API3 is a token of a DAO-managed project to create a dAPI. The project features an open and direct management model, the stake holders will receive part of the income from dAPI, inflationary rewards for staking, as well as reserved API3 tokens support the insurance service on the network as collateral.

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Exciting news! @lendlexyz is now using dAPIs to power their decentralized, non-custodial lending and borrowing market on @0xMantle .

Lenders can now supply $mETH as collateral on Lendle to take advantage of the liquid staking rewards on Mantle.

Exciting news.