Elara Goes Live on Zircuit L2 with API3 Integration
Elara Goes Live on Zircuit L2 with API3 Integration
🚀 Lending Just Got Zesty
Elara, a lending protocol, has officially launched on Zircuit L2 mainnet, marking a significant milestone after successful testnet operations. The protocol leverages API3's Oracle Stack to deliver decentralized lending services.
Key Features:
- Unified lending experience
- Dynamic DeFi approach
- Powered by API3 oracle technology
This launch represents the evolution from testnet to full mainnet deployment, bringing advanced DeFi capabilities to the Zircuit L2 ecosystem.
OEV Network Revolutionizes Oracle Updates and L2 Performance
OEV (Oracle Extractable Value) Network is transforming how oracle updates and liquidations function on L2s: - Eliminates block-level spam during oracle updates and liquidations - Creates a controlled environment for update timing - Establishes an efficient market for oracle updates - Allows searchers to bid on valuable updates - Moves data competition off-chain, improving L2 performance The system replaces probabilistic arms races with definitive outcomes, addressing issues caused by limited data feed granularity. Searchers can now participate in an ongoing market rather than waiting for updates.
Compound Finance Explores Oracle Extractable Value Capture with Api3 Integration
Compound Finance is advancing its strategy to capture Oracle Extractable Value (OEV) through a new proposal to integrate Api3 across all Compound deployments. This follows earlier efforts with Oval integration, which identified up to $90M in potential OEV from Compound V2 & V3 protocols. - **Key Integration**: Proposed immediate Api3 implementation across all deployments - **Previous Initiative**: Earlier Oval integration aimed at OEV capture - **Potential Value**: Up to $90M identified in extractable value - **Technical Approach**: Leverages Flashbots MEV-share technology [View full proposal](https://www.dropbox.com/scl/fi/papr8bdy4y0q0wlxuz15t/Api3-Beyond-Data-Feeds.pdf)
Step by step
A steady progression continues as planned. The initiative maintains its forward momentum through systematic implementation of key milestones. Key developments: - Consistent advancement toward established objectives - Methodical execution of planned phases - Sustained progress in line with timeline The measured approach demonstrates commitment to thorough and deliberate progress rather than rushed deployment.
ETHPrague Conference to Address DeFi Value Recapture Through OEV
The upcoming ETHPrague conference (May 27-29) will feature discussions on Optimistic Execution Value (OEV) in DeFi protocols. The event aims to educate developers and protocol owners about: - Methods to recapture value currently being lost in DeFi operations - Implementation strategies for OEV integration - Revenue enhancement opportunities for protocols The conference follows a successful presentation at ETH Bratislava, where similar topics were explored. Attendees can find representatives for detailed discussions by looking for Api3-branded participants.
Oracle Migration Guide: Earn Rewards and Enhance Security
A new migration guide helps lending protocols transition from Chainlink to API3, offering multiple benefits: - Earn revenue through Oracle Extractable Value (OEV) Rewards - Enhance security with multi-oracle support - Seamless upgrade process that maintains system stability The guide comes as lending protocols increasingly recognize untapped revenue potential in oracle services. @MetisDevs workshop provides implementation support for protocols looking to upgrade their oracle infrastructure.