API3 to Finalize USDB/USD Feed Support on July 8th

API3 has announced that its USDB/USD (Blast) price feed will be sunset on July 8, due to reduced liquidity and trading volume affecting data reliability. Developers are advised to adjust their integrations accordingly to prevent disruptions.

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.