API3 Partners with Ankr to Expand Offerings for Liquid Staking Tokens

We are proud to announce our partnership with Ankr, a leader in Web3 infrastructure that provides high-performance RPC and API services. This collaboration highlights an essential addition to our providers offering cryptographically secure and verifiable data for powering our decentralized data feeds, including liquid staking tokens (LSTs) and liquid staking tokens (LRTs).

Ankr’s Web3 API service enables blockchain interactions for developers, dApps, and end-users as they execute transactions and fetch data across 60+ chains. Their globally distributed network of nodes offers best-in-class API performance, ensuring robust and reliable connectivity to real-time data. With Ankr’s multichain API services, this integration enables precise and up-to-date asset valuation, critical for the operation of our verifiably decentralized price feeds for LSTs.

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. The partnership will offer developers expanded access to a wide variety of real-time data for popular cryptocurrencies, 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 with Ankr 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 Ankr, 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 Ankr 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 Ankr

Ankr is an all-in-one Web3 developer hub that provides a full suite of tools to build Web3 apps and power them with high-performance APIs for 60+ blockchains. They provide multi-chain dApp development tools, blockchain engineering services, crypto staking solutions, and a globally distributed node infrastructure that makes it all possible. Ankr’s solutions make it easy for anyone to build and earn on Web3 and participate in the crypto economy for a more decentralized, democratic, and user-owned web experience.