Davos is now leveraging the API3 Oracle Stack for their lending and borrowing platform on @BitlayerLabs. By fetching the price of wBTC through the API3 Market, Davos ensures accurate, real-time data to support collateral valuation for minting $DUSD.
Davos is unlocking the power of LRTFi with its Omnichain Stablecoin and Savings Rate Token, offering DeFi users a strategic way to leverage:
With DUSD, users can enjoy unmatched stability and rewards. Effortlessly transfer across networks without liquidity constraints, while unlocking additional earning potential beyond the standard DUSD Savings Rate.
We’re thrilled to welcome @drpcorg to our expanding network of data providers, delivering cryptographically secure and verifiable data for our multi-source data feeds for LSTs and LRTs.
With dRPC’s extensive coverage of EVM-based chains, we’re strengthening our support for the Layer 2 ecosystem. This integration expands access to LSTs and LRTs, driving improved capital efficiency, greater composability, and unlocking new yield opportunities.
Here’s a short thread to understand the basics and to learn why solving OEV will disrupt the oracle landscape. 🧵 https://x.com/API3DAO/status/1841515552977912198/photo/1