API3 Partners with Alchemy to Expand Offerings for Liquid Staking Tokens

We are excited to announce our partnership with Alchemy, a leader in driving the next transformative shift in blockchain infrastructure. Alchemy provides the platform layer that empowers developers to build innovative applications and tap into the full potential of blockchain technology. This partnership expands our network of RPC providers that provide cryptographically secure and verifiable data for powering our multi-source data feeds, including those for liquid staking tokens (LSTs) and liquid restaking tokens (LRTs). 

Alchemy is on a mission to provide developers with the fundamental building blocks they need to create the future of technology. As a leading blockchain infrastructure provider, Alchemy offers a suite of powerful tools and services that enable developers to seamlessly build and scale decentralized applications. Central to its offerings are comprehensive Chain APIs, which provide access to JSON-RPC services across multiple supported chains. 

Renowned for its reliability and robust technology, Alchemy has become an integral partner for projects requiring consistent and precise blockchain connectivity. Its multichain RPC services ensure that blockchain applications can function with up-to-date, accurate data, a critical factor for maintaining operational integrity and security. 

As one of the high-quality, reputable providers powering our decentralized data feeds, this partnership is a crucial step towards bringing real-world data onchain in a verifiable and decentralized way. With this integration with API3, Alchemy’s multichain RPC services contribute to precise and current asset valuations, which are essential for powering our multi-source data feeds for LSTs and LRTs.

Streamlining LST Operations

As the DeFi landscape evolves, API3 is doubling down on assets crucial for the long-term performance and composability of Layer 2 ecosystems. Our partnership withAlchemy plays a vital role in this strategy by streamlining the operation of LST price feeds to ensure DeFi protocols are well-equipped to meet the demands of a competitive Layer 2 landscape.

In the emerging rollup-centric future, the ability to offer enhanced capital efficiency and unlock new yield opportunities offered by LSTs and LRTs will define the success of blockchain networks. Through our collaboration with Alchemy, API3’s Oracle Stack is designed to meet these demands by facilitating scalable and interoperable data feeds across multiple chains. This ensures that protocols building in a multi-chain environment can efficiently access the data feeds they need to thrive. 

Redefining onchain data around source transparency

API3’s vision is to redefine the standards for onchain data by pioneering decentralized data feeds that facilitate a direct connection between data providers and smart contracts. This first-party oracle architecture ensures end-to-end transparency and significantly improves data security and reliability through the aggregation of multiple data sources into each data feed. 

We are committed to building an open, decentralized web and are happy to welcome Alchemy into our growing network of data providers powering blockchain applications with next-generation oracle solutions. Builders can utilize the API3 Oracle Stack across 37 blockchains on the API3 Market, with the ability to verify the source and degree of decentralization of those data feeds onchain. 

About Alchemy

Alchemy is the leading developer platform for Web3. Alchemy empowers developers to turn the technology of blockchain into incredible experiences for consumers. We take care of the hard parts of building on blockchain by providing developer that provide the industry’s best reliability, scalability, and accuracy. Any developer can use our platform to transform their ideas into products that reach millions of people around the world.