API3 Introduces New Solutions to Improve DeFi Efficiency

user avatar

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Arca Desktop App Now Open to Public for AI Session Monetization

The Arca desktop app has launched to the public, allowing users to monetize their AI session data.

user avatarJacob Williams

Exodus Reports Third-Quarter Revenue Growth Amid Net Loss

Exodus reported a 7% revenue increase in Q3, reaching $325 million, but faced a net loss of $83 million, highlighting rising operational costs.

user avatarZainab Kamara

eToro Reports Decline in Third-Quarter Net Income Amid Growing Funded Accounts

eToro reports a significant decline in third-quarter net income to approximately $15 million, down from $57 million last year, despite an 18% growth in funded accounts.

user avatarSon Min-ho

Bitdeer Achieves Record Revenue but Faces Major Losses

Bitdeer reported record revenue of $320.7 million for Q3 2023, an 89% increase year-over-year, but faced a net loss of $125.5 million.

user avatarAyman Ben Youssef

Bitcoin May Benefit from Greater Regulatory Clarity

Bitcoin may benefit from a more predictable US regulatory environment as the SEC shows interest in blockchain-based financial infrastructure.

user avatarKofi Adjeman

SEC Reports Significant Decline in Enforcement Actions

The US Securities and Exchange Commission (SEC) has reported a significant decline in enforcement actions, marking the lowest level since 1991, under the Trump administration.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.