API3 Intern - King of OEV 🔮 @API3_Intern
The API3 Intern. Lending protocols will never be the same. Straight from the source. Oracles that pay you. The Ether Joined March 2024-
Tweets194
-
Followers85
-
Following43
-
Likes307
The ezETH depeg this morning showed the true value of exchange rate based price feeds for LSD tokens. API3's LSD asset feeds are all exchange rate based. A thread 🧵⤵️
This is why you need an end-to-end oracle service. You can’t provide prices on your own chain and put 100 dependencies on projects to run to consume your prices. You increase risk with every dependency. With us you simply consume prices. Nothing to think about or run.
This is why you need an end-to-end oracle service. You can’t provide prices on your own chain and put 100 dependencies on projects to run to consume your prices. You increase risk with every dependency. With us you simply consume prices. Nothing to think about or run.
We're excited for the launch of @XLayerOfficial and are committed to supporting their builders. 💪 API3's oracle stack will be deployed on X Layer soon, giving developers access to over 160 decentralized data feeds integrated with @OEVNetwork to recapture protocol MEV.
It’s going to be a crazy busy week in Dubai 🫡 🇦🇪 Looking forward to a lot of networking.
Gonna be sick 😎
The PENDLE/USD price feed is now available on the API3 Market. $PENDLE is the native governance token of @pendle_fi's permissionless yield-trading protocol. Start using this new data feed to build onchain products across 17 blockchains today. 🛠️
Gm TVS enjoyorssss 🫡 #API3
Tick tock
RealCrazyJoey @jiwmmnl
55 Followers 133 Following Serial entrepreneur, investor, #crypto fanatic | Based in The Netherlands and Spain. 33 y/o | Tweets are opinions, no financial advise | #BTC $ETH $API3dave ⟁⟁⟁ @thevet
283 Followers 111 Following API3 DAO BD subteam lead. Bad opinions are my own. Infrequent Twitter debate participant.Grant Johnson @jo53344069
620 Followers 311 FollowingLantis1ran @lantis1ran
107 Followers 1K Following 🟥Newb Intern at @Offside_Labs 🟩#Web3 #Security #Hacker 🟦Opinions are my ownMaye Degennaro @DegennaroM57565
27 Followers 2K Following ⚡Maye - 20 - Crazy Presale of crypto casino👇🔶miange.sats⚛️ | �.. @alchemistWTF
394 Followers 947 Following 10004.unisat | #Atomicals | #bitmap | #ARC20 | #NEUTRON | #INFINITY | $API3Beatrice Shortt @beatri_shor
14 Followers 2K Following Beatrice . 18 . Crazy Presale of crypto casino👇🐋Katiuska Gamero @katy_gca
3K Followers 5K Following Co-organizer @ETHDubaiConf @ETHAbuDhabiConf - Working on @Eli5CryptoAnime https://t.co/JgOwGieeA2 https://t.co/9hCkLhdWCiElaine Holderman @EHolderman1769
89 Followers 5K FollowingCypherbadger ~ 🦡 @cypherbadger
544 Followers 876 Following @api3dao @QuantumFair @ethvolcano_ + @graphadvocates 🧑🚀API3 Ecosystem ⟁ @API3ECO
519 Followers 272 Following Mapping & tracking all players in the @API3DAO ecosystem. Onboard at https://t.co/lmn2MHIFTx Developer resources at https://t.co/eBcWOBQ0ZmPaige Sagel @paige_sag
76 Followers 5K Followingshiva mansouri @MansouriSh33429
2 Followers 39 FollowingRex Void @Rhex_Void
624 Followers 2K FollowingDanni Grizzel @danni_griz
61 Followers 5K FollowingStan.chz 🌶🇳🇱 @ChilizNederland
3K Followers 457 Following Social Media & Content at @Chiliz 🌶💡 Posts are my own opinions.Tsunami Intern 💦 @TsunamiIntern
175 Followers 176 Following DeFi lord shitposting alpha lad Backed by your favourite @0xMantle trading dex, @TsunamiFinance_ 🌊 Building @PuddlePalsNFT 🫧 Tweets are NFAAurelius Intern on Ma.. @InternAurelius
215 Followers 240 Following Degenerate Intern at @AureliusFi. Regular Shitposter. Meme supreme.Vinnie @VinnieCrypto
342 Followers 1K Followingwhos care @bengeldim9191
75 Followers 351 FollowingLibax @Libaxman
0 Followers 36 FollowingStiv Gregori @slimpzzz
294 Followers 4K Followingslot1024 @slot1024_eth
620 Followers 1K Following dev @API3DAO | building @pxswap_xyz 👾 | @developer_daocryptopurrency 🐈�.. @cryptokittency
1K Followers 5K Following Here to RT my favs | $XRP $QNT #API3 $XDC $CSPR $FLR $ALGO $VET $XLM | $YEET $TSUKA | NFADYORsiddhearta @0xSiddhearta
777 Followers 571 Following Teacher 🧘🏽♂️ writer ✍️ lifelong learner 📚 and builder 🧭 ⟁Katiuska Gamero @katy_gca
