API3 Announces Strategic Funding Round and New Partnerships
API3 Announces Strategic Funding Round and New Partnerships
🚀 Big Moves, New Deals
API3, a decentralized oracle network, has secured a strategic funding round led by DWF Labs, positioning the company for further growth and innovation. Additionally, API3 has formed new partnerships with Sei Network, Build on Bob, and Metis L2, expanding its presence across various blockchain ecosystems. The company has also collaborated with Phuture Finance to integrate its oracle stack into the Trackr Finance Liquid Staking index. Furthermore, API3 has introduced new data feeds for spETH, MERL, and MANTA tokens, as well as supporting Linea Build Surge with data feeds for whitelisted tokens. API3 continues to engage with its community through Spaces events with XLayer and Metis L2, and a hands-on builder workshop focused on integrating price feeds into smart contracts.
YeiFinance Launches on Injective EVM with API3 Oracle Integration
**YeiFinance has officially launched on Injective EVM**, integrating API3's first-party oracles with OEV (Oracle Extractable Value) capabilities. - Builders can now access **real-time data feeds** through API3's oracle infrastructure - The integration provides **secure and transparent** data delivery directly from source - API3 served as a **launch partner** for Injective EVM mainnet This deployment enables developers to leverage advanced oracle functionality including OEV capture mechanisms. The partnership represents API3's continued expansion across EVM-compatible networks. Developers can access the data feeds at [market.api3.org/injective](http://market.api3.org/injective).
New DeFi Infrastructure Proposes Single Entity for Chain Money Markets
A new DeFi concept is emerging that could **simplify blockchain infrastructure** by consolidating multiple services into one entity. Currently, blockchain networks must interact separately with: - Lending protocols - Oracle services - Curator networks The proposed solution would allow chains to access **complete money market functionality** through a single provider with aligned incentives. This approach aims to reduce complexity while maintaining the **"skin in the game"** principle - ensuring the service provider has financial stake in successful outcomes. The concept addresses a key pain point in current DeFi architecture where fragmented services can create operational overhead and potential failure points. *Key benefit: Streamlined access to essential DeFi services without sacrificing decentralization principles.*
Morpho's OEV-Boosted Vaults Hit $30M in Deposits
**Morpho's OEV-Boosted Vaults** have reached over **$30 million in deposits**, focusing on sustainable yield generation through blue-chip collateral. Key features: - **Blue-chip collateral only** for reduced risk - **Liquidation incentive recapture** boosts returns - **Real yield** without unsustainable mechanisms The vault emphasizes **principal protection** over high-risk yield farming strategies. Growth from $20M+ in October shows steady adoption of the conservative approach. [Access the vault](https://app.morpho.org/ethereum/vault/0x68Aea7b82Df6CcdF76235D46445Ed83f85F845A3/oev-boosted-usdc)
RLP/USD Oracle Feed Goes Live on API3
**RLP token now has live price feeds** through API3 oracles, providing transparent multi-source pricing across 40+ blockchain networks. **Key details:** - RLP serves as the risk-bearing layer for USR stablecoin - Token holders earn yield by absorbing systemic risk - Available on [API3 Market](https://market.api3.org) This follows the earlier launch of RESOLV/USD feeds in July, expanding Resolv Labs' oracle infrastructure for their DeFi ecosystem.
Morpho Labs and Yearn Finance OEV-Boosted Vault Update
Morpho Labs and Yearn Finance continue their collaboration on OEV (Maximal Extractable Value) recapture through their joint vault initiative. The OEV-Boosted USDC vault has shown significant growth since its launch, surpassing $10M in deposits. Key points: - Partnership focuses on returning value to users - Vault specifically designed for USDC deposits - Plans include expansion to additional markets and chains - Aims to provide sustainable yield opportunities Visit [Morpho's OEV-Boosted Vault](https://app.morpho.org/ethereum/vault/0x68Aea7b82Df6CcdF76235D46445Ed83f85F845A3/oev-boosted-usdc) to learn more.