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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The state of oracles is a mess.

They help secure >20B of value in DeFi, yet protocols are leaking value due to an underappreciated problem

A short thread on Oracle Extractable Value (OEV)

1/n 🧵