API3’s OEV Network is Officially Live

Twitter icon  •  Published 5 days ago  •  Hassan Maishera

The AP13 team announced via X on Tuesday that the OEV Network is officially live and integrated with the API3 Oracle Stack.

The AP13 team announced via X on Tuesday that the OEV Network is officially live and integrated with the API3 Oracle Stack. With this launch, every lending protocol, on every API3 supported chain, now has a built-in solution to recapture protocol MEV.

The OEV Network enables any lending protocol using API3’s data feeds to recapture oracle extractable value (OEV) that is lost from liquidations. As of launch, several protocols are fully integrated with the OEV Network across multiple chains, including Orbit Protocol, INIT Capital, and Lendle.

API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is currently trading at $1.867, up by 7% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.