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Silo Labs Integrates the the API3 Oracle Stack

Share on X icon · Published hace 2 años on July 24, 2024 · Hassan Maishera

The AP13 team announced via X on Tuesday that Silo Labs has joined the API3 ecosystem by integrating the API3 Oracle Stack to power their lending protocol on Arbitrum.

Silo Labs Integrates the the API3 Oracle Stack

The AP13 team announced via X on Tuesday that Silo Labs has joined the API3 ecosystem by integrating the API3 Oracle Stack to power their lending protocol on Arbitrum. 

Silo creates secure lending markets for crypto assets using isolated pools. All API3's price feeds are integrated with OEVNetwork to give Silo a way to recapture any MEV that could leak from the protocol.

API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $1.858, down by 4% in the last 24 hours.

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Author

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Hassan Maishera
Hassan Maishera Senior Reporter

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.

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