API3

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.

API3 has identified a potential security risk and has taken immediate action to mitigate it. No funds were lost and no harm occurred. The affected components have been redeployed with a fix and all known affected users have been contacted to switch to the new deployments. Users are advised to update their proxies immediately. API3 is committed to security and transparency and will provide a detailed report once all at risk parties have addressed the concern.

The API3 Market now offers the mETH/ETH Exchange Rate. Mantle Staked Ether ($mETH) is the receipt token of the ETH liquid staking protocol governed by @0xMantle.

API3 community invites you to join an event with BuildOnBase, KaikoData, and fxdxdex on Dec 6 to discuss the data infrastructure of onchain finance.

DeFi projects like Liquity Protocol, Synthetix, and Venus Protocol are starting to embrace oracle diversity by incorporating two or even three oracle models. This is crucial for scaling DeFi as it provides fallback options in case of events that impact users.

The $GNS/USD price feed is now available on the API3 Market, enabling the development of secure DeFi markets using @GainsNetwork_io's native token. Users can start building on-chain products across 16 blockchains using this data feed.

The RIF/USD price feed has been added to the API3 Market, allowing users to build onchain products across 16 blockchains using the RIF native token.