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Api3
API3 provides a solution to the oracle problem by offering decentrally governed and quantifiable secure data feeds (dAPIs) powered by first-party oracle nodes. This allows smart contracts to access real-world data in a secure, cost-efficient, and scalable manner, serving applications in DeFi, insurance, and gaming.
Distributed
Description
API3 is a collaborative project and platform that provides oracle services for DeFi projects, delivering traditional API services to smart contract platforms in a decentralized and trust-minimized way. It is governed by a decentralized autonomous organization (DAO), the API3 DAO. API3’s solution to the oracle problem is its dAPIs — decentrally governed and quantifiable secure data feeds powered by first-party oracle nodes, which is more secure, cost-efficient, and scalable than traditional oracles. A key offering is OEV (Oracle Extractable Value) Rewards, which allows projects to earn revenue. The platform provides over 200 data feeds across numerous blockchain networks (including Ethereum, Arbitrum, Avalanche, Base, and Polygon) and is utilized by various lending protocols. API3 aims to enable dApps to access real-world data securely and efficiently, supporting applications in DeFi, insurance, and gaming.Grant Funding
VC Funding
None
2020
$0
$3M