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The instETH/stETH Exchange Rate Launches on the API3 Market

Twitter icon  •  Published 8 hours ago  •  Hassan Maishera

On Saturday, the API3 team announced via X that the instETH/stETH Exchange Rate is now available on the API3 Market.

On Saturday, the API3 team announced via X that the instETH/stETH Exchange Rate is now available on the API3 Market. $instETH is a liquid restaking token (LRT) by the Inception Protocol that allows users to restake their stETH to earn yield while retaining liquidity and the ability to participate in DeFi.

Thanks to this latest development, the new data feed is now available on 37 blockchain networks. 

API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $1.601, 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.