Sei-based Yei Finance has introduced a serious integration with OEV Community to carry contemporary alternatives in recaptured most extractable worth to customers.
OEV is a layer-2 answer that helps initiatives to recapture oracle extractable worth and return this to customers. In the meantime, Yei Finance is the biggest cash market platform on Sei (SEI).
With the OEV Community supercharging the info feeds on API3, integration with Yei means the Sei-based cash market platform can unlock new alternatives with recaptured MEV. API3 revealed the collaboration through X on Nov. 12.
“As the go-to lending platform on Sei, Yei Finance sets the standard in liquidity and capital efficiency for a wide range of assets. With OEV Network integrated with all our data feeds, Yei can start recapturing MEV – unlocking even more opportunities 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 shall be progress 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 up to now three months.
At the moment, it’s the biggest 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.
As compared, DeFi market’s largest lender Aave V3 has over $26 billion in TVL.
