1/ Api3 started by building oracle infrastructure for DeFi.
Then we moved up the stack, curating the markets that run on our oracles.
Today we take it one step further.
@purintaxyz: a memecoin money market, live on Ethereum mainnet.
4/ Api3 oracles have OEV natively built in.
The price update is triggered with the liquidation itself.
Positions clear closer to real price, with significantly lower risk, and value that usually leaks to MEV bots flows back to the protocol. ✅
5/ There's no parameter for a lie.
So we built a market on the one collateral that's never told one.
Purinta. Built on @Morpho, priced and secured by Api3. ↓
Purinta is now live. 🟢
- Deposit PEPE or SPX6900.
- Borrow USDC against it.
- Keep your exposure.
Your bags stay yours, and start working for you.
Head to: app.purinta.xyz
DeFi lending will accept a "stablecoin" that's secretly a hedge fund, a governance token that governs nothing, and an "RWA" you have no legal claim to as collateral, but then call memecoins too risky.
The most dangerous collateral is the kind that hides what it is. ↓
Every added middleman is another added point of failure.
Api3 dAPIs are sourced directly from first-party providers. No relayers, no node operator middle layer, no additional trust assumptions.
Smaller attack surface. Lower risk. More transparency.
1/ A few notes on the Api3 dCOMP/USDC vault, since some of you have asked about the elevated APY and 100% utilization.
Short version: this is a liquidity event driven by activity outside the vault. The vault is working as designed. 🧵
6/ Api3 has ~4.7M of our own USDC deposited in this vault (making up 61% of the vault). As with all of our vaults, our capital remains fully deployed alongside yours, on the same terms.
We didn't pull our capital during the volatility, and we're not planning to.
24/7 monitoring isn't a feature. It's a baseline.
Our oracle stack runs continuous integrity checks across every single data feed. @HypernativeLabs plugs into that, adding a specialized layer of proactive threat detection.
Security in depth. Not security as a checkbox. 🛡️
The riskiest collateral in DeFi was never the volatile stuff.
It's the stuff lying about what it is. "Stablecoins" that are leveraged funds, "stocks" you don't own, "utility" wrapped five times with no use case.
You can parameterize volatility. You cannot parameterize a lie.