OEV stands for Oracle Extractable Value. And yes, you can participate and earn from it. https://api3.org/
Note: $API3 refers to the DAO governance token for API3DAO. I would expect a new token to be created to drive the marketplace for Decentralized Oracles, but it has not been announced yet.
OEV Network is a Layer 2 solution built to recapture all OEV across all chains that use the API3 Oracle Stack.
OEV (Oracle Extractable Value) refers to a type of MEV caused by oracle updates. Some price updates trigger liquidation bonuses on lending protocols, making certain updates more valuable. The OEV Network helps protocols recapture this value.
How much are we looking to recapture here? Data suggested by OEV claims that Oracle leak to MEV is in the hundreds of millions
API3 is a blockchain oracle that offers a next-generation oracle stack featuring verfiable, multi-source data feeds from first-party providers and a data marketplace to make it work. Discover API3’s OEV Network, enabling secure, decentralized data feeds with enhanced value extraction for DeFi applications.
Start earning in 3 steps:
- Read any data feed on the API3 Market
- Enable OEV Network
- Start Earning
Official Links: https://x.com/OEVNetwork https://x.com/API3DAO https://market.api3.org/ https://docs.api3.org/ https://x.com/i/status/1810660189223490032 Show Less
