A liquidation does not begin when the price moves. It begins when somebody tells the chain that the price moved. Everything lives inside that gap. The industry has a name for the money that falls into it, oracle extractable value, and there is now a whole product category built to claw back a slice of it for the protocols it is taken from. Pantera’s investment memo on @RialoHQ names that leak directly as the problem it funded the chain to close. Chainlink’s own study of Aave v2 and v3 liquidations across 2024 found the top ten percent of liquidations carry eighty to ninety percent of the volume. This leak is not spread thin across quiet weeks. It concentrates precisely on the days that already hurt. Rialo’s answer is to delete the gap rather than auction it. The chain makes the web call itself, the condition rides inside the transaction, and validators evaluate it every block until it turns true, at which point it executes. No publisher to race, no keeper to pay, no window to sell. That is the design on paper. It still has to survive a live market, and getting a few hundred validators to agree on a number each of them fetched from the outside world is genuinely hard, harder still when the network is loaded. Worth noticing what everyone else is building though. Not a chain without the gap. A better auction for it.