API3DAO Joins Zircuit L2's Build to Earn Program

🤝 Earn While Building

By API3
Apr 8, 2024, 5:46 PM
twitter

API3DAO has announced its participation in Zircuit L2's Build to Earn program.​ This collaboration will provide developers on the Zircuit Layer 2 network with access to API3's oracle stack, enabling them to utilize over 160 data feeds, recapture oracle economic value (OEV), and access random numbers through the Quantum Random Number Generator (QRNG).​ API3DAO encourages developers to build with their services and get rewarded.​

Sources

We're excited to join @ZircuitL2's Build to Earn program! Developers on Zircuit will have access to API3's oracle stack to: ▲ Utilize +160 data feeds ▲ Recapture OEV ▲ Access random numbers through QRNG Build with us, get rewarded 🧐⬇️ build.zircuit.com/build/?ref=API…

Zircuit
Zircuit
@ZircuitL2

CHAPTER 4: Build to Earn BEGINS NOW! 👉 build.zircuit.com 📣 Calling all developers, builders, artists, and community founders! Contribute to the fast-growing Zircuit ecosystem and earn Points. Learn how to maximize your Zircuit Points...

Image
30
Reply
Read more about API3

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 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 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.