Sei-based Yei Finance has introduced a significant integration with OEV Community to supply customers new alternatives in recapturing most recoverable worth.
OEV is a layer 2 answer that helps initiatives recapture Oracle extractable worth and return it to customers. In the meantime, Yei Finance is the most important cash market platform on Sei (SEI).
With the OEV Community boosting information feeds on API3, integration with Yei means the Sei-based cash market platform can unlock new alternatives with recaptured MEV. API3 introduced the collaboration on November 12 through X.
“Because the lending platform on Sei, Yei Finance units the usual in liquidity and capital effectivity throughout a variety of property. Now that OEV Community is built-in with all our information feeds, Yei can start recapturing MEV, unlocking much more alternatives for innovation,” API3 wrote on X.
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The partnership will enhance Sei’s blockchain lending market, with customers benefiting from an ecosystem with better capital effectivity. Along with effectivity, the expansion of the decentralized finance market will probably be key to the partnership, with Yei Finance’s rewards and incentives being essential.
Yei Finance, an offshoot of Aave V3 (AAVE), launched its rewards program in June. The stimulus from lenders on Sei has brought on it to extend considerably up to now three months.
Presently, it’s the largest DeFi protocol inside the SEI ecosystem as providing returns on the native token SEI and stablecoins Tether (USDT) and USDC (USDC) entice lenders.
In accordance with DeFiLlama, Yei’s whole price is $338.6 million.
By comparability, Aave V3, the most important lender within the DeFi market, has over $26 billion in TVL.
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