $12.43 million and lifetime revenue above $22.35 million.
SVR is designed to capture liquidation value that would otherwise go to Layer 1 validators and searchers during DeFi loan liquidations. On Aave, more than $212 million in liquidation volume has been processed since June 2, with $163 million routed through SVR, illustrating how recent volatility is driving use of the system across lending markets.
From the sources (3 posts)
@dj_link_web3Chainlink SVR revenue increasing! SVR generated $1 million in 24 hours. In May, SVR got an upgrade. Multiple orderflows in parallel are boosting higher recapture rates.
@stanikulechovAave Chainlink SVR quite substantial boost for Aave's revenue. In one week, Aave has earned more revenue than whole last month.
@chainlinkgodIn the past week, Chainlink SVR generated $3.57M in revenue by recapturing non-toxic liquidation MEV for lending protocols like Aave, Compound, Venus, and Morpho This revenue was split $2.3M to integrated DeFi protocols and $1.27M to Chain