KEY TAKEAWAYS
- API3 partners with Allnodes to enhance its network of RPC providers, aiming to deliver secure and verifiable data for multi-source data feeds.
- Allnodes will operate a node for API3’s data feeds, ensuring accurate and timely exchange rates for liquid staking and restaking tokens.
- This collaboration supports API3’s strategy to advance the DeFi landscape by providing reliable data feeds crucial for Layer 2 ecosystems.
- API3’s Oracle Stack, developed with Allnodes, offers scalable and interoperable data feeds across multiple chains, enhancing data access for decentralized applications.
API3 has announced a strategic partnership with Allnodes, a prominent provider of blockchain infrastructure, to expand its network of Remote Procedure Call (RPC) providers. This collaboration aims to enhance the delivery of cryptographically secure and verifiable data for API3’s multi-source data feeds. The partnership was announced here.
Allnodes will operate a node for API3’s data feeds, which include exchange rates for liquid staking tokens (LSTs) and liquid restaking tokens (LRTs). With its expertise in multichain RPC services, Allnodes is expected to ensure that API3’s data feeds remain accurate, timely, and resilient. This integration supports the growing demand for LST and LRT integrations, contributing to precise asset valuations and enhanced performance for decentralized applications.
API3’s collaboration with Allnodes is a step towards bringing real-world data onchain in a verifiable and decentralized manner. The partnership is part of API3’s strategy to support the evolving DeFi landscape by focusing on assets crucial for the long-term performance and composability of Layer 2 ecosystems. By streamlining the operation of LST price feeds, API3 aims to equip DeFi protocols to meet the demands of a competitive Layer 2 landscape.
In the context of an emerging rollup-centric future, the ability to offer enhanced capital efficiency and unlock new yield opportunities through LSTs and LRTs is seen as a defining factor for the success of blockchain networks. API3’s Oracle Stack, designed in collaboration with Allnodes, facilitates scalable and interoperable data feeds across multiple chains, ensuring that protocols in a multi-chain environment can efficiently access the data they need.
API3’s vision is to redefine standards for onchain data by pioneering decentralized data feeds that enable a direct connection between data providers and smart contracts. This first-party oracle architecture aims to improve data security and reliability through the aggregation of multiple data sources into each data feed. Builders can utilize the API3 Oracle Stack across 37 blockchains on the API3 Market, with the ability to verify the source and degree of decentralization of those data feeds onchain.
Allnodes, known for its non-custodial hosting and staking services, supports over 80 blockchain protocols. Its RPC endpoint solutions and blockchain snapshots empower the growth and advancement of decentralized ecosystems, making it a valuable partner for API3’s mission to build an open, decentralized web.
Explore More News:
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.
