Yei Finance, something that’s widely renowned as the largest money market on Sei blockchain has finally combined with OEV Network with the aim of enhancing their recaptured maximum extractable value (MEV) for its loyal users. This collaboration will surely leverage OEV’s layer-2 solution, which primarily focuses on capturing oracle extractable value which benefits users with improved data feeds and capital efficiency.
Enhancing Liquidity and Innovation on Sei
Yei Finance mainly partnered with OEV Network because OEV Network combined with AP13 powered data feeds helps to recapture MEV, unlock new growth and liquidity for the platform. AP13 recently stated the collaboration on Nov.12, focusing on the point that Yei Finance’s partnership will enable the Sei lending platform to offer expanded liquidity options and capital efficiency across various assets.
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Supporting Growth in Decentralized Finance
This collaboration makes strengthens Sei’s Defi market by improving lending and borrowing effectiveness and efficiency. Yei Finance is based on Aave V3 framework, provides and makes lenders happy with reward program launched in June. It’s Total Value Locked (TVL) has seen significant growth lately, so much so that it managed to reach $338.6 million, as per the information given by DeFiLlama. In comparison to others, Aave V3 still remains one of the largest DeFi lender with TVL exceeding $26 billion which is a huge amount. Highlighting Yei’s rapid and drastic growth within Sei ecosystem.
By making fair use of OEV Network’s capacities, Yei Finance seeks to pull more users and enhance Sei’s DeFi ecosystem.
