Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

add API3 under oracles.mdx #99

Open
wants to merge 2 commits into
base: main
Choose a base branch
from

Conversation

vanshwassan
Copy link

What is the purpose of the change?

Added API3 under dev-ecosystem-providers/oracles.mdx

Describe the changes to the documentation

Basic developer docs and references for using API3's price feeds on Sei and accessing the API3 Market.

Notes

N.A.

@vanshwassan vanshwassan requested a review from a team as a code owner July 2, 2024 15:06
@cordt-sei
Copy link
Contributor

Please add to the bottom of the list to keep the list in chronological order.


## **API3**

The [API3 Market](https://market.api3.org/) provides access to 200+ price feeds on [Sei Mainnet](https://market.api3.org/sei) and [Testnet](https://market.api3.org/sei-testnet). The price feeds operate as a native push oracle and can be activated instantly via the Market UI.
Copy link
Collaborator

Choose a reason for hiding this comment

The reason will be displayed to describe this comment to others. Learn more.

Suggested change
The [API3 Market](https://market.api3.org/) provides access to 200+ price feeds on [Sei Mainnet](https://market.api3.org/sei) and [Testnet](https://market.api3.org/sei-testnet). The price feeds operate as a native push oracle and can be activated instantly via the Market UI.
The [API3 Market](https://market.api3.org/) offers access to over 200 price feeds on both Sei [Mainnet](https://market.api3.org/sei) and [Testnet](https://market.api3.org/sei-testnet). These price feeds function as a native push oracle and can be activated instantly via the Market UI.


The price feeds are delivered by an aggregate of [first-party oracles](https://docs.api3.org/explore/airnode/why-first-party-oracles.html) using signed data and support [OEV recapture](https://docs.api3.org/explore/introduction/oracle-extractable-value.html).

Unlike traditional data feeds, reading [API3 price feeds](https://docs.api3.org/guides/dapis/) enables dApps to auction off the right to update the price feeds to searcher bots which facilitates more efficient liquidation processes for users and LPs of DeFi money markets. The OEV recaptured is returned to the dApp.
Copy link
Collaborator

Choose a reason for hiding this comment

The reason will be displayed to describe this comment to others. Learn more.

Suggested change
Unlike traditional data feeds, reading [API3 price feeds](https://docs.api3.org/guides/dapis/) enables dApps to auction off the right to update the price feeds to searcher bots which facilitates more efficient liquidation processes for users and LPs of DeFi money markets. The OEV recaptured is returned to the dApp.
Unlike traditional data feeds, accessing [API3 price feeds](https://docs.api3.org/guides/dapis/) allows dApps to auction off the right to update the feeds to searcher bots, improving the efficiency of liquidation processes for users and LPs in DeFi money markets. The recaptured OEV is returned to the dApp.

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
None yet
Projects
None yet
Development

Successfully merging this pull request may close these issues.

3 participants