API3 Partners with dRPC to Expand Offerings for Liquid Staking Tokens

We are proud to announce our partnership with dRPC, a leader in advancing the open internet of the future with their multichain RPC services. This collaboration expands our network of providers that provide cryptographically secure and verifiable data for powering our data feeds, including liquid staking tokens (LSTs) and liquid restaking tokens (LRTs).

dRPC is a gateway designed to provide Web3 developers and users with access to a distributed network of independent third-party partners and public nodes. It allows developers to connect to a wide range of blockchain networks, offering both Archive and Full nodes across more than 50 popular EVM-based chains. dRPC ensures resilience by maintaining high standards of uptime and data accuracy, making it a reliable solution for continuous, uninterrupted blockchain interactions.

As one of the high-quality, reputable providers powering our data feeds, this partnership is a crucial step towards bringing data onchain in a verifiable and decentralized way. With dRPC’s multi-chain services, this integration enables precise and up-to-date asset valuation, critical for the operation of our verifiable, multi-source price 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 with dRPC 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 dRPC, 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 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 dRPC into our growing network of data providers powering blockchain applications with next-generation oracle solutions. Builders can utilize the API3 Oracle Stack across 39 blockchains on the API3 Market, with the ability to verify the source and degree of decentralization of those data feeds onchain.