API3 to Be Integrated With Katana

Api3 has integrated with Katana, a DeFi platform focused on fixing incentive misalignments, by supplying secure oracle data feeds with built-in OEV rewards.

API3 Info

API3 is a project that focuses on delivering traditional dAPI services for Web3 applications. The project is governed by a decentralized autonomous organization (DAO), specifically the API3 DAO.

Traditional API services are centralized, meaning they are owned and controlled by individual companies or organizations. This creates a range of issues in terms of transparency, security, and reliability. API3 addresses these problems by offering fully decentralized APIs.

The API3 token is used within the project's ecosystem as a means to incentivize network participants, including node operators and developers, to engage in voting and DAO governance.