API3 Shuts Down OEV Auctioneer, Transitions to Partnered Searchers
API3 Shuts Down OEV Auctioneer, Transitions to Partnered Searchers
⚠️ OEV Auctioneer shutdown
API3 has officially shut down its OEV Auctioneer as part of a major transition in Oracle Extractable Value (OEV) capture mechanisms.
Key Changes:
- OEV recapture continues seamlessly through partnered searchers
- The OEV Auctioneer is no longer operational
- Integrated dApps maintain OEV capture functionality without disruption
⚠️ Critical Deadline: Searchers with bridged funds must withdraw by end of November. The entire OEV Network will be permanently shut down after this deadline.
The OEV Network is being deprecated as part of a broader transition in how OEV is captured. Integrated dApps will continue capturing OEV seamlessly through our partnered searchers. Please bridge out funds by end of November before the official shutdown. docs.api3.org/oev-searchers/…
🚨 Upcoming Changes to OEV Auctions 🚨 At the end of this month, a new mechanism for OEV auctions will be introduced. This upgrade is designed to significantly improve efficiency. Searchers currently partaking in OEV auctions should make sure to follow the announcement closely.
The transition to improved OEV recapture starts today. We've shut down the OEV Auctioneer, but OEV recapture continues seamlessly through our partnered searchers. ⚠️ Searchers with bridged funds must withdraw by end of November. Afterwhich, the OEV Network will be shut down.
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 - Emphasis on **real yield** over speculative gains The platform prioritizes principal protection, acknowledging that high yields are meaningless if users lose their initial investment. [Access the vault](https://app.morpho.org/ethereum/vault/0x68Aea7b82Df6CcdF76235D46445Ed83f85F845A3/oev-boosted-usdc)
🧾 OEV Rewards Hit $363K
**OEV rewards reached $363K in October**, marking a significant increase from September's $295K total. The **$70K monthly jump** represents value being returned directly to dApps that are reclaiming their Oracle Extractable Value (OEV). - October rewards: ~$363K - September comparison: $295K - Monthly increase: ~$70K **November has started strong**, suggesting continued growth in OEV reclamation activity across participating dApps. This upward trend indicates more applications are successfully capturing value that would otherwise be extracted by MEV bots and other third parties.
API3 Takes Stand Against High-Risk Yield Chasing in DeFi
**API3 distances itself from risky DeFi practices** as the industry sees dangerous trends emerge. - Projects are using **leveraged and partially unbacked structures** to chase unrealistic yields - Issuers, projects, and curators are taking **extreme risks** to meet yield expectations - API3 explicitly states they **refuse to follow this path** The statement highlights growing concerns about **unsustainable yield farming** practices in the DeFi space. Many protocols are compromising security and stability to offer attractive returns to users. API3's position suggests a **focus on sustainable practices** over short-term gains, potentially setting them apart from competitors willing to take on excessive risk.
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.