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Oval
  • Oval Overview
    • Problem
    • System Overview
  • Integration
    • Quickstart Deployment
    • Morpho Deployment
    • Advanced Deployment
  • Mechanism Details
    • Integration with MEV-Share
    • Mechanism Description
    • Trust Assumptions
    • Oval Update Lifecycle
    • Inclusion Rates
    • Revenue Sharing
  • Contract Architecture
    • Source Adapters
    • Destination Adapters
    • Integration Controllers
    • Oval
    • Gas Profiling
  • Technical Examples
    • Aave Integration
    • Flashbots Integration
  • For Searchers
    • Getting Started
    • Header Specifications
    • Oval Node
  • OEV Data
  • Oval Demo
  • Audit and Bug Bounty
  • Oval Deployments
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Oval Overview

Oval enables the capture of Oracle Extractable Value.

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Last updated 1 year ago

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Oval enables protocols to capture MEV that is created as a result of Chainlink price updates. We call this Oracle Extractable Value (OEV), and it is a subset of MEV. Money market protocols (like Compound or Aave) in particular create OEV during liquidations, and Oval allows those protocols to capture it. This benefits the protocol as well as disrupts the .

Note that Oval is not an oracle; rather, it is a tool that lets you wrap Chainlink to enable OEV auctions to run on top of it. This works by running auctions within Flashbot's MEV-share infrastructure.

This section of the docs covers how Oval works at a high level. See Problemand System Overview for more details.

MEV supply chain