jakiro
When it comes to the prophet track, of course, everyone will look at the @Chainlink horse, but with the rise of the new performance public chain, the emergence of various new modules in various types of modules, and the prophet track has also begun to be rolled up.
Recently, the market appeared @API3DAO to kill Chainlink. What exactly does API3 do?OEV Network really traces the MEV prediction machine market?Next, talk about my understanding based on the perspective of popular science+business competition.
-How to understand the First-PARTY ORACLE of API3?
Usually, the propheck machine services such as CHAINLINK are composed of data sources (exchanges), data acquisition nodes (API service providers), data processing centers (prophecy machine chains), end users (smart contract project) and so on.
It is equivalent to building a bridge from data source to blockchain applications. It predicts the data of multi -channel node nodes and collects data from different channels. The prophecy machine network will coordinate processing, verify and aggregate these data to reduce errors and eventually feed the price again.Give terminal intelligent contract requirements.
At present, there are two key points in the work process of a prophet:
1) The more API data collection nodes, the richer, accurate and decentralized the collection of data sources, but the API nodes do the work of the ascetic monk, and can only mechanically collect data for “mining”;
2) The more smart contract project parties access by the prophecy machine network, the price processing of the prophecy machine will tend to be “centralized”. The greater the intervention of the data, the higher the trust cost of the end customer.
In essence, the prediction machine network acts as the role of a third -party intermediary platform, so the role and space of the API service node will be relatively limited, and the more authoritative the prediction machine platform itself will fall into the doubt of “centralization”.A pair of irreversible contradictions.
@API3DAO’s first -party prophecy machine is actually removed the intermediate link of the “pre -processing” of the prediction machine platform and directly connect the data source and project party.
For the API node, the role of the master is the role of the owner.Project party;
For the terminal item party, it can work directly with the API nodes at a lower cost, and more flexibly customize and develop special data requirements, and then provide the necessary prophecy support for its innovative application products.
-API3 chose a decentralized, flexible prophecy, the long -tail market
It is not difficult to see that the API3 cuts into a more decentralized and flexible prophet Oracle long -tail market to activate the comprehensive operation and maintenance service capabilities of the API service node as the starting point.Come to build a bridge between the prediction machine and the supplier.How to do it?
API3 mainly contains two core components:
1) AIRNODE provides an API node service provider with a set of basic INFRA from setting up prophecy machine nodes to connecting the project party, so that the API nodes can deploy prophecy machine services with lower cost and lightweight ways.API providers who were not familiar with blockchain technology can also easily become prophet node operators;
2) DAPI is equivalent to a decentralized DAO organization. API nodes use signatures to continuously collect and update data from the data source, while the data demand party smart contract can safely and transparently call data, and pay on demand.The operation and maintenance is provided by the decentralized DAO organization. Through the reward and punishment mechanism of Staking and Slash to transparent and safely manage;
In general, API3 tries to build a prophet market to the middle chain with a lightweight basic INFRA service and the DAO Staking reward and punishment mechanism.The mature ChainLink, the customer group with super fans, and a stable price pre -processing method, is already an unshakable existence.
API3 business strategic thinking and Celestia set off the Layer2 market of DA War to continuously snatch the Ethereum. After all, ChainLink cannot serve all smart contract customers. After all, some lightweight customers pay more attention to cost and cost -effectiveness. After allCustomized data source services, after all, there are always API nodes to explore more comprehensive and rich business methods.
Rather than saying that API3 is to be a ChainLink killer, it is better to think that the API3 must be a powerful supplement to the ChainLink to jointly divide the market together.
As for terminal customers prefer the stable and mature Chainlink service, it is still more inclined to cost low and flexible API3 services, and the choice is exactly the market.In my opinion, it is difficult to threaten Chainlink in the short term, but for a long time, the blockchain application market that combines the combination for a long time is more and more important.
-Oev Network is the maintenance of MEV?
Recently, API3 has built a Layer2 public chain OEV Network based on Polygon CDK. How to understand the application scenario of the public chain?Many API nodes have the permissions of Update data. In the DEFI scenario, if the smart contract triggers a price point, the liquidator can choose to purchase the user pledged assets, so as to obtain arbitrage value after the price is stable.
Under normal circumstances, the liquidator is actually an API node service provider. After all, they have the right to update the price of the smart contract agreement. Before the OEV Network’s governance mode comes out, this clearing behavior may be chaotic.Update data, in order to strengthen the liquidation rights, multiple API nodes may exacerbate the “fluctuations” of the market price. The supplier of the original objective data has become a arbitrage who may disturb the normal market order, and it obviously changes the taste.
However, there is actually no way to curb. Let the API node directly connect to the smart contract project party to enhance the market -oriented operation to reduce platform intervention. For the inner volume and chaos of the market on arbitrage, no third party can be effectively intervened. It can only pass through it. It can only pass through.The governance mechanism is restrained.
OEV Network is equivalent to a set of regulatory governance mechanisms, which stipulates that when the position of DAPPS users is close to liquidation, they can participate in the auction of the DAPI3 network. Those with the highest bid obtained the UPDATE right of the next prediction machine data to obtain the MEV profit of liquidation.
Why did I say it was a modification of MEV?The original 1.0 MEV actually exists and naturally exists. In the process of API nodes and smart contract collaboration, there will inevitably be some situations of market fluctuations. The default is the first API node monitored to compete for cake.
In this case, the market will derive a category of MEV-Buost’s pipelines to specifically handle various MEV liquidation needs, which will make some API nodes take arbitrage as the main appeal point. This obviously deviates from the DAPI open market service of the end customer.The original intention.What to do?
The 2.0 version of the MEV simply transparent the presence of MEV. Since the opportunity of MEV always exists, it is simply the card. With the opportunity of the MEV arbitrage, the API node service party will bid to participate in the liquidation.Users who give DAPPS protocols are equivalent to the value that originally captured from users, and now returned to users.
This actually opened the business structure of the MEV market. The original MEV was a serviceman who served the niche arbitrage, and now MEV has become an opportunity for Volkswagen.
above.
In fact, not only the API3 attempts to take the name as MEV in this way, but the Flashbot 2.0 is also trying to tell a similar story. After allThe business structure can really open a new world.
Note: The strategic card of prophecy machine track is really important. #N #pyth #API3 #Band, etc. Although ChainLink monopolized a large part of the market, the disputes between the forecasm tracks have always been there, and there must be dark horses.Running out is worthy of long -term attention.
