Yei Finance integrates OEV Network to recapture oracle extractable value

Sei-based Yei Finance has introduced a significant integration with OEV Community to deliver contemporary alternatives in recaptured most extractable worth to customers.

OEV is a layer-2 resolution that helps initiatives to recapture oracle extractable worth and return this to customers. In the meantime, Yei Finance is the most important cash market platform on Sei (SEI).

With the OEV Community supercharging the information feeds on API3, integration with Yei means the Sei-based cash market platform can unlock new alternatives with recaptured MEV. API3 revealed the collaboration by way of X on Nov. 12.

“Because the go-to lending platform on Sei, Yei Finance units the usual in liquidity and capital effectivity for a variety of belongings. With OEV Community built-in with all our information feeds, Yei can begin recapturing MEV – unlocking much more alternatives for innovation,” API3 wrote on X.

The collaboration will increase Sei’s blockchain lending and borrowing market, with customers capable of faucet right into a extra capital effectivity ecosystem. In addition to effectivity, key to the partnership will probably be development of the decentralized finance market, with Yei Finance’s rewards and incentives essential.

Yei Finance, a fork of Aave V3 (AAVE), launched its rewards program in June. The incentivization of lenders on Sei has seen it develop considerably previously three months.

At present, it’s the most important DeFi protocol inside the SEI ecosystem as its providing of yields on the native token SEI and stablecoins Tether (USDT) and USDC (USDC) attracts lenders.

In line with DeFiLlama, Yei’s complete worth is $338.6 million.  

Compared, DeFi market’s largest lender Aave V3 has over $26 billion in TVL.