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API3 Launches ZK-Rollup Platform OEV Network for Decentralized Web3 Oracle

29/01/2024 22:24

According to Foresight News, decentralized Web3 oracle API3 has announced the launch of its ZK-Rollup platform, OEV Network, designed to capture oracle extractable value (OEV) generated by dApps using API3 data sources on-chain. The OEV Network features a dedicated order flow auction platform, which sells the rights to execute specific data source updates to the highest bidder. The winning bidder pays a fee when executing the data source update, allowing dApps to immediately receive revenue on their native chain. The OEV Network will be supported by Polygon CDK.

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