jakiro
Author: haotian, independent researcher Source: X,@tMel0211
How to think of @API3DAO, known as the dark horse of the prophet track?Recently, the news that DWFLABS led the API3 4 million US dollars has also aroused the market’s discussion on API3 growth potential.Compared with the prophet service providers such as Chainlink and Pyth, the API3 protocol “lightweight” integration method, as well as DAO governance models such as API3 Market +OEV Network, so that it shows a broader business imagination space.Next, talk about my opinion:
1) In short, API3 is an Oracle connector of direct connection API data provider -driven API data provider -driven API data provider and DAPP smart contract data demander.Different from Chainlink’s “middleware” node to serve the third -party network, API3’s first -party prophecy machine eliminates the “trust” link of the third -party network.
Cutting into the Oracle market in an open source agreement integration means:More lightweight and customized, AIRNODE of API3 allows “nodes” that meet basic operation and maintenance capabilities to deploy prophecy machine services in a lightweight manner, Especially some API providers with data sources can directly supply the original data to DAPP smart contract demanders through AirNode.
For example: the main network, and even the test network of some emerging public chains can integrate some Price data information.If you want to be a data source of ChainLink, the API node can only wait passively, and through the API3 protocol, you can actively or even customize exclusive Oracle price services.Theoretically, as long as the API3 node meets the integrated framework of the AIRNODE protocol and follows the pledge governance process of the API3 DAO, it can be quickly, low -cost, and efficiently adding the Oracle service network.
If the prophetic aircraft such as Chainlink will gradually prefer the mid -and and head DAPP application project with the brand’s enhancement, the API3 is cut in a broader long -tail DAPP application market.
Some people say that the open source protocol should not be collected, aggregated and adapted data, and should also be regarded as a “middleware”. Yes, the problem is that this intermediate protocol focuses on providing integration methods and methods and methods of integration to Oracle services.The governance standards and specifications are open source and transparent standards. The API data provider can “actively” choose to access.And other third -party Oracle intermediate service networks have independent nodes and governance mechanisms, what data to screen, how to feed the contract price, how to handle potential liquidation arbitrage opportunities, and so on.There are essential differences between the “transparency” and “reliability” and “transparency” of the “high efficiency” and “reliability” service of this middleware network and the pursuit of open source agreements.
2) API3 based on Polygon CDK API3 Market and OEV Network, which is essential to change the Oracle prophecy machine market structure, which is equivalent to putting the potential “arbitrage” cakes in the business process in the prophecy business process with more open, transparent and orderly governance rules.On the right side.
The API3 Market goal provides developers with convenient and low -cost data integration services, which can quickly integrate with the new network, which is equivalent to a Oracle Stack stack service to provide developers with seamless and friendly tool services.This will reduce the threshold of the data source into the API data supplier and the data demand party DAPP, and further expand the scale effect of the API3 in the long -tail Oracle market.
OEV Network, as a LAYER2 prophet chain, has not yet officially launched, but its goal is to use a set of open and transparent governance mechanisms to use the original Oracle data supplier to obtain the “arbitrage” opportunity through data liquidation rights to obtain the opportunity of “arbitrage” opportunitiesCake returned to users by public auction and profit distribution.
In my opinion, this is a trend that Oracle’s prediction machine market must evolve, and it is also the key to changing the business structure of the MEV market.
To deeply understand the significance of Oracle breakthroughs such as OEV Network, you can use the latest sentence of Vitalik: “DAO” means the project, and “Office” means a scam.The significance of the existence of decentralized governance mechanism is to allocate the hidden profits with a more fair mechanism, and not to make it a “motivation” for nourishing corruption and disrupting normal market order.Imagine that if the Oracle node feeds the DAPP price, there will inevitably be a liquidation opportunity. The node supplier and the liquidator with a liquidation qualifications can seek to collect MEV profits together, which cannot be fair.
And if the liquidation qualifications are made into a “auction” mechanism, the highest bid is the update right to get the next prophecy data, that is, the MEV profit, and then OEV Network will distribute the profits obtained from it to DAPP users, which is equivalent to the user’s body.Profit returned to users.In this way, it does not affect the power of the API node to settle the person, nor will it hurt the user, and it will be done.
3) From the perspective of a business perspective, the ceiling of API3 will be higher on the ceiling of the forecasm track.Because it cuts in with the low threshold of open source protocol+seamless integration tools, as long as the “node Operator” with basic node operation and maintenance capabilities can choose to join the “mining” in the Oracle decentralized governance network provided by API3.This means that Ethereum Ecological AVS (active verification service) node service party, such “enhanced” nodes, can access the API3 prophet network, expand new business growth direction for its AVS network, and then consolidate itThe underlying RESTAKING economic model.
The logic is not difficult to understand. The lightweight integration method of the open source protocol is selected, and its business prospects will definitely be wider.Moreover, the main Oracle competing products such as ChainLink and Pyth have chosen to prefer the DEFI financial scene. For them, they choose DEFI customers who occupy most of the liquidity.These are places where API3 can start Lenovo.In addition to DEFI, it can play a role in RWA, foreign exchange, stock, futures, futures, smart transportation, smart medical, smart home, and even real -time feeding and training of large model data.
In short, the open source technical agreement and the DAO governance framework will indeed have more commercial imagination space. Any areas such as prediction machines, ZKVM, and ZK cross -chain bridge can be broken in this way.
