API3

API3 has added the DIS/USD price feed to its market. Users can now access the stock price for Disney on 16 different blockchains to build onchain products.

OEV Network has created an efficient market for oracle updates, allowing searchers to bid for valuable updates. This eliminates the need to wait for updates and enables searchers to update the price when it is most valuable. The lack of data feed granularity is a significant factor driving the adoption of OEV Network.

$uniETH, the liquid staking token by @Bedrock_DeFi, now has an Exchange Rate data feed on the API3 Market. This data feed can be used to build on-chain products across 16 blockchains.

API3 is pleased to announce its support for the REXProtocol decentralized exchange (DEX) on Polygon DeFi. REX Exchange is utilizing Airnode to provide users with the best execution for their trades, combining the trading experience of a centralized exchange (CEX) with the non-custodial, secure experience of a decentralized exchange (DEX).

A liquidation transaction on Aave V3 resulted in a user being liquidated for over $5.6M with a $411k penalty. However, the liquidator only profited $20k as $390k was paid to the block builder to include the transaction. API3's forthcoming OEV solution could have saved Aave up to $390k in this transaction, allowing the funds to be directed to the user, LPs, borrowers, or added to Aave's treasury.

The API3 Market has added the stMATIC/MATIC Exchange Rate Feed, which is now available for developers to build on-chain products across 16 blockchains. The stMATIC token represents staked MATIC with Lido Finance on Polygon.

Kava Chain offers builders access to 130+ data feeds for building and scaling a variety of DeFi applications. The platform combines the speed and scalability of the Cosmos SDK with the developer power of Ethereum. Kava Chain's ecosystem includes platforms such as KinetixFi, Hover Market, Popsicle Finance, Pinjam Labs, Equilibre AMM, Curve Finance, and Beefy Finance. Additionally, builders looking to utilize dAPI price feeds can visit the API3 Market, which provides access to various data feeds for crypto, forex, equities, and commodities.

Liquidations on Aave's V2 market on Ethereum Mainnet have been resulting in significant revenue leakage. Searchers typically give up 99% of their revenue to validators, with the majority going to builders who include their transactions. The introduction of OEV-Share aims to solve this issue by allowing liquidators to compete for oracle order flow, enabling dApps like Aave to recoup up to 99.9% of the incentives paid out. This would significantly improve protocol performance and help capture more value for the dApps themselves.

The API3 community is excited to have a discussion on the significance of building verifiable and decentralized oracle infrastructure to support the growth and scalability of the Cosmos ecosystem.

dAPIs provide a simple and scalable solution for developers who need off-chain data. They serve decentralized data feeds from first-party oracles onchain, aligning with blockchain principles and offering data source transparency.