We’re excited to welcome API3 (API3) to our DeFi Innovation Zone on Poloniex today!
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What is API3?
API3 aims to drive a collaborative effort in creating a new generation of blockchain-native, decentralized APIs, or dAPIs for short. To achieve their goal in a fully decentralized way, the incentives of the participants will be reconciled through the governance, security, and value capture utilities of the API3 token. API3 Token (API3) is the native token of the API3 project. It gives its holders the right to take part in the governance of the API3 ecosystem through the API3 DAO. To generate shares in the API3 DAO, token holders have to stake the API3 tokens into the insurance pool. If users stake their API3 tokens into the API3 insurance pool, they can get access to weekly staking rewards. API3 is listed on Poloniex in our DeFi Innovation Zone. Deposit API3 now and begin trading.