3K Followers 5K Following Co-organizer @ETHDubaiConf @ETHAbuDhabiConf - Working on @Eli5CryptoAnime https://t.co/JgOwGieeA2 https://t.co/9hCkLhdWCiCypherbadger ~ 🦡 @cypherbadger
544 Followers 876 Following @api3dao @QuantumFair @ethvolcano_ + @graphadvocates 🧑🚀Arbus @arbusai
5K Followers 0 Following Driving smarter crypto investments by an AI-powered decentralized ecosystem Join our community! 👥 Discord: https://t.co/s2QpzyZOED TG Announcements: https://t.co/p2vUobV7ZxSatoshi Club @esatoshiclub
82K Followers 586 Following Be the first one to find out breaking crypto news! https://t.co/dkWXyGIYw9 #Bitcoin #Blockchain #CryptocurrencyNews #Web3 #NFTSAHJ🩸 @CryptoSAHJ
2K Followers 399 Following Always buying high and selling low on $SOL and $BTC | 🟧 @bearmarketer 🐻📈 | Future @pepemarketer 🐸📈Gabe @0xGabe_
7K Followers 2K Following Trading magic internet money. DeFi Growth Lead @0xMantle | Advisor @HellCatsNFT Prev: @TheSpartanGroup @Bybit_Official. NFA DYOR.Charlie @btc_charlie
109K Followers 580 Following $BTC : Altcoins : NFTs : Indicators Ambassador: @Plutus Everything here: https://t.co/cpOSqDaXj0 Join: @TheParagonGrprahat.eth @Rahatcodes
12K Followers 2K Following Muslim | Devrel @MorphL2 | Cofounder @protocolxplorer | Prev @biconomy @0xPolygon @rabbithole_gg |Pendle Intern @PendleIntern
9K Followers 435 Following Chief Meme Officer (CMO) @pendle_fi || Shitpost Extraordinaire🥇|| Grand Wizard of Pendle 🪄 || Wingardium Leveyieldsa ⬆️Stan.chz 🌶🇳🇱 @ChilizNederland
3K Followers 457 Following Social Media & Content at @Chiliz 🌶💡 Posts are my own opinions.Tsunami Intern 💦 @TsunamiIntern
175 Followers 176 Following DeFi lord shitposting alpha lad Backed by your favourite @0xMantle trading dex, @TsunamiFinance_ 🌊 Building @PuddlePalsNFT 🫧 Tweets are NFAAurelius Intern on Ma.. @InternAurelius
215 Followers 240 Following Degenerate Intern at @AureliusFi. Regular Shitposter. Meme supreme.dave ⟁⟁⟁ @thevet
283 Followers 111 Following API3 DAO BD subteam lead. Bad opinions are my own. Infrequent Twitter debate participant.Axelar Intern (1in4) @AxelarIntern
6K Followers 4K Following • Fortune favors the broke • Doing my PhD in Memes at @axelarnetworkPoison.Finance @PoisonFinance
6K Followers 567 Following Synthetic #RWA's on #Arbitrum, #BSC, #Polygon, #Base and #ETH Mint Stake Trade 24/7. https://t.co/spy47OcDdh $PoisonOllie | 🗡️ @olliebloc
3K Followers 847 Following TME @blocmatesdotcom | Selectively anti-social stoicAndré Ogle @andre_ogle
197 Followers 894 Following ⟁⟁⟁ TS/Elixir Developer @API3DAO @ChainAPI. I like lifting heavy things.Oracle of Florida @FloridaMoonMan
1K Followers 4K Following Optimistic Futurist | Constructing a united, open, and technologically-driven global society through the power of distributed systems.Kevin Corstorphine @Kcorstor
151 Followers 496 FollowingBillyjitsu ⟁ @wc49358
2K Followers 2K Following https://t.co/DdeCXH8gD7 - billyjitsu.lens @API3DAO Developer Relations ⟁ @developer_dao Workshop and Hackathon Lead Smart Contract Developer.Ünal Gökçe Oskay @gokceoskay
932 Followers 2K FollowingOEV Network by API3 @OEVNetwork
1K Followers 2 Following Oracles that pay you. 🪙 Powered by @0xPolygon CDK.Mantle @0xMantle
631K Followers 43 Following Mantle | Mass adoption of decentralized & token-governed technologies. With Mantle Network, Mantle Treasury, and token holder-governed product initiatives.MNT Intern @0xMantleIntern
334 Followers 260 Following I may or may not run @0xMantle... These are the posts I would get fired for sending👇Midhav ⟁ ⟁ ⟁ @MidhavVR
500 Followers 191 Following @0xEBSS | @API3DAO | My opinions are endorsed by the company you work forByzantine General @ByzGeneral
188K Followers 378 Following Cartoon tiger pressing buttons. Ambassador @vertex_protocol Ambassador @MetisL2 Advisor @VeloData0xwagmi @Winnersample
110 Followers 518 FollowingKen_K ⟁ @Ben_BlackWhite
1K Followers 3K Following Ecosystem Lead @API3DAO ⟁ l D_D #3232 l Work in silence and let your success make noise.HefBundy @RealHefBundy
83 Followers 288 FollowingBobbes™️ @yachtmaster8989
1K Followers 415 Following DYOR is not a handbag ||| Bitcoin ||| API3 ||| and many moreAPI3 Ecosystem ⟁ @API3ECO
519 Followers 272 Following Mapping & tracking all players in the @API3DAO ecosystem. Onboard at https://t.co/lmn2MHIFTx Developer resources at https://t.co/eBcWOBQ0ZmAPI3 @API3DAO
