RWA track’s unique solution – API3

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Traditional oracles such as#LINKuse third-party oracle solutions, with third-party operators hosting the oracle nodes, gathering external data provided by API providers, and inputting it into smart contracts. In this model, the API provider can remain anonymous and it is difficult to hold accountable if the API provider provides inaccuracies. Such a mechanism cannot ensure the transparency of data sources and increases the risk of data manipulation.

In addition, traditional oracles are more like the structure of a company, and the oracle project party has a greater say in key decisions, which will cause two major problems:①Centralized oracle services are easily affected by individual individuals, resulting in uneven data quality;②When loopholes occur at the governance level, data will be misreported, resulting in a crisis of trust.API3 is governed by a non-profit DAO, which oversees the entire network.

3. Decentralization: API3 is governed by DAO and participates in daily execution, including selecting API providers through DAO voting;4.dAPI: That is, "first-party data source", which is supported and maintained directly on the chain by API providers, with higher security, cost efficiency and scalability.5. Mortgage mechanism: dAPP obtains specific service guarantees through off-chain channels. When dAPI fails, dAPP can file a claim.

In recent years, MEV bots have made hundreds of millions of dollars by front-running trades, harming the entire DeFi ecosystem. With the support of Polygon CDK, API3 launched the OEV Network platform, which performs order flow auctions and sells the right to perform specific data source updates to the highest bidder. Users and dAPPs can benefit from the winning bid. OEV integration will be migrated to API3 driver in large quantities. The data feed greatly promotes the development of lending protocols.

In the current market, clearing fees for lending protocols are around 5-10%. By using API3 oracles, dAPP can significantly reduce liquidation fees. Recently, API3 announced that its managed dAPI is now available on the Mantle Network, a layer 2 network. dAPPs in the Mantle ecosystem include @InitCapital_, @lendlexyz, @Minterest, etc., which capture MEV by integrating OEV, thus bringing huge upgrades.

In January of this year, @aave lost over $4 million due to an OEV attack, and API3 could recover 90% of that loss. Through the OEV network launched by API3, OEV losses can be effectively avoided, and API3 is also actively cooperating with the new L2. The recent oracle network has also been deployed to the @Blast_L2 test network. @Blast_L2 developers can use 140+ through API3 A data source!Strong data performance:

TVS is one of the most important indicators of the oracle network. The data can intuitively reflect the trust of the blockchain and dAPP developers in the oracle machine. API3’s latest TVS data is US$470 million, which has grown rapidly in the past month, exceeding 385%! It represents the rapid increase in market recognition of API3.

Token Economics:Native token API3 has 4 main uses:-Payment: used to pay for API services to ensure that API providers receive reasonable remuneration;-Governance: Currency holders can participate in the governance and decision-making of the protocol and jointly decide the development direction of the protocol;-Rewards: distributed to API providers as rewards to motivate them to provide high-quality API data and services;-Staking: API3 tokens can be staked in exchange for rewards and community voting rights.

Investment agency:include:@placeholdervc@coinfund_io@PanteraCapital@hashed_official@DCGcoWell-known cryptocurrency investment institutions

API3 Team:Team leader Heikki Vanttinen leads a development team of approximately 20 members and is a veteran in the field of language machines.Burak Benligiray is a former Google Scholar. He is also the former CTO of CLC Group and Honeycomb. He works on oracles and vision, and has worked in start-ups, providing research work in the fields of computer vision and AI.

Summary: API3 performs well in the field of oracles. As a first-party oracle, it is safe and efficient. With the introduction of OEV Network, an auction system is adopted to benefit all participants and convert MEV losses into profits. TVS has recently reached cooperation with Blast, Mantle and other projects, and TVS has grown rapidly. I believe that with continuous expansion and project cooperation, TVS worth US$1 billion will soon be realized. The value of the currency price has returned and is expected to be captured by the market soon!Finally, if you like today's article and it is helpful to you, please support it. It is our greatest encouragement. grateful

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