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Davos Integrates the API3 Oracle Stack

Twitter icon  •  Published för 1 månad sedan  •  Hassan Maishera

On Tuesday, the AP13 team announced via X that Davos has joined the API3 ecosystem by integrating the API3 Oracle Stack.

On Tuesday, the AP13 team announced via X that Davos has joined the API3 ecosystem by integrating the API3 Oracle Stack. 

Davos is now leveraging the API3 Oracle Stack for their lending and borrowing platform on Bitlayer. By fetching the price of wBTC through the API3 Market, Davos ensures accurate, real-time data to support collateral valuation for minting $DUSD.

With DUSD, users can enjoy unmatched stability and rewards. They can effortlessly transfer across networks without liquidity constraints, unlocking additional earning potential beyond the standard DUSD Savings Rate.

API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $1.406, down 1% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.