API3 Delivers Verifiable, Decentralized Data Feeds to Kava

We are excited to announce that API3’s managed dAPIs are available on Kava Chain. Developers on Kava can now access over 120 verifiable, decentralized data feeds powered by first-party oracle nodes, which are operated directly by the data providers.

Kava is the first Layer 1 blockchain to combine the speed and scalability of the Cosmos SDK with the developer power of Ethereum. The hallmark feature of the Kava Chain is its co-chain architecture, enabling developers to build and deploy their projects using either the EVM or Cosmos SDK execution environments with seamless interoperability between the two. The Kava Chain’s unique architecture enables the free flow of users, assets, and projects between Kava and the industry’s most relevant ecosystems at scale, all powered by the lightning-fast Tendermint Core consensus engine.

Developers looking to utilize managed dAPIs on Kava can visit the API3 Market. The API3 Market provides an easy way to browse, access, and manage a wide variety of data feeds, including crypto, forex, equities, and commodities.

Managed dAPIs are changing the way dApps use real-time market data. Delivered as a managed service, they abstract away operational factors like gas management, maintenance, and monitoring. Developers looking to utilize managed dAPIs simply need to read the associated data feed.

“Our collaboration with Kava to integrate managed dAPIs reflects our commitment to scaling DeFi across many different blockchain networks. By integrating managed dAPIs into Kava’s co-chain architecture, developers will be able to simply read a wide variety of real-world data in an environment that combines the scalability of Cosmos SDK and the security of Ethereum,” said Ugur Mersinlioglu, Product Lead at API3.

Simply Read Verifiable, Decentralized Data to Power dApps

API3’s first-party oracle architecture maintains data on-chain directly from the data providers. This decentralized and verifiable design eliminates rent-seeking middlemen and offers a more secure and efficient method of bringing data directly on-chain.

One of the key benefits of the managed service is the ease of use for dApps and chains requiring oracle services. Rather than having to manage their own infrastructure, dApps can simply read data that is directly maintained on-chain. This solution simplifies the way data is maintained and also facilitates dApps quickly and easily migration to Kava from other EVM-compatible chains, allowing for the rapid adoption and scaling of DeFi ecosystems.

API3’s first-party oracle architecture leverages data directly from the source. The oracle nodes are operated by the data providers themselves, bringing cryptographically signed data onto the blockchain. This allows dAPIs to be verified down to the API parameters and aligns with core principles of the blockchain ethos of transparency and on-chain verification.

Protocols like Aave, Compound, and various DEXes all rely on data maintained directly on the consumer chain. API3 addresses this need by maintaining data on the native-chain in a verifiable and decentralized way. With the introduction of managed dAPIs on Kava, developers gain direct access to an assortment of real-world data, including crypto, forex, equities, and commodities straight from the source.

Building the Future of DeFi

As technological innovations continue to improve the core infrastructure necessary for scaling DeFi to the broader world, the mission alignment between Kava and API3 represents the crucial role oracles have to play. The next generation of blockchain oracles should provide improved security and transparency with first-party oracle solutions.

Getting Started with dAPIs

Managed dAPIs are easy to implement and offer a flexible, scalable solution for developers building on Kava. For those new to dAPIs, a developer Getting Started with dAPIs Video is available to guide you through the API3 Market.

For more information about API3 and managed dAPIs, visit the website, follow us on Twitter, or explore the technical documentation.

About Kava

Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, Kava Chain is a trusted choice for developers and users worldwide.