Bittensor's Liquid Staking Token Now Available on API3 Market

API3 DAO continued development despite market conditions, delivering several key updates: - **New chain integration**: Robinhood Crypto support added - **Vault launch**: Purinta USDC Vault now live - **Morpho market**: CASHCAT/USDG market deployed - **Feature delivery**: Purinta platform enhancements shipped The team emphasized their commitment to consistent building regardless of market direction, maintaining focus on infrastructure development and ecosystem expansion.

API3 has evolved beyond traditional oracle provision to become a comprehensive DeFi infrastructure provider. The company now: - **Recaptures MEV/OEV** as active searchers in the market - **Curates vaults** on Morpho lending protocol - **Manages complete market operations** including asset pricing, market creation, and risk management Unlike competitors requiring coordination across multiple parties, API3 handles the entire stack internally. This vertical integration allows them to maintain control over data feeds, value extraction, and vault management without external dependencies. The company's Oracle Stack already serves builders across 37 chains with 160+ decentralized data feeds, combining first-party oracle data with built-in MEV recapture through [OEV Network](https://oevnetwork.com). Developers can access these services through the [API3 Market](http://market.api3.org), which provides data feeds for crypto assets, liquid staking tokens, and stablecoins.

API3 has developed an oracle system that changes how liquidation profits are distributed in DeFi markets. **How it works:** - When price movements trigger position liquidations, those updates generate value - Traditionally, this value goes to MEV searchers and block builders - API3's oracles capture this value and return it to the market itself **Current deployment:** - Over 200 data feeds available on the API3 Market - Integrated with OEV Network across 40+ chains - Provides real-time data access with value recapture built in This approach redirects profits that would normally leak out of protocols back to the platforms and their users, rather than being extracted by third parties.

A new 0% borrowing campaign is operating without token emissions, breaking from the typical DeFi playbook. **How it differs:** - Traditional campaigns print tokens as rewards - Farmers typically dump those tokens immediately - Rates rise again once emissions end **This approach:** - No new tokens are minted - The market sustains itself organically - Eliminates the boom-bust cycle of emission-based incentives This model addresses a recurring problem in DeFi where artificial incentives create temporary activity that evaporates when rewards stop flowing.

**Free borrowing opportunity on Morpho Labs** Traders can currently borrow USDC against wstETH at 0% net cost on Morpho Labs. While the base rate is 2.8% APR, live incentives fully cover the borrowing cost. **Key details:** - Market: wstETH/USDC on Morpho Labs - Base rate: 2.8% APR - Net rate after incentives: 0% - Campaign details: [Merkl opportunities](https://app.merkl.xyz/opportunities/ethereum/MORPHOBORROW/0x6d2FbA32B8649d92432D036c16aA80779034b746) - Market link: [Morpho market](https://app.morpho.org/ethereum/market/0x6d2fba32b8649d92432d036c16aa80779034b7469b63abc259b17678857f31c2/wsteth-usdc) The opportunity is OEV-boosted and powered by API3 DAO. The incentive program has a limited duration, so rates may change when the campaign ends.