API3

API3 has launched new oracle solutions to enhance DeFi efficiency. This move reinforces the company's commitment to decentralized finance, following their previous announcement of doubling down on DeFi. Key points: - API3 introduces innovative oracle solutions - Aimed at improving efficiency in DeFi - Continues the company's focus on DeFi development This launch aligns with API3's strategy to push the boundaries of innovation in the DeFi space. The new solutions are expected to address existing challenges and potentially unlock new opportunities for DeFi applications. For more details on the specific oracle solutions and their impact, check out the full announcement.

API3's Oracle Stack is gaining traction among builders as a comprehensive solution for oracle needs. Key features include: - 160+ decentralized data feeds on API3 Market - Coverage across 37 chains - OEV Network for MEV recapture dAPIs provide decentralized, cost-efficient data feeds with verifiable source transparency. The API3 Market allows easy browsing and management of data feeds. Developers can join a community focused on secure, reliable, and scalable on-chain data delivery. More information available in API3's technical documentation.

Hana Finance, a leading decentralized non-custodial liquidity market protocol, has announced its integration with the API3 Oracle Stack to power its operations on the Taiko blockchain. Hana Finance enables users to supply liquidity and earn passive yield or borrow liquidity against collateral assets. This integration aims to unlock new DeFi use cases on Taiko by providing low-cost leverage opportunities and increasing capital efficiency.

API3, a decentralized oracle network, has secured a strategic funding round led by DWF Labs, positioning the company for further growth and innovation. Additionally, API3 has formed new partnerships with Sei Network, Build on Bob, and Metis L2, expanding its presence across various blockchain ecosystems. The company has also collaborated with Phuture Finance to integrate its oracle stack into the Trackr Finance Liquid Staking index. Furthermore, API3 has introduced new data feeds for spETH, MERL, and MANTA tokens, as well as supporting Linea Build Surge with data feeds for whitelisted tokens. API3 continues to engage with its community through Spaces events with XLayer and Metis L2, and a hands-on builder workshop focused on integrating price feeds into smart contracts.

The stTAO/TAO exchange rate, representing the liquid staking token for Bittensor's decentralized AI network, is now available on the API3 Market. This allows users to earn restaking rewards while maintaining liquidity for DeFi participation. Additionally, the TAO/USD price feed for Bittensor's native token was previously made available on the API3 Market. Users can visit the API3 Market to access these data feeds and build on-chain products across 19 blockchains.

The stTAO/TAO exchange rate, representing Bittensor's liquid staking token for its decentralized AI network, is now available on the API3 Market. This allows users to earn restaking rewards while maintaining liquidity to participate in DeFi. The new data feed can be used to build on-chain products across 19 blockchains.

In a recent interview with CryptoNews, API3's Developer Advocate Billy discussed the intricacies of API3's Oracle Stack and hinted at an upcoming collaboration with the OEV Network. The conversation, filmed at the Token2049 event in Dubai, provided insights into API3's decentralized oracle solution.

Oracle extractable value (OEV) refers to the value that can be extracted from oracle price updates on decentralized lending protocols. Stale prices on-chain can create arbitrage opportunities, while price updates can trigger liquidation bonuses. This leads to tens of millions of dollars being lost by lending protocols annually due to OEV. OEV Network, a zk-Rollup powered by Polygon CDK, aims to solve this issue by recapturing OEV across all chains that use the API3 oracle stack. By allowing lending protocols to recapture this value, OEV Network presents an evolution in oracle architecture, enhancing the performance and sustainability of decentralized applications (dApps).

API3, a decentralized oracle network, has announced its plans to support the Worldcoin Chain as an ecosystem partner from its launch day. API3 will provide its full oracle stack to developers building on the Worldcoin Chain, offering features like proof of data source and proof of maximum extractable value (MEV) recapture. This partnership aims to bring more verifiable and decentralized data sources to the Worldcoin ecosystem.

Exiled Racers, a decentralized gaming platform, is introducing on-chain gaming capabilities to Base, a decentralized data network. The platform utilizes API3's Quantum Random Number Generator (QRNG) to ensure verifiable and decentralized gameplay mechanics. This development brings provably fair and transparent gaming experiences to the Base ecosystem.