Frax Finance Announces North Star Hard Fork: FXS to FRAX Transition

**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 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.

**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. [Withdrawal instructions](https://docs.api3.org/oev-searchers/in-depth/oev-network/#bridging-eth)

**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 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.