TL;DR:
API3’s Oracle Stack is now integrated with Core, providing decentralized data feeds (dAPIs) and the upcoming OEV Network to enhance Bitcoin DeFi (BTCfi) applications.
Verifiable data directly from data providers, improving protocol performance and security.
Easy Migration: Simplifies the process for dApps to move to Core from other EVM-compatible chains.
API3’s Oracle Stack is now available on Core, providing developers with access to decentralized data feeds (dAPIs) and the soon-to-be-launched OEV Network. This powerful combination will enable the recapture of protocol MEV due to oracle updates, setting a new standard for efficiency and performance in the BTCfi space.
Elevating Bitcoin DeFi with API3’s Oracle Stack
API3’s integration brings a suite of advanced decentralized data feeds to Core, powered by first-party oracle nodes operated directly by data providers. This integration ensures high-quality, verifiable data is readily available on Core, enhancing the capabilities of dApps and enabling more robust financial products.
Key Benefits of the Integration
Decentralized Data Feeds (dAPIs): Developers can now access a wide variety of data feeds, including crypto, forex, equities, and commodities, directly from the API3 Market. These feeds are maintained on-chain by first-party oracles, ensuring the highest levels of data integrity and security.
OEV Network: The launch of the OEV Network will enable protocols using API3’s data feeds on Core to recapture MEV. This vertically integrated solution ensures that the value generated by oracle update auctions is programmatically returned to the originating dApp, enhancing protocol performance and user experience.
Enhanced Security and Efficiency
By leveraging Core’s security features, API3’s oracle stack provides a secure and efficient method for bringing data on-chain. The decentralized and verifiable nature of dAPIs eliminates the need for intermediaries, reducing costs and improving data reliability.
What This Means for Developers on Core
Developers on Core can now harness the full potential of decentralized data feeds to build innovative and efficient DeFi applications. Here’s what you can expect:
- Direct Access to High-Quality Data: With dAPIs, developers can easily integrate real-world data into their dApps, ensuring accurate and reliable information for users.
- MEV Recapture with OEV Network: The OEV Network allows dApps to capture MEV created by oracle updates, significantly enhancing protocol efficiency and profitability.
- Easy Migration and Scalability: The integration simplifies the process for dApps to migrate to Core from other EVM-compatible chains, fostering rapid adoption and growth within the Core ecosystem.
Supporting the Bitcoin DeFi Ecosystem
Core’s commitment to advancing Bitcoin DeFi is further strengthened by this integration. By providing developers with powerful tools and high-quality data, Core continues to drive innovation and growth in the DeFi space.
Getting Started with API3’s Oracle Stack
API3’s oracle stack is designed to be easy to implement, offering a flexible and scalable solution for developers. Here’s how you can get started:
- Visit the API3 Market: Explore and access a wide variety of data feeds available for integration.
- Watch the Getting Started with dAPIs Video: A comprehensive guide to help you navigate the API3 Market and integrate dAPIs into your dApps.
- Explore Technical Documentation: For more detailed information, visit API3's technical documentation here.
This integration is another step in Core's mission to create a secure, scalable, and decentralized future. Core invites all developers to join us in harnessing the power of API3’s next-generation oracle stack.
About Core
Core is a Bitcoin-powered and EVM-compatible layer-one blockchain responsible for bringing BTCfi (Bitcoin finance) to life with the first-ever non-custodial Bitcoin staking protocol and the world's first yield bearing BTC ETP with Valour. Core is the most Bitcoin-aligned EVM blockchain with ~50% of Bitcoin mining hash power contributing to the network’s security and over 4,800 BTC natively staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed a massive community of 2.3M Twitter followers and 265k Discord members which has translated into millions of Core adopters - over 18M unique addresses and 256M transactions since its mainnet launch in January 2023.