The existence of OEV has resulted in value redistribution among different stakeholders, and API3 claims to use an auction mechanism to make the OEV redistribution as reasonable as possible (allocated through market mechanisms), and try to bring faster and lower costs price updates.
JinseFinanceThe full name of OEV is Oracle Extractable Value. Oracle essentially uses technical means to artificially create information gaps to make money. OEV is an oracle that uses its price-feeding ability to control the most upstream transactions to steal value that would otherwise go to a third party.
JinseFinanceAPI3 is an innovative first-party oracle. The layer 2 of API3 specifically captures the value of OEV and feeds it back to Dapp so that it can enjoy the benefits.
JinseFinanceIs there another important innovation in the oracle market? API3 launches OEV Network
JinseFinanceAfter UMA announced on January 17 that it would launch the oracle value extraction tool Oval, its price increased more than 2.5 times in just 5 days.
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