Sei-based Yei Finance has announced a major integration with OEV Network to bring fresh opportunities in recaptured maximum extractable value to users.
Layer-2 solution OEV Network has integrated with Yei Finance, the largest money market platform on Sei (SEI), to enable the recapture of oracle extractable value for users.
OEV Network’s layer-2 solution helps projects to recapture oracle extractable value and return this to users.
Meanwhile, Yei Finance is a fork of Aave V3 (AAVE) that launched its rewards program in June. The incentivization of lenders on Sei has seen it grow significantly in the past three months. Currently, it’s the largest DeFi protocol within the SEI ecosystem.
The integration of OEV Network with API3 data feeds will enable Yei Finance to start recapturing maximum extractable value, unlocking further opportunities for innovation on Sei.
API3 announced the collaboration via X on Nov. 12.
“As the go-to lending platform on Sei, Yei Finance sets the standard in liquidity and capital efficiency for a wide range of assets. With OEV Network integrated with all our data feeds, Yei can start recapturing MEV – unlocking even more opportunities for innovation,” API3 wrote on X.
The collaboration will boost Sei’s blockchain lending and borrowing market, with users able to tap into a more capital efficiency ecosystem.
As well as efficiency, key to the partnership will be growth of the decentralized finance market, with Yei Finance’s rewards and incentives crucial.
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