API3

API3 invites people to join them at L2 Days Istanbul, a two-day event dedicated to Ethereum scaling solutions. API3's Product Lead will participate in a panel discussion and they will also have a booth where they will share free merch. The event is organized by l2beat and Scroll_ZKP. The event details and registration information are provided in previous news updates.

API3 is co-hosting the ETHGlobal Builder Mixer in Istanbul with POKTnetwork, developer_dao, and PhalaNetwork. The event brings together builders shaping the future of the Ethereum ecosystem. Attendees can network with builders, get to know the teams, and enjoy the good vibes before the hackathon. Register now!

In a recent analysis, an API3 researcher took a deep dive into Euler Finance's quasi-dutch auction system for liquidation bonuses and discussed how OEV-Share, an oracle MEV solution, could potentially be a better alternative. The researcher explained how the auction design effectively reduced the average liquidation bonus and allowed Euler to add bonuses to their insurance fund. However, after a switch to Chainlink oracles, the auction became less effective due to less granular pricing. Additionally, a new liquidator competing with Euler's bot resulted in value being bid to block builders in bundle auctions. The researcher suggested that OEV-Share, with its more granular auction and off-chain price triggering, could capture more value for Euler's ecosystem.

Avalanche has announced its focus on asset tokenization and payments, aiming to build a global, permissionless digital economy. API3's first-party oracle stack aligns with Avalanche's ecosystem by providing on-chain price data for real-world assets. Additionally, API3's dAPIs offer access to a wide range of forex data, supporting Avalanche's money market capabilities. With the flexibility of first-party oracles, API3 aims to further support Avalanche builders and scale to serve Avalanche Subnets.

KinetixFi has integrated API3's decentralized data feeds to enhance their derivatives platform and DeFi hub on KAVA_CHAIN.