The first update on Chainlink SVR has been posted on the @aave governance forum https://governance.aave.com/t/arfc-aave-chainlink-svr-v1-phase-1-activation/21247/20 TL;DR below ⬇️ - Aave integrated Chainlink SVR on March 29 for their Aave V3 Ethereum deployment to recapture liquidation MEV - Aave started with a few smaller markets as a pilot period to validate the security and reliability of SVR, before expanding to larger markets (e.g., ETH) - Initial SVR-activated markets include LBTC, tBTC, AAVE, and LINK, which collectively account for ~5% of the OEV opportunity on Aave V3 - Amid market volatility, SVR successfully processed liquidations for Aave V3 without any technical issues or bad debt accrual for the Aave protocol (no increase in risk) - With this validation of SVR’s security and reliability, Chainlink is now shifting focus to improving the long-term recapture rates and onboarding more searchers - In its first week of integration, for the initial Aave pilot markets, SVR processed 31 liquidations and recaptured ~16,350 (~9.5 ETH), with 65% of that sent to the Aave DAO per the fee-split agreement - A recommendation is provided for Aave to onboard more markets to SVR to increase the profit opportunity and attract more searchers - An open-source, SVR-compatible searcher bot is also being created that anyone can run to participate in SVR auctions