API3 宣布推出 OEV 網絡，這是用於重新捕獲與 Oracle 更新相關的協定 MEV 的第 2 層解決方案

API3 宣布推出 OEV 網絡，作為 API3 Oracle Stack 的組成部分，使使用 API3 資料來源的協定能夠重新獲得因協定 MEV 造成的價值損失。

API3 has announced the launch of the OEV Network as an integral part of the API3 Oracle Stack, enabling protocols using API3’s data feeds to recapture value lost due to protocol MEV. The OEV Network enhances the API3 Oracle Stack on all 37 networks that it is available on, marking a significant milestone in the evolution of oracle infrastructure for securing DeFi protocols.

API3 宣布推出 OEV 網絡，作為 API3 Oracle Stack 的組成部分，使使用 API3 資料來源的協定能夠重新獲得因協定 MEV 造成的價值損失。 OEV 網路增強了所有 37 個可用網路上的 API3 Oracle Stack，這標誌著用於保護 DeFi 協定的 Oracle 基礎架構發展的一個重要里程碑。

OEV Network is a Layer 2 solution powered by Arbitrum Orbit that creates an efficient market around oracle updates, allowing searchers to bid for valuable oracle updates like in the case of liquidations on lending protocols. The proceeds from these oracle update auctions are then programmatically returned back to the protocol that generated the value allowing for the potential recapturing of millions of dollars a year.

OEV 網路是由 Arbitrum Orbit 提供支援的第 2 層解決方案，它圍繞著預言機更新創建了一個有效的市場，允許搜尋者競標有價值的預言機更新，就像貸款協議清算的情況一樣。這些預言機更新拍賣的收益隨後會以編程方式返還給產生價值的協議，每年可能重新獲得數百萬美元。

So far this year, Aave V3 has already paid out $23.4 million to searchers across all chains. Similarly, Venus has paid out $5.8 million this year. Lending protocols like Aave and Venus pay in the millions each year in liquidation bonuses to third party agents like searchers to maintain the health of their protocol. With API3’s OEV Network, this paradigm is set to shift towards lending protocol being paid instead for liquidation opportunities.

今年到目前為止，Aave V3 已向所有連鎖店的搜尋者支付了 2,340 萬美元。同樣，維納斯今年也支付了 580 萬美元。 Aave 和 Venus 等借貸協議每年向搜尋者等第三方代理商支付數百萬美元的清算獎金，以維持其協議的健康發展。借助 API3 的 OEV 網絡，這種範式將轉向透過支付借貸協議來獲得清算機會。

“Lending protocols manage the risk of their loans by incentivizing searchers with liquidation bonuses for timely liquidations. Data shows that they are severely overpaying for this service, especially for the larger positions that are being liquidated,” said Ugur Mersinlioglu, API3 Strategy Lead. “Interestingly enough, the searchers performing the liquidations aren’t the main benefactors of these incentives. Liquidations are an easy strategy to perform and as such the competition for them is quite aggressive. Currently, this competition takes place on the blockspace level, where searchers outbid each other to get their transaction included first, resulting in them giving up 99% of the available incentive to block builders. With OEV Network, we are changing where this competition takes place. Instead of competing in blockspace auctions to get your transaction included first, searchers will compete for the right to perform oracle updates that allow for liquidations, with the proceeds of these auctions being programmatically returned to dApps. With liquidation incentives ranging between 5-20%, utilizing API3’s Oracle Stack will allow dApps to recapture multi-million dollar opportunities.”

「貸款協議透過清算獎金激勵搜尋者及時清算來管理貸款風險。數據顯示，他們為這項服務支付了嚴重過高的費用，尤其是對於正在清算的較大頭寸，」API3 戰略主管 Ugur Mersinlioglu 表示。 「有趣的是，執行清算的搜尋者並不是這些激勵措施的主要受益者。清算是一種易於執行的策略，因此競爭非常激烈。目前，這種競爭是在區塊空間層面上進行的，搜尋者相互競價以首先獲得他們的交易，導致他們將 99% 的可用激勵放棄給區塊構建者。透過 OEV Network，我們正在改變比賽的舉辦地點。搜尋者不會在區塊空間拍賣中競爭以首先包含您的交易，而是競爭執行允許清算的預言機更新的權利，這些拍賣的收益會以編程方式返回給 dApp。憑藉 5-20% 的清算激勵，利用 API3 的 Oracle Stack 將使 dApp 重新獲得數百萬美元的機會。

An Onchain MEV Solution for Every Lending Protocol

適用於每種借貸協議的鏈上 MEV 解決方案

Order-flow auctions have proven to be one of the solutions to minimizing the negative impacts of MEV. Currently, most order-flow auctions rely on off-chain solutions, which despite their sophistication in handling complex computations, often introduce centralization vectors. This necessitates reliance on trusted off-chain parties or intermediaries, like relays, which raises concerns about security, transparency, and accountability in the auction process.

