Elara Labs Goes Live on Zircuit L2 Testnet
Elara Labs Goes Live on Zircuit L2 Testnet
🚀 Lending on Zircuit: What's next?
Elara Labs has launched on Zircuit L2 testnet, leveraging API3's Oracle Stack for their lending protocol. This integration offers a unified and dynamic approach to DeFi on Zircuit.
Key points:
- Elara uses API3 Oracle Stack for their lending protocol
- Currently live on Zircuit L2 testnet
- Mainnet launch anticipated soon
API3's Oracle Stack on Zircuit L2 provides:
- 160+ decentralized data feeds (dAPIs)
- OEV Network for MEV recapture
- Seamless dApp deployment
Explore Elara's lending experience now and stay tuned for their mainnet launch!
Our friends at @ElaraLabs are live on @ZircuitL2 testnet! 🎉 Elara is leveraging the API3 Oracle Stack to power their lending protocol, offering a unified & dynamic approach to DeFi on Zircuit. Start exploring their lending experience—we're excited to see them go live on
Elara is now live on the Zircuit Testnet! #Elara is an innovative lending protocol on Zircuit, designed to optimize capital efficiency, asset variety, and security. We have prepared the Special Badge and Cash Reward for #Elara joiners. 🎁 #Elara #Lending #Zircuit #Testnet
OEV Network Cuts Arbitrum Auction Times in Half
**OEV Network is reducing auction lengths on Arbitrum from 30 seconds to 15 seconds**, scheduled for Monday, September 8 at 10:00 UTC. The network has maintained **100% uptime over 9+ months** with more than 1,500 auctions completed. The upgrade aims to speed up the auction process while maintaining system reliability. - Auction time: 30s → 15s - Target date: Sept 8, 10:00 UTC - Expected minimal downtime - Updates via OEV Discord Channel OEV Network allows MEV searchers to bid for valuable price updates, with auction proceeds returning to the originating dApps.
API3 Pauses Services on Two Networks Due to Technical Issues
**API3 announces service changes** affecting two major networks: - **Polygon zkEVM Mainnet Beta** will be discontinued by Polygon due to technical challenges and strategic shifts - **Kava Chain** feed maintenance will be paused until demand increases **Action Required:** Developers must **update their integrations by September 11, 2025** to avoid service disruptions. This follows Polygon's previous servicing updates aimed at improving network performance and stability. The zkEVM beta shutdown represents a significant shift in Polygon's technical strategy. *Builders should review their current integrations and plan migration strategies accordingly.*
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.
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.