The AP13 team announced via X on Tuesday that Silo Labs has joined the API3 ecosystem by integrating the API3 Oracle Stack to power their lending protocol on Arbitrum.
Silo creates secure lending markets for crypto assets using isolated pools. All API3's price feeds are integrated with OEVNetwork to give Silo a way to recapture any MEV that could leak from the protocol.
API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $1.858, down by 4% in the last 24 hours.