On Saturday, the API3 team announced via X that the insfrxETH/sfrxETH Exchange Rate is now available on the API3 Market. $insfrxETH is an LRT by Inception, giving users on Fraxtal auto-compounding rewards and boosting capital efficiency.
Thanks to this latest development, developers can start using this new data feed to build onchain products.
API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $1.724, up 3% in the last 24 hours.