API3

API3DAO has announced its participation in Zircuit L2's Build to Earn program. This collaboration will provide developers on the Zircuit Layer 2 network with access to API3's oracle stack, enabling them to utilize over 160 data feeds, recapture oracle economic value (OEV), and access random numbers through the Quantum Random Number Generator (QRNG). API3DAO encourages developers to build with their services and get rewarded.

API3 has released a tutorial video demonstrating how to upgrade an existing oracle to be compatible with the OEV Network. The video, presented by API3's Developer Relations team member wc49358, walks through the process of using the API3 Oracle Adapter to modify an oracle after the associated contracts have already been deployed. This allows for seamless integration with the OEV Network, which aims to provide verifiable and decentralized data directly from the source.

API3 has announced that starting March 31, dAPIs with no active subscriptions will no longer be pointed to self-funded Nodary feeds. Users utilizing a DapiProxy contract may be impacted. Those with dAPIs displaying a 'Self-funded' label must take action by either purchasing a subscription or continuing to read the self-funded Nodary feed through a DataFeedProxy contract, following best practices outlined by API3. The update emphasizes the importance of not reading data feeds directly from the Api3ServerV1 contract and implementing mechanisms to switch proxy contracts as necessary.

API3, a decentralized oracle platform, has announced reaching a significant milestone of $500 million in Total Value Secured (TVS) across its oracle stack. This represents a substantial 25-fold increase from the beginning of the year, indicating rapid adoption of API3's services. The company attributes this growth to entering what it calls the 'exponential era of adoption' for its decentralized oracle solutions.

Pac Finance, a lending and margin trading protocol built on the Blast L2 network, has integrated the API3 oracle stack to power its decentralized lending services. By utilizing API3's decentralized data feeds, Pac Finance benefits from a built-in MEV solution provided by the OEV Network, enabling optimal protocol performance and recapturing of protocol MEV. Pac Finance offers peer-to-peer and peer-to-pool lending, native yield generation, zero-gas transactions, one-click leverage, and self-repaying loans.

API3 has announced that starting March 31, dAPIs with no active subscriptions will no longer be pointed to self-funded Nodary feeds. Users utilizing a DapiProxy contract may be impacted and should check if their dAPI displays a 'Self-funded' label. If so, they need to either buy a subscription for that data feed or continue reading the same self-funded Nodary feed through a DataFeedProxy contract as per API3's best practices guidelines. Failure to take action may result in disruption of data access.

API3 has announced the availability of several new data feeds on its decentralized oracle market, enabling developers to build on-chain products across multiple blockchains. The latest additions include exchange rates for staked and synthetic assets like sUSDe/USDe, sDAI/DAI, sAVAX/AVAX, and ezETH/ETH, as well as price feeds for stablecoins such as LUSD, FRAX, GHO, crvUSD, and USDY. Other notable listings include the DYM/USD price feed for the Dymension ecosystem token, the apxETH/pxETH exchange rate for Redacted Cartel's auto-compounding vault, the TIA/USD price feed for Celestia's data availability network token, and the rsETH/ETH exchange rate for Stader's liquid restaking token.

API3 DAO highlighted the issue of Miner Extractable Value (MEV) in decentralized finance, where miners can prioritize transactions for profit maximization. This has led to lending protocols losing revenue from liquidation bonuses paid to searchers. API3 DAO proposed solutions like bundling oracles with searcher auction mechanisms or introducing a delay for liquidators to bid for exclusive liquidation rights. These solutions aim to recapture value lost to MEV and return it to the protocols, improving efficiency and reducing centralization.

ETHGlobal, in collaboration with LineaBuild, is hosting an event in London this Sunday to bring together builders shaping the future of the Ethereum ecosystem. The event, celebrating 4844, will feature food and drinks, and attendees are encouraged to register in advance.

API3 DAO, a decentralized oracle network, has announced a partnership with Battlemon, a blockchain-based game. Through this collaboration, Battlemon will integrate API3's Quantum Random Number Generator (QRNG) technology to ensure the decentralized generation of random numbers and results within their platform. This integration aims to enhance transparency and fairness in Battlemon's gameplay mechanics, leveraging the trustless and verifiable nature of API3's oracle services.