UMA, an Ethereum-based oracle protocol, has launched Oval, a new tool designed to improve decentralised finance protocols.

This innovative solution alters how protocols handle oracle-based MEV, elevating efficacy and fairness in the distribution of Ethereum's blockchain profits.

The central goal of Oval's launch is to redistribute gains back to DeFi protocols.

Offering a fresh approach, the novel product aims to significantly optimise the use of oracle data.