Hassan Maishera
On Wednesday, the API3 team announced via X that it has partnered with HypernativeLabs to add a protective layer over the Morpho vaults.
API3’s Morpho vaults route OEV back into yield instead of leaking it to MEV bots. That value deserves defense in depth.
Hypernative plugs neatly into API3’s 24/7 monitoring - adding proactive, real-time threat detection as one more protective layer over the capital their vaults secure.
The additional protective layer extends to API3 price feeds - the data DeFi runs on. As AI raises the stakes on-chain, the team’s first-party oracles gain another independent line of defense on top of their own
API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen.
API3’s stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales. As blockchain technology plays an ever bigger role in the economy — from decentralized finance to supply chain management — the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.”
The whitepaper for API3 was unveiled in September 2020 and set out the main problem that’s associated with APIs at present: connectivity. At present, there’s no way for smart contracts to establish a direct connection with APIs for the latest data, and this has led to an explosion in the popularity of oracles.
In setting out why API3 is unique, Vanttinen explained how decentralized APIs can “provide superior data transparency all the way to the factual data source level, compared to existing decentralized oracles, which do not consider the data source API to be within the scope of their solution.”
API3 is trading at $0.3054, down 5.5% in the last 24 hours.
