API3 Introduces New Solutions to Improve DeFi Efficiency

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by Giorgi Kostiuk

2 years ago

Made with AI

  1. New Technologies by API3
  2. Importance of Oracles in DeFi
  3. API3's Oracle Stack


    4. API3 has unveiled a new generation of solutions designed to increase the speed, efficiency, and sustainability of decentralized finance (DeFi). The focus is on improving DeFi infrastructure to ensure long-term growth and better performance for developers.

    New Technologies by API3

    API3 announced its latest developments aimed at improving how DeFi protocols access real-world data. As DeFi grows rapidly, API3 is working to make data feeds more efficient and valuable for developers. Oracles play a key role in DeFi because they bring important data, like prices, onto blockchains.

    Importance of Oracles in DeFi

    Traditional oracle services mainly focus on delivering data, leaving room for improvement. API3’s new Oracle Stack addresses this by adding extra features, including recapturing value lost due to Miner Extractable Value (MEV) — a common problem in DeFi transactions. In May, API3 announced it surpassed $1 billion in Total Value Secured, marking a tenfold increase over the past 100 days.

    API3's Oracle Stack

    According to API3’s Strategy Lead, Ugur Mersinlioglu, this new solution helps developers get the data they need and reclaim value lost during data processing. By using API3’s oracles, developers can boost their protocol’s performance, drive growth, and reduce fees. The Oracle Stack is designed to work across multiple blockchain networks, making it easy to integrate into different platforms. With over 160 data feeds across 37 networks, API3 aims to provide DeFi protocols with the tools they need to remain competitive.

    API3 is focused on improving DeFi infrastructure by providing innovative solutions and tools for developers, contributing to long-term growth and enhanced protocol performance.

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