59K Followers 271 Following Verifiable. Decentralized. Straight from the source. Market - https://t.co/yZ6yksm9re Dev Resources - https://t.co/8LBNyN3EdD Discord - https://t.co/hQJQPg3Gm1Joe Grech 🦇🔊 (e.. @JoeBGrech
24K Followers 3K Following Founder @FanMarketCap, Marketing @API3DAO, prev: Crypto at @Chiliz - Interested in Crypto, AI, advancements in tech - Hammer @westhamgc Accelerate Everything.Shortly after announcing the $REZ token launch, the price of ezETH flash crashed to 0.5ETH before returning almost to parity. Highly (or even slightly) leveraged users of several lending protocols like Morpho and @GearboxProtocol were liquidated as a result
Morpho used the Redstone feed, and Gearbox used a combination of redstone and Chainlink. These feeds report the $ value based on the liquidity available and current traded price. This can be poor for LSD assets -selling 25 ezETH would drop price by almost 2% on mainnet
Some lending protocols that allowed ezETH collateral had no liquidations though - @MendiFinance on Linea, along with the lending protocols on @Blast_L2 as examples. Why?
The unaffected protocols use API3’s exchange rate feeds. Exchange rate feeds simply bridge the rate at which ETH can be swapped for the LSD asset on mainnet (where the deposit contract is) to the dapp intending to use LSD pricing.
For ezETH this exchange rate varies based on the yield accrued by @RenzoProtocol , and based on any slashing events. Over time, if no slashing, ezETH will be worth more and more ETH to reflect the APY paid to Renzo. If there is slashing, this will go down
To determine $ price, the exchange rate is then multiplied by the price of ETH in $ to determine the value of ezETH. Exchange rate pricing prevents poor on-chain liquidity being able to be used to manipulate price, triggering liquidations
In the event of an artificial disparity between on chain price and exchange rate price, opportunities for arbitrage appear and should rapidly correct the on chain price x.com/lookonchain/st…
czsamsunsb.eth made 121.65 $ETH in just 2 hours after $EZETH(Renzo Restaked ETH) depegged! He spent 4,099 $ETH to buy 4,221 $EZETH successfully, making 121.65 $ETH! etherscan.io/address/0xaa15…
API3 provides 12 different LSD asset feeds using this reliable method, and can help lending protocols both improve their TVL by supporting them, and recapture TVL through oracle extractable value
The ezETH depeg this morning showed the true value of exchange rate based price feeds for LSD tokens. API3's LSD asset feeds are all exchange rate based. A thread 🧵⤵️
This is why you need an end-to-end oracle service. You can’t provide prices on your own chain and put 100 dependencies on projects to run to consume your prices. You increase risk with every dependency. With us you simply consume prices. Nothing to think about or run.
🚨ATTENTION 🚨 $PYTH shit the bed. Their dollar-store oracles crashed last night and all dapps using their supreme better - than - $LINK services were hung out to dry. You wouldn’t read about it.
We're excited for the launch of @XLayerOfficial and are committed to supporting their builders. 💪 API3's oracle stack will be deployed on X Layer soon, giving developers access to over 160 decentralized data feeds integrated with @OEVNetwork to recapture protocol MEV.
Are you a DeFiooooor and going to Token2049? Tell your friends and join us and @DWFLabs for #DEFIDRINKS with a stunning view of the Burj Khalifa in partnership with our friends @0xMantle ✨ lu.ma/defidrinks
Mark your calendars! It's going to be a great event. 💥 Details for registration below: 👇
Are you a DeFiooooor and going to Token2049? Tell your friends and join us and @DWFLabs for #DEFIDRINKS with a stunning view of the Burj Khalifa in partnership with our friends @0xMantle ✨ lu.ma/defidrinks
The PENDLE/USD price feed is now available on the API3 Market. $PENDLE is the native governance token of @pendle_fi's permissionless yield-trading protocol. Start using this new data feed to build onchain products across 17 blockchains today. 🛠️
Whatever your tribe or tech stack is at the end of the day we’re all here for the same mission.