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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API3

Kinetix is now utilizing cutting-edge data feeds from @API3DAO 🤝

These decentralized data feeds or dAPIs allow traders on the Kinetix hub to benefit from verifiable on-chain data sourced directly from high-quality data providers 🧡⚙️

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We are excited that @KinetixFi has integrated our fully verifiable, decentralized data feeds to support the growth of DeFi on @KAVA_CHAIN .

Kinetix is using dAPIs for their robust derivatives platform, which is one of the cornerstones of their user-friendly DeFi hub.