dxFeed is presently a true-time market place information supplier for quite a few Web2 APIs in the international fiscal market. The implementation of Airnode API3 will enable dxFeed to transparently and effectively present selling price reference information to several Web3 shoppers.
DxFeed’s principal emphasis is to present fiscal information and providers to a wide range of business institutions. With the implementation of Airnode, dxFeed seems to be a big stepping stone to winning above six million Web3 finish consumers and 200,000 Web2 clients.
Airnode enables dxFeed to handle a 1st celebration oracle that powers dApps by a transparent and scalable architecture degree without the need of the have to have for other intermediaries.
dxFeed is like a bridge in in between DeFi and standard finance. dxFeed joined the API3 Alliance final summer season with the aim of bridging the gap in between standard finance and the emerging blockchain economic climate.
Why is substantial-high quality pricing benchmark information critical to Web3?
Stablecoin more and more critical roles in DeFi, as they are generally employed to bridge the gap in between the standard economic climate and the crypto economic climate.
Therefore, correct DeFi pricing benchmarks are crucial for preserving investor self confidence in stablecoins, loans, swaps, curiosity generators, funds markets, and a wide range of other providers. In addition, dxFeed also gives quite a few new open fiscal applications this kind of as stocks, futures, index selections, FX, cryptocurrencies …
Likewise, on-chain foreign exchange-like markets can also leverage the international attain of Forex to electrical power the international foreign exchange market place. These markets are more and more facilitating global funds transfers and cross-border payments, which can now be produced by an effective, transparent and independent information oracle like API3.
API3 Airnode is laying the basis for the zero-middle oracle architecture by starting to be the Oracle answer for Web3 applications that have to have transparent and safe information to run in wise contracts. which usually means decentralized application developers and entrepreneurs can fully grasp the origin and popularity of pricing benchmark information.
Hence, API3 is enthusiastic to companion with dxFeed to supply remarkably trustworthy API endpoints on-chain by a scalable architecture for Web3 developers.
Oleg Solodukhin, CEO of dxFeed, shared:
“We are committed to our mission to partner with API3 to unlock the potential of blockchain information by bringing high-quality data into blockchain-connected environments such as smart contracts and DeFi, helping the next generation follow the reach of the web to its potential.”
Heikki Vänttinen, co-founder of API3, adds:
“The API3 alliance represents the first incarnation of a thriving community of API vendors using API3’s oracle Airnode middleware to deliver proven Web2 services, now accessible to the large-scale decentralized Web3 ecosystem.”
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