API3, which offers decentralized applications through blockchain technology, introduced OEV Netwok, which stands out with its zk-Rollup feature.
API3 said in a statement on social media on Monday, January 29: Polygon (MATIC) supported new network OEV announced. In the statement made, this network oracle extractable value (OEV) It was stated that it would be used to optimize the
The team stated that there is a lot of liquidity loss in blockchains due to OEV. An important solution to this problem thanks to OEV Network He emphasized that they will bring
The team cited DeFi platform Aave as a concrete example of this loss of liquidity. Latest on Aave Position worth 2 billion dollars in 3 years was liquidated and that Liquidation premium of more than $100 million It was stated that it was paid as. Thanks to OEV, this premium amount will be distributed to the benefit of all platforms. optimize It was emphasized that:
To give a concrete example, Aave liquidated positions worth $2 billion in the last three years, of which more than $100 million was paid as liquidation bonuses. But that’s okay, because after all, it would be much worse if the purges weren’t triggered when they were supposed to be, right? That’s true, but considering that the block producer (not the liquidator) receives 99.9% of the liquidation proceeds, it’s fair to say there’s a lot of room for improvement here. API3 has been brought to the agenda as a solution to all these problems of OEV users. Oracles have the right of first refusal to catch all such leaks, and API3 aims to capture this value and return it to their respective DeFi protocols, practically providing them with a huge source of revenue on top of their current status.
With the first statement made by the project on the subject last Saturday, the price 50% had gained value. According to CoinGecko data, in the last 24 hours 7% API3, which is on the rise at the time of writing from $3.05 is being traded.
Altcoin Officially Released the Expected Announcement Behind the 50 Percent Rise! The article titled was prepared by Tugay Erdem and published on koinbulteni.com.