Wednesday, February 19, 2025

API3 Integrates Oracle Stack on Lumia for Enhanced Data Access

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KEY TAKEAWAYS

  • API3 integrates its Oracle Stack on Lumia, offering developers access to over 170 data feeds and enabling the recapture of Maximum Extractable Value (MEV).
  • Lumia enhances Real World Asset management by combining blockchain technology with global compliance tools, facilitating tokenization and liquidity aggregation.
  • API3’s first-party oracle architecture provides secure, onchain data directly from providers, supporting rapid DeFi ecosystem adoption.
  • The OEV Network efficiently captures MEV at the protocol level, returning value to originating dApps and improving financial opportunities.

API3 has announced the integration of its Oracle Stack on Lumia, providing developers with access to over 170 data feeds through the API3 Market and the OEV Network. This integration allows developers to recapture protocol Maximum Extractable Value (MEV) due to oracle updates. The availability of multi-source, decentralized data feeds (dAPIs) on Lumia is powered by first-party oracle nodes operated directly by data providers.

The OEV Network, now integrated with all of API3’s data feeds on Lumia, offers a mechanism for recapturing 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.

Enhancing Real World Asset Management on Lumia

Lumia is recognized as a next-generation blockchain offering a comprehensive solution for Real World Assets (RWAs), covering asset tokenization to liquidity aggregation. It consists of two segments: Lumia Chain, designed for RWAs, and Lumia Stream, which brings liquidity to otherwise illiquid RWAs.

Lumia Chain combines advanced blockchain technology with global compliance tools and account abstraction to facilitate institutional and retail tokenization of RWAs. Meanwhile, Lumia Stream integrates tokenized RWA assets with traditional digital assets, injecting them into the liquid DeFi ecosystem. This approach unlocks new opportunities for investors, institutions, and developers.

API3’s First-Party Oracle Architecture

API3’s first-party oracle architecture maintains data onchain directly from data providers, eliminating middlemen and enhancing security and efficiency. This design allows dApps to easily access data maintained on Lumia without managing their own infrastructure, facilitating rapid adoption and scaling of DeFi ecosystems.

The architecture leverages cryptographically signed data, ensuring transparency and onchain verification. Protocols like Aave and Compound rely on such data for their operations. With the introduction of dAPIs on Lumia, developers gain direct access to real-time data from the source.

The OEV Network addresses MEV challenges by creating an efficient market for oracle updates. It captures MEV at the protocol level and returns it to the originating dApp, improving the health of lending and borrowing dApps and capturing significant financial opportunities.

For more information, developers can visit the API3 Market to explore available data feeds and learn more about the integration.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

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