API3

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

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.