Following the success of phases 1 and 2, the Aave DAO has officially voted with unanimous approval to enter phase 3 of its activation of Chainlink SVR.

Phase 3 expands Chainlink SVR's coverage to ~75% of Aave's total Ethereum TVS, which  represents ~95% of Aave’s OEV-relevant TVS, based on historical data.

With this expansion, SVR has the opportunity to capture a greater amount of MEV for the Aave and Chainlink ecosystems.

SVR is a novel oracle solution that allows Aave to securely recapture oracle-related liquidation MEV, with the recaptured value split between Aave and Chainlink.

Since launch, SVR has operated without issue, successfully liquidating at-risk positions while ensuring zero bad-debt accrual for the Aave protocol.

As part of Phase 3, SVR-activated markets now include all ETH-correlated assets (WETH, wstETH, weETH, etc.) and USDC.

Remaining assets will be considered in a follow-up vote due to their unique token mechanics or other considerations that require extra due diligence.

This expansion reflects a risk-adjusted approach to increasing Aave's usage of SVR, with the ultimate goal of having all Aave markets on @ethereum covered by SVR.

Thank you to @aave and @bgdlabs for their continued support in building a new economic primitive for DeFi.

Just use Chainlink.