By all reasonable measures, the Aave / Chainlink SVR partnership has been incredibly successful for the (2) markets. As of writing, the system has received $14,693,504.94 in Liquidation Bonuses (of which $8,181,324.21 flowed to Aave), these are meaningful amounts of value for an experimental revenue driver that is less than (6) months old.
Many of us in the community (as evidenced by frequent X discussion) would like to see SVR expanded to additional Aave markets in order to drive even greater revenue back to Aave. What is the current timeline for rolling out such an expansion? Plasma, Base and Arbitrum would seem to be the next logical candidate markets for an expanded roll out of SVR.
Appreciate any insights that frens may have on this matter.
Hi thank you for your proposal.
But please keep in mind that there is a fixed format the DAO uses for a proposal. You can find it pinned on the landing page or simply take a look at other proposal.
In addition, the DAO is always expanding SVR where ever it is possible. This is being done by Bgdlabs and Chainlink together. It’s happening gradually and where it makes most sense. As it is a rather technical proposal I do think the elected technical SP, in this case BGDLABS should take care of this.
Hey Need4need.
Thanks a lot for the interest and the proposal. We are rapidly expanding SVR coverage to more chains with Arbitrum and Base already being live.
In Q1 and Q2 we expect to add up to a dozen more chains for SVR. We are collaborating closely with BGD to support an expansion to to those chains as well as continuously improve the recapture rates on the L1. Expect more soon.