It hasn’t been long since the introduction of byog, short for bring-your-own-gas, as a group that develops experimental oracle products, followed by an open-ended proposal given in November 2022. Since then, byog delivered on four major items: Set up 100+ data feeds each on 20+ chains for API3, for which…

By providing their services in the form of APIs, businesses extend their customer base to include computer programs, in addition to humans. API3 enhances these APIs for them to be able to cater to smart contracts as well. This effort has both technical and business development aspects, and considering the…

This article is a more digestible version of our litepaper. Oracle extractable value (OEV) refers to oracles making use of their position to capture value that would otherwise have gone to third parties. As a simple example, say we have an ETH/USD price data feed with the value of 1000…

We released Airnode v0.9 this month, which reworks how cloud resources are managed to address an issue with GCP redeployments and prevent similar issues in the future. We still have a few additional v0 releases planned before we start working on Airnode v1. The work on the new data feed…

Providing an oracle service requires changing the chain state, which is only achievable through a transaction. This raises the question: Who pays for the gas of that transaction? The answer to this used to be a univocal “The oracle pays for the gas as a part of the service.” One…

We released Airnode v0.8 this month, which introduces a few useful features that we’ve been using in customized versions for a while. We’re currently working on v0.9, and have already planned out v0.10 and v0.11. As a reminder, we track our work on a public board (even though we can’t…

Alchemy can generally be described as letting intuitive thinking utilize technical expertise to achieve extraordinary impact. Intuition is inevitably subjective, which means applying intuitive thinking successfully — without doubt or self-delusion — is a psychological skill. Furthermore, the type of intuition that is impactful will by definition be controversial, which…

The core technical team has recently had the DAO and the staking pool contracts and their front end audited again by Hexens. We decided to make this announcement to address one of the points raised. For additional information about the audit, you can refer to this post. The API3 DAO…

About two years ago when API3 had just been founded, we had a generic Aragon DAO as a placeholder (referred to as DAOv1). This needed to be replaced with a tailored implementation that implements features that facilitate API3 tokenomics such as staking and the resulting pool being utilized as collateral…