On Wednesday, the API3 team announced via X that the Unified Lending is now live and powered by API3. API3 is powering Unified Lending by helping recapture OEV, unlocking a novel revenue stream for the protocol.
Unified Lending seeks to end liquidity fragmentation and tedious UX, using the power of ZK tech. With Unified Lending, DeFi users can lend from multiple chains at once, borrow to any chain, and enjoy unified liquidity with unified interest rates.
API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $0.816, up 1% in the last 24 hours.