API3

**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 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 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.

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.

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.

The OEV Network has launched a comprehensive oracle solution for lending protocols with several key features: - Full integration with all data feeds from the API3 Market - Support for 40+ EVM-compatible chains - Simple implementation process - Pull oracle functionality with infinite granularity The platform enables protocols to start earning OEV rewards immediately after implementing a new price feed. This solution aims to streamline oracle operations across the DeFi ecosystem while maintaining high standards of verifiability and decentralization.

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.

API3 Market has introduced a new AUSD/USD price feed, accessible across 39 blockchains. AUSD, developed by @withAUSD, is the first fully collateralized digital dollar with a 1:1 USD fiat backing. Key points: - AUSD/USD feed now live on API3 Market - Available on 39 different blockchains - AUSD: First fully collateralized digital USD - 1:1 minting ratio with USD fiat Developers can start integrating this new data feed into their projects immediately. For more information and to access the feed, visit: http://market.api3.org

Ocean Protocol announces its role as a title sponsor for the Blockchain Oracle Summit 2024 (BOS24) in Bangkok on November 11. The event will gather leading figures in the oracle space. Key highlights: - Ocean Protocol will deliver a keynote on OEV (Oracle Extractable Value) - Participation in a panel discussion on DeFi's future with next-gen oracle solutions - Event features prominent minds and leaders in the blockchain oracle sector Interested parties can secure their tickets through the official event website.

API3 is inviting participants to join their DAO and contribute to reshaping the oracle landscape. Here's what you need to know: - Earn a variable APR of 30.5% by staking - Gain governance voting power in the DAO - Help shape the future of DeFi Interested parties can join through the API3 Oracle Stack. This opportunity allows stakeholders to have a direct impact on the development of decentralized oracles. For more information and to participate, visit: http://tracker.api3.org