API3

API3 has announced its participation in Caldera's expanding rollup ecosystem. As part of this collaboration, API3 is offering a quest in the Meet the Metalayer campaign on Layer3. - The quest provides an opportunity for users to earn rewards - It's currently live and accessible on the Layer3 platform To participate: 1. Visit https://app.layer3.xyz/quests/meet-the-metalayer-api3-oev-network 2. Complete the API3 quest 3. Earn rewards upon completion This initiative aims to engage the community with API3's technology while offering incentives for participation.

A new data provider, dRPC, has joined our network, enhancing our multi-source data feeds for Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs). This integration brings: - Cryptographically secure and verifiable data - Extensive coverage of EVM-based chains - Strengthened support for the Layer 2 ecosystem Key benefits include: 1. Improved capital efficiency 2. Greater composability 3. New yield opportunities This expansion follows a recent integration with Blast API, further solidifying our commitment to robust, multi-chain services in the Web3 space.

Encode Club is hosting a hackathon in London from October 25-27. The event will focus on: - Oracles - Lending dApps - Liquidation scripts API3 DevRel @billyjitsu_ will present on the evolving oracle landscape. Participants can compete for various bounties. This event offers a great opportunity to enhance your blockchain development skills and network with industry professionals. **Don't miss out on this chance to level up your game in the web3 space!**

Oracle Extractable Value (OEV) is a type of MEV related to oracle updates. It arises from price updates triggering liquidation bonuses on lending protocols, causing some updates to be more valuable than others. Annually, lending protocols across chains lose millions to OEV. @OEVNetwork proposes a Layer 2 solution to recapture OEV: - Eliminates most lost OEV - Maintains user experience - Preserves data feed security - Returns captured OEV to dApps This solution integrates with API3's data feeds, allowing dApps to recapture lost value. It optimizes liquidations and improves protocol performance while maintaining security. OEV-aware oracles represent an evolution in oracle architecture, potentially fostering innovation and new business models in the lending protocol space.

API3's Oracle Stack is now accessible on Manta Network, offering builders over 170 data feeds (dAPIs) via the API3 Market. Key features include: - Verifiable, multi-source data maintained on-chain - No infrastructure needed for dApps - Oracle nodes operated by data providers - Source transparency and no middlemen Manta Pacific, the largest modular L2 for ZK-apps, provides: - Scalability and security with Celestia's DA and Polygon's zkEVM - Fast transactions and low gas fees - Universal Circuits for simplified building Builders can access dAPIs through the API3 Market, which offers various data feeds including crypto, LST/LRTs, and stablecoins. **Coming soon**: OEV Network integration for MEV recapture.

The API3 Market has introduced the instETH/stETH Exchange Rate, expanding its offerings across 37 blockchains. instETH, a liquid restaking token (LRT) by Inception, allows users to: - Restake their stETH for yield - Maintain liquidity - Participate in DeFi activities This addition enables developers to build scalable onchain products with access to real-time exchange rate data. **Key Points:** - instETH/stETH rate now on API3 Market - Covers 37 blockchains - Enables yield earning while preserving liquidity - Facilitates DeFi participation Visit https://market.api3.org/ to start building today.

API3 announces the discontinuation of equities, forex, and commodities data feeds on the API3 Market, effective October 1. This decision aims to optimize offerings and reduce maintenance costs. Key points: - Focus shifts to high-demand data feeds - 170+ data feeds remain available on API3 Market - Popular feeds include cryptocurrencies, LST/LRT, and stablecoins The API3 Market continues to provide an easy-to-use platform for browsing, accessing, and managing various data feeds. **Call to Action**: Visit [API3 Market](http://market.api3.org) to explore available data feeds and start building.

**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!

API3 has announced a partnership with BLOCKSIZE Capital, a leading oracle node operator known for delivering reliable crypto data. Key points: - BLOCKSIZE supports DeFi protocols with robust infrastructure - Provides volume-weighted average prices from centralized and decentralized exchanges - Ensures accurate, timely price feeds for hundreds of trading pairs - Integration guarantees precise, up-to-date asset valuation This collaboration strengthens API3's verifiable, multi-source price feeds, crucial for blockchain ecosystems. **Learn more about this partnership and its implications for DeFi protocols.**

API3 is sponsoring and participating in the Ecosystem track at TBC Munich. The company will demonstrate how its next-generation Oracle Stack is revolutionizing DeFi in collaboration with OEVNetwork. Key highlights: - API3's Oracle Stack aims to transform lending protocols - Built-in mechanism for recapturing oracle extractable value - Showcasing the potential impact on DeFi landscape This event follows API3's recent sponsorship of WebX Asia in Tokyo, where they presented similar innovations. The company continues to actively engage in blockchain events, promoting their advancements in oracle technology and its applications in decentralized finance. API3's participation in these conferences underscores their commitment to advancing oracle solutions and fostering innovation in the DeFi sector.