Hassan Maishera
On Friday, the API3 team announced via X that it has launched OEV-Boosted Morpho Markets. The new feature is built on Morpho Labs, curated by Yearn Finance, and powered by API3.
API3 allows liquidators to compete in auctions for the oracle update itself, the data that enables the liquidation in the first place. The OEV flywheel works this way;
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OEV auctions capture value from liquidations
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Value is recycled into user incentives
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Incentives attract liquidity and usage
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More usage→more liquidations
API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $0.568, down 1% in the last 24 hours.
