API3 Delivers Verifiable, Decentralized Data Feeds to Mantle

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

Mantle Network is a modular blockchain that combines an optimistic rollup with an innovative data availability solution. This allows Mantle Network to inherit the security of Ethereum while also being more cost effective and providing accessible data availability.

“We’re thrilled to collaborate with API3 to bring Mantle Network developers API3’s managed dAPIs to supercharge their dynamic and complex builds. Projects will now have access to a variety of reliable and real-time data feeds on Mantle Network, enhancing the overall building experience for developers,” said Arjun Kalsy, Head of Ecosystem at Mantle.

Developers looking to utilize managed dAPIs on Mantle 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.

“With our collaboration with Mantle, we’re leading a paradigm shift where developers can utilize high-quality real-world data with verifiable source transparency. Our first-party oracle architecture ensures that data on Mantle Network is fully verifiable onchain, truly decentralized, and easy for developers to use,” 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 Mantle Network 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 Mantle Network, 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 Mantle 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 Mantle. 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 Mantle

Mantle Ecosystem comprises an Ethereum layer 2 (L2) — Mantle Network, a decentralized autonomous organization (DAO) — Mantle Governance, one of the largest on-chain treasuries — Mantle Treasury, and an upcoming Ether (ETH) liquid staking product — Mantle LSD: all built on Ethereum. Mantle token is the unified product and governance token of the ecosystem. Mantle is a fast-growing, DAO-led ecosystem whose goal is the mass adoption of decentralized and token-governed technologies.

Mantle’s first core product is Mantle Network, an L2 technology stack for scaling Ethereum. Mantle Network strives to be compatible with the Ethereum Virtual Machine. Mantle Network’s modular architecture separates transaction execution, data availability, and transaction finality into modules — which can be individually upgraded and adopt the latest innovations. Mantle Network is the first L2 to partner with ETH restaking protocol EigenLayer for the data availability module. By adopting a rollup architecture, Mantle Network is secured by Ethereum. As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies.

Mantle token ($MNT) powers Mantle Network as its native gas token and ecosystem growth token, and serves as the governance token of Mantle Governance. All future Mantle products will likewise be initiated by the Mantle token holder community through vote and powered by Mantle token.

To support the next-generation of innovators, builders, and developers, Mantle is growing its ecosystem via Mantle Grants Program and Mantle EcoFund, a catalyzed capital pool of $200M.

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