jakiro
During the bull market in 2022, the asset price of LINK, the leader project of the prophecy, rose from $ 0.35 to $ 53, an increase of 168 times, allowing a number of developers to see the huge opportunities and business opportunities of this track.
In 2024, the bear market market seemed to have reached the end, and there were some prediction machine projects to start to work. They intended to earn excess returns by solving industry pain points.Recently, the industry representative prophecy project API3 announced the launch of OEV Network supported by ZK-Rollup technical support.OEV Network is a special order process auction platform that sells the rights of specific data source updates to those with the highest bid. The winning bidders pay the fee when performing the data source update, so that DAPP can immediately receive benefits on its chain.
>
The following will introduce this platform, and its related important concepts, aiming to seize the value creation opportunities of the DEFI world for readers.
First of all, you can clearly understand the concept of OEV to understand what changes to the field of DEFI data in the field of DEFI data
According to the official statement, OEV Network will be used to capture OEV generated by DAPP using API3 data source on the chain.Therefore, before introducing the project of OEV Network, we need to understand the concept of OEV first.
OEV’s full name is “the prediction machine can extract value”, which is the proposed concept of API3. OEV is part of the miners’ extraction value (MEV). It pays attention to the situation where the application rely on the prophet update is inconsistent.By introducing external data (such as market price) into the chain, it is predicted to create the opportunity to arbitrage and liquidation, thus becoming part of the MEV life cycle.
Unlike MEV independent of the prophet machine, OEV relies on the prediction machine update to trigger the opportunity to capture value capture.For example, after the price change of the center center exchange, the MEV robot may choose an account in the underwater state on the underwater state, which is a typical application scenario of OEV.
In the traditional MEV model, verificationrs and pledges usually benefit, but this is often at the expense of the interests of users (such as liquidity providers).In contrast, OEV allows agreements and applications to capture and allocate these profits to enhance user loyalty and enhance the competitiveness of protocols.
Aside from the complicated concept, OEV is more friendly and more in line with the interests of ordinary people for liquidity providers, which is also more in line with the interests of ordinary people. Therefore, this concept and gameplay are undoubtedly welcomed by the outside world.
Read the workflow of OEV Network, and find one of the potential value opportunities in it
OEV Network is naturally more seductive in the interest mechanism, but for users, it is more convincing to understand what his mechanism is.Next, I will introduce the specific workflow of OEV Network.
>
OEV (prediction machine can extract value) represents a major innovation of value capture mechanism in the DEFI field.The core of OEV is to use the inconsistency between the data on the chain and the data under the chain to create the opportunity to capture value.The working principle of this part can be divided into the following key points:
1. Opportunities of arbitrage with inconsistency: OEV appears based on a simple fact: the state of the application on the chain (such as price information) is sometimes inconsistent with the actual market state under the chain.The role of the prophecy machine is to introduce these external data to the chain, but in the process of updating, this state of inconsistency has become an opportunity for arbitrage.
2. Change the role of the prophecy machine: In the traditional MEV scenario, the eblis can be re -sorted by the transaction to obtain profits.In the case of OEV, the data update of prophecy machine has become the key to value capture.When the prophet machine updates the new market data to the chain, it provides the application with opportunities to use this information difference.
3. Automation and auction mechanism: In order to effectively capture OEV, API3 proposes an automated auction system.This system allows the right to update the prophecy machine to sell the highest bidders through auction.In this way, the winner of the auction can not only execute the data source update, but also capture value from it.
4. Cross -chain operation and scalability: A significant feature of OEV is its cross -chain function.With the help of ZK-RollUP technology, OEV Network can operate efficiently on each chain, thereby expanding the scope and potential of OEV capture.
5. Distribution and over -distribution: The captured OEV not only brings benefits to the verifications and pledges, but more importantly, it can be re -assigned to the parties participating in the agreement, including users and liquidity providers.This distribution mechanism increases the attraction of the DEFI protocol and increases the motivation of user participation.
Through these mechanisms, OEV not only provides a new value capture method, but also increases the overall efficiency and fairness of the DEFI ecosystem.With the development and improvement of API3’s OEV Network, OEV is expected to play an increasingly important role in future DEFI applications.
The distribution of data income of prophecy machines is broad, and revitalizing this track helps to stimulate the enthusiasm of users
The prediction machine project involves data liquidation processing of the web3 world, especially the capture of data information value on the chain. This part actually has a huge market.However, these services cover a variety of roles such as liquidation triggers to block producers. Third parties often use the loopholes of these services to extract maximum value from the DEFI protocol.
>
For example, AAVE has settled a position worth 2 billion US dollars in the past three years, of which more than $ 100 million is used as a liquidation bonus.Although liquidation is necessary, the value distribution in this process still has room for improvement.
In this regard, OEV Network can improve this series of problems to some extent, allow the data distribution process to optimize and improve, and further allows ordinary users to encourage more people to build a more prosperous and stable DEFI world.
