KEY TAKEAWAYS
- API3 integrates its Oracle Stack with World Chain, offering developers access to over 180 decentralized data feeds.
- The integration enhances protocol performance by recapturing Maximum Extractable Value (MEV) and returning proceeds to the originating dApp.
- World Chain, a Layer 2 network on Ethereum, prioritizes human-verified transactions, reducing gas fees and mitigating MEV attacks.
- API3’s first-party oracle architecture provides secure, onchain data directly from providers, eliminating middlemen and aligning with World Chain’s transparency goals.
API3 has announced the integration of its Oracle Stack with World Chain, providing developers access to over 180 data feeds through the API3 Market and the OEV Network. This integration allows developers to access verifiable, multi-source, decentralized data feeds (dAPIs) powered by first-party oracle nodes operated directly by data providers.
The OEV Network is integrated with all of API3’s data feeds on World Chain, offering a built-in solution for recapturing Maximum Extractable Value (MEV). This system ensures that proceeds from oracle update auctions are returned to the decentralized application (dApp) where the value originated, enhancing execution for users and improving protocol performance for dApps.
World Chain’s Unique Features and Integration
World Chain is a blockchain designed for human-centric interaction, emphasizing accessibility, user empowerment, and community-driven governance. As an open-source, permissionless Layer 2 network secured by Ethereum, World Chain is built on the OP Stack and integrated into the Superchain, providing scalability and interoperability.
With over 18 million users, World Chain leverages features like Priority Blockspace for Humans (PBH) to prioritize genuine, human-verified transactions over automated systems. This approach mitigates the impact of MEV attacks and reduces gas fees for users, fostering an inclusive ecosystem where verified users benefit from simplified and cost-effective transactions.
World Chain’s unique primitives include a gas allowance for verified humans, native mobile distribution through MiniApps, and Sybil resistance powered by World ID. These features enable developers to build applications that can reach a global audience with minimal barriers.
API3’s First-Party Oracle Architecture
API3’s first-party oracle architecture maintains data onchain directly from data providers, eliminating the need for rent-seeking middlemen. This decentralized and verifiable design offers a secure and efficient method for bringing data onchain, aligning with World Chain’s ethos of transparency and onchain verification.
The introduction of dAPIs on World Chain allows developers direct access to real-time data from the source. This is particularly beneficial for DeFi protocols that rely on oracles, as it addresses inefficiencies in the current oracle design space and provides a solution for capturing MEV at the protocol level.
API3’s Oracle Stack is designed to be easy to implement, offering a flexible and scalable solution for developers building on World Chain. Developers interested in utilizing these data feeds can explore the API3 Market for a wide variety of data feeds, including popular cryptocurrencies and stablecoins.
For more information, the full announcement can be found here.
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