Hasu & Hart on Oval & The Recapturing of Billions in DeFi Liquidations
Inside the episode
Today on the show, we’re talking about Oval, a new DeFi primitive that Hart Lambur from UMA is introducing to the world of DeFi’s biggest lending markets. Billions of dollars have been liquidated from protocols like Aave, Compound, and MakerDAO over the years, and these liquidations have been extremely inefficiently priced, due to reasons! Reasons that we will discuss here on the show today.
Hasu also joins us on this conversation today to discuss the way that MEV share from Flashbots is a part of this conversation, and he helps illuminate what this means for DeFi going forward as a whole.
TIMESTAMPS
0:00 Intro
7:15 MEV & Oracle Foundations
11:19 Why Solving MEV is Important
21:16 High-Level Patterns
28:19 The Oval Mechanism
42:23 MEV Share Parameters
48:36 Decentralization of the MEV Share
54:30 Auction Length
56:08 Oval B/D Adoption
58:05 Uniswap v4
1:02:31 Oval Cut Upside
1:05:45 Future Questions to be Answered
1:08:42 Closing & Disclaimers
RESOURCES
What is SUAVE? FlashBots Phil Daian and Andrew Miller explain
https://youtu.be/j3ZM2ZdUWXU
Oval
https://uma.xyz/
https://twitter.com/UMAprotocol
Hart
https://twitter.com/hal2001
Hasu
https://twitter.com/hasufl