Oracle Migration Guide: Earn Rewards and Enhance Security
Oracle Migration Guide: Earn Rewards and Enhance Security
🤑 Oracle Money Left Behind
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.
Lending protocols are leaving money on the table. Some more than others. It's time to upgrade your oracle and start capturing those OEV Rewards 🪙
Lending protocols are catching on—you can get paid by your oracle! With our Chainlink to API3 migration guide you can: ✅ Get paid by your oracle with OEV Rewards ✅ Use multiple oracles for security ✅ Easily upgrade without breaking your setup h/t @MetisDevs workshop
🌌 SKY Token Gets Oracle Support
**SKY/USD pricing feed now available** through API3 oracles across 40+ blockchain networks. SKY serves as the **governance token** for Sky Ecosystem, enabling decentralized decision-making within the protocol. The new oracle integration provides: - Multi-source price verification - Cross-chain compatibility - Reliable data feeds for DeFi applications Developers can now access SKY pricing data through the [API3 Market](https://market.api3.org) for building applications that require accurate token valuations.
API3 Market Maintenance Scheduled for September 26
**Planned Maintenance Alert** API3 Market will undergo scheduled maintenance on **Friday, September 26 at 11:00 UTC**. **What You Need to Know:** - Main site [market.api3.org](https://market.api3.org) will be temporarily unavailable - **Alternative access:** Use [market2.api3.org](https://market2.api3.org) during maintenance - Service expected to resume normal operations after completion The maintenance appears to have been completed successfully based on recent updates, with the main site now accessible again.
Api3 Announces Presence at Singapore Blockchain Week Events
**Api3 will participate in multiple Singapore Blockchain Week events**, including Sonic Summit, TOKEN2049, and Stablecoin Summit. The company plans to discuss: - Oracle technology developments - **Oracle Extractable Value (OEV)** solutions - Value retention strategies for blockchain projects Api3 emphasizes their message: *"Winners recapture, losers leak"* - highlighting how proper oracle implementation can help projects retain value they create rather than losing it to extractable value opportunities.
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 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.