1/ API3 believes #DeFi & #Web3 can change the financial landscape with the right infrastructure and access to meaningful real-world data.
Self-funded #dAPIs are the first step in supporting that mission.
2/
dAPIs are continuously updated streams of real-time market data that can be used across DeFi.
a #dAPI allows #dApps to access data feed services and in the future to recapture their Oracle Extractable Value #OEV without changes to the integration.
3/
Self-funded dAPIs allow users to permissionlessly activate a data feed by funding a sponsor wallet.
Data feeds use gas from this wallet for oracle transactions and once activated the reference data updates are readable by all other dApps.
4/ Users can browse and access data feeds through the API3 Market’s user-friendly interface.
The API3 Market provides a self-serve process, which means that developers can utilize price feeds in a permissionless way by simply adding gas to a sponsor wallet.
5/
Developers can access API3 data feeds on the following chains:
8/
With this Phase 1 rollout of dAPIs, API3 delivers secure, transparent, and efficient data feeds, empowering developers to create DeFi protocols with seamless off-chain data access.
Access 100+ crypto & forex pairs now through the API3 Market:
(We recently completed our blog series of the same title and we’re resharing in tweet form.)
APIs are everywhere; they permeate our digital world. The concept of an API is so inescapable in software that it’s ironically difficult to accurately define it.
In this first post, we attempt to do so via a swervy foray through computer history.