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Elara Launches on the API3 Network

Twitter icon  •  Published 2 hours ago  •  Hassan Maishera

On Tuesday, the API3 team announced via X that Elara is now part of the API3 ecosystem.

On Tuesday, the API3 team announced via X that Elara is now part of the API3 ecosystem. Elara is now leveraging API3's first-party Oracle stack for their lending platform on Zircuit.

Elara is a lending protocol on Zircuit that leverages dynamic liquidity balancing and cross-pool borrowing, dual-pool structure for optimal security and user experience, and automated yield optimization with ElaraVault.

With the OEV Network integrated with all API3 data feeds, Elara can also start recapturing protocol MEV, unlocking even more opportunities for innovation.

API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $1.978, down 3.5% 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.