Api3 Review: What Can You Use It For?
Api3 is an oracle project and risk curator, but its current public details don’t explain enough about using its services or their costs. Treat this as a starting point, not a full assessment.
By the SkyBitcoins review team · Updated
At a glance
Api3 key facts
| Type | Oracle provider and risk curator |
|---|---|
| Token | API3; fixed supply of 200 million |
| Chains | Ethereum and Base |
| Staking | No new staking rewards |
| Value locked | $13.7M−4.0% 7d |
| Audits | 2 audits listed |
| Updated |
Api3 FAQs
What does Api3 do?
Api3 describes itself as a first-party oracle provider, and it is also categorized as a risk curator. Its stated risk-curation role involves OEV-enabled lending markets that redirect liquidation revenue to dApps and DeFi users.
What is the API3 token supply?
The project’s homepage says API3 has a fixed supply of 200 million tokens and that monthly buybacks are part of the new DAO’s mission. It does not give the buyback amounts or schedule details.
Does Api3 still pay staking rewards?
Api3 says it no longer distributes new staking rewards. Staked tokens retain their voting rights, and previously earned rewards continue vesting; the project encourages stakers to unstake and withdraw tokens as they unlock.
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How we checked
Sources
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