Thanks Raoul for the update. These are very promising numbers 
@bgdlabs - will you be able to share the end to end cost of this integration (including audits etc) or pls point me to the post if it is already shared. Ty
1 Like
Thanks for the update @RaoulSchipper-CLL - these are indeed very promising numbers! It’s obviously tough to balance a phased, safe rollout with the significant revenue opportunity from SVR. If the assumptions that recapture rate will increase once we expand the markets that SVR operates on, combined with the fact that 6.167 ETH was captured from 4 markets only representing 5% of addressable OEV on Aave v3 Ethereum, the revenue opportunity seems pretty substantial.
2 Likes
Hello everyone, Raoul from Chainlink Labs. This week, due to calm markets, there were very few liquidations on the markets where SVR is enabled, which is reflected in the following recapture numbers. We expect these numbers to continue fluctuating based on market volatility but drift higher over time as additional searchers join and more markets are covered by SVR. As part of our searcher onboarding effort, we have revamped our searcher documentation, including new code snippets, and are continuing other onboarding activities.
For the period of this past week (April 8, 2025 - April 14, 2025), Chainlink Labs transferred 0.058 ETH to the Aave DAO, representing 65% of the recaptured OEV for this period, per the agreed-upon SVR fee split. During this period, 5 liquidations occurred on the SVR-activated markets of which 4 liquidations in 4 backruns went through SVR. ~$1,740 USD equivalent was paid in total liquidation bonuses on liquidations on the SVR-activated markets, of which ~$644 was paid to searchers on the liquidations that went through SVR, making the recapture chance 37.03%. Of the liquidation bonus paid to SVR searchers, ~$136 was recaptured in ETH equivalent at the time of the recapture, making the recapture rate 21.19%.
2 Likes
Hey guys, I was struggling to find real time data on this so I threw a very basic dashboard together to track flows from the chainlink gnosis safe
https://dune.com/pull/chainlink-svr
In the, roughly, 3 weeks that SVR has been live a total of $16,655 has been collected with $5,829 going to chainlink and $10,826 to aave assuming the 65% split. You can also see transfers to the aave fee collector wallet.
In the spirit of dont trust, verify - i hope this can be useful for others 
7 Likes
This is very helpful. Thank you
Great job with the updates, @RaoulSchipper-CLL. We are pleased to see the revenue generated from just 5% of OEV on Aave. The continued searcher outreach is also an excellent strategy to ensure this system continues to function better than intended.
For those looking to track granular insights into SVR liquidation performance, OEV recapture, and revenue distribution, we have launched our SVR Monitoring Platform.
For a detailed walkthrough of the dashboard, check out this overview. We encourage the Aave community to explore the platform, track its evolution, and share feedback.
2 Likes
@bgdlabs - any challenges sharing this info or point us to the right place where it is already available?
Hello everyone, Raoul from Chainlink Labs. This past week we saw low volatility in the crypto market, resulting in minimal liquidations across all Aave markets, including those with SVR enabled. Since liquidation OEV on Aave is only generated when liquidations occur, typically during market downturns, there was little to no OEV activity to recapture.
For the period of this past week (April 15, 2025 - April 21, 2025), Chainlink Labs transferred 0.00006 ETH to the Aave DAO, representing 65% of the recaptured OEV for this period, per the agreed-upon SVR fee split. During this period, 5 liquidations occurred on the SVR-activated markets of which 1 liquidation in 1 backruns went through SVR. ~$20 USD equivalent was paid in total liquidation bonuses on liquidations on the SVR-activated markets, of which ~$3 was paid to searchers on the liquidations that went through SVR, making the recapture chance 15.16%. Of the liquidation bonus paid to SVR searchers, ~$0.14 was recaptured in ETH equivalent at the time of the recapture, making the recapture rate 5%. This was likely because the liquidations were highly unprofitable for the searchers so little space was left over for tipping SVR.
1 Like
Hello @0xmonk. For projects like this is not really straightforward to share a comprehensive integration cost, as it involves multiple parties, some with an open scope on the DAO like us BGD or risk providers, others completely external like Chainlink, for which aside from cost is an investment in infrastructure and partnerships.
1 Like
For visibility, we have published the following phase of Aave <> Chainlink SVR activation, expanding the set of assets under SVR [Direct-to-AIP] Aave <> Chainlink SVR v1 activation. Phase 2
1 Like
Hello everyone, Raoul from Chainlink Labs. These past two weeks, due to low market volatility, there were very few liquidations on SVR-activated markets, which is reflected in the fact that no OEV recapture events occurred. This is expected behavior for SVR during low volatility when liquidations are infrequent and small, and thereby minimally profitable for searchers. Over the past two weeks there have been 4 liquidations on SVR-activated markets of which 3 paid out less than $15 in liquidation bonus.
Additional updates on Chainlink SVR:
- @bgdlabs published a proposal to activate additional SVR feeds on Aave Ethereum, which would increase SVR coverage from ~5% to ~28% of Aave’s TVL on Ethereum. The Aave <> Chainlink SVR Phase 2 activation vote will start on May 8.
- We have continued to onboard additional searchers to SVR, including another major market maker, to increase recapture rates. The activation of SVR on more markets will make SVR more attractive to integrate by searchers.
- The open-source SVR-compatible searcher bot is in the testing stages of development.
2 Likes