事實證明，訂單流拍賣是最大限度減少 MEV 負面影響的解決方案之一。目前，大多數訂單流拍賣都依賴鏈下解決方案，儘管它們在處理複雜計算方面非常複雜，但通常會引入中心化向量。這需要依賴可信賴的鏈下各方或中介機構，例如中繼，這引發了人們對拍賣過程中的安全性、透明度和問責制的擔憂。

The OEV Network addresses these design challenges by providing an onchain execution environment to streamline the operational aspects of the auction, like searcher bidding and payments. By using Arbitrum Orbit to power the OEV Network, API3 is able to control the auction execution environment to offer searchers a cheap, fast, and secure bidding process for oracle updates. This shift to using an onchain framework marks a significant step towards creating MEV solutions that are more transparent and accountable, safeguarding the integrity of the auction process.

OEV 網路透過提供鏈上執行環境來簡化拍賣的操作方面（例如搜尋者出價和付款）來解決這些設計挑戰。透過使用 Arbitrum Orbit 為 OEV 網路提供動力，API3 能夠控制拍賣執行環境，為搜尋者提供廉價、快速且安全的預言機更新競價流程。這種向使用鏈上框架的轉變標誌著朝著創造更透明和負責任的 MEV 解決方案邁出的重要一步，從而保障了拍賣過程的完整性。

“We're excited to welcome API3 to the Arbitrum ecosystem. Their groundbreaking solution, the OEV Network, addresses a critical issue affecting the Web3 ecosystem,” said Laura Woods, a spokesperson for Arbitrum Foundation. “The OEV Network has the potential to unlock new opportunities for builders across the ecosystem, as well as allow dApps to recapture value."

「我們很高興歡迎 API3 加入 Arbitrum 生態系統。他們的突破性解決方案 OEV 網路解決了影響 Web3 生態系統的關鍵問題。 “OEV 網路有潛力為整個生態系統的構建者釋放新的機會，並讓 dApp 重新獲得價值。”

API3 also partnered with Caldera to build and operate the OEV Network. Caldera, as a leading Rollup-as-a-Service provider, plays a pivotal role in ensuring that the OEV Network is well-positioned to become the go-to solution for recapturing protocol MEV related to oracle updates.

API3 也與 Caldera 合作建置和營運 OEV 網路。 Caldera 作為領先的 Rollup-as-a-Service 供應商，在確保 OEV 網路處於有利地位，成為重新捕獲與預言機更新相關的協議 MEV 的首選解決方案方面發揮關鍵作用。

Lending Protocols Will Never Be the Same

借貸協議將永遠不同

API3 built the OEV Network as a vertically integrated MEV solution, operating seamlessly on all data feeds on the API3 Market. By leveraging the security of a Layer 2 network to create an efficient market for oracle updates, it not only improves the granularity of the data feeds when it matters most, but also enables protocols to potentially recapture millions of dollars each year.

API3 將 OEV 網路建置為垂直整合的 MEV 解決方案，可在 API3 市場上的所有資料來源上無縫運作。透過利用第 2 層網路的安全性為預言機更新創建有效的市場，它不僅可以在最重要的時候提高資料饋送的粒度，而且還使協議能夠每年重新獲得數百萬美元的潛在收益。

OEV Network was built to scale with the rollup-centric future of onchain finance. By being integrated with all of API3’s data feeds on the API3 Market, lending protocols will have an oracle solution that does more than simply provide data. By utilizing API3 as an oracle, they will be utilizing an oracle that pays them.

OEV 網路的建立是為了適應以匯總為中心的鏈上金融的未來。透過與 API3 市場上的所有 API3 資料來源集成，貸款協議將擁有一個預言機解決方案，其功能不僅僅是提供資料。透過使用 API3 作為預言機，他們將使用支付給他們的預言機。

This newfound revenue has the potential to revolutionize lending protocols as they can utilize this reclaimed value to innovate in various ways–from being distributed to stakers, reducing fees, or simply directing it towards their treasury.

這種新發現的收入有可能徹底改變借貸協議，因為它們可以利用這種回收的價值以各種方式進行創新——從分配給質押者、降低費用，或只是將其用於他們的金庫。

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