API3 宣布推出 OEV 网络，这是一种用于重新捕获与 Oracle 更新相关的协议 MEV 的第 2 层解决方案

API3 宣布推出 OEV 网络，作为 API3 Oracle Stack 的组成部分，使使用 API3 数据源的协议能够重新获得因协议 MEV 造成的价值损失。

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 网络，作为 API3 Oracle Stack 的组成部分，使使用 API3 数据源的协议能够重新获得因协议 MEV 造成的价值损失。 OEV 网络增强了所有 37 个可用网络上的 API3 Oracle Stack，这标志着用于保护 DeFi 协议的 Oracle 基础设施发展的一个重要里程碑。

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 网络是由 Arbitrum Orbit 提供支持的第 2 层解决方案，它围绕预言机更新创建了一个有效的市场，允许搜索者竞标有价值的预言机更新，就像贷款协议清算的情况一样。这些预言机更新拍卖的收益随后会以编程方式返还给产生价值的协议，每年可能重新获得数百万美元。

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.

今年到目前为止，Aave V3 已向所有连锁店的搜索者支付了 2340 万美元。同样，维纳斯今年也支付了 580 万美元。 Aave 和 Venus 等借贷协议每年向搜索者等第三方代理支付数百万美元的清算奖金，以维持其协议的健康发展。借助 API3 的 OEV 网络，这种范式将转向通过支付借贷协议来获得清算机会。

“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.”

“贷款协议通过通过清算奖金激励搜索者及时清算来管理贷款风险。数据显示，他们为这项服务支付了严重过高的费用，尤其是对于正在清算的较大头寸，”API3 战略主管 Ugur Mersinlioglu 表示。 “有趣的是，执行清算的搜索者并不是这些激励措施的主要受益者。清算是一种易于执行的策略，因此竞争非常激烈。目前，这种竞争是在区块空间层面上进行的，搜索者相互竞价以首先获得他们的交易，导致他们将 99% 的可用激励放弃给区块构建者。通过 OEV Network，我们正在改变比赛的举办地点。搜索者不会在区块空间拍卖中竞争以首先包含您的交易，而是竞争执行允许清算的预言机更新的权利，这些拍卖的收益会以编程方式返回给 dApp。凭借 5-20% 的清算激励，利用 API3 的 Oracle Stack 将使 dApp 重新获得数百万美元的机会。”

An Onchain MEV Solution for Every Lending Protocol

适用于每种借贷协议的链上 MEV 解决方案

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.

事实证明，订单流拍卖是最大限度减少 MEV 负面影响的解决方案之一。目前，大多数订单流拍卖都依赖于链下解决方案，尽管它们在处理复杂计算方面非常复杂，但通常会引入中心化向量。这就需要依赖可信赖的链下各方或中介机构，例如中继，这引发了人们对拍卖过程中的安全性、透明度和问责制的担忧。

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 网络通过提供链上执行环境来简化拍卖的操作方面（例如搜索者出价和付款）来解决这些设计挑战。通过使用 Arbitrum Orbit 为 OEV 网络提供动力，API3 能够控制拍卖执行环境，为搜索者提供廉价、快速且安全的预言机更新竞价流程。这种向使用链上框架的转变标志着朝着创建更加透明和负责任的 MEV 解决方案迈出的重要一步，从而保障了拍卖过程的完整性。

“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."

“我们很高兴欢迎 API3 加入 Arbitrum 生态系统。他们的突破性解决方案 OEV 网络解决了影响 Web3 生态系统的一个关键问题。”Arbitrum 基金会发言人 Laura Woods 说道。 “OEV 网络有潜力为整个生态系统的构建者释放新的机会，并让 dApp 重新获得价值。”

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 还与 Caldera 合作构建和运营 OEV 网络。 Caldera 作为领先的 Rollup-as-a-Service 提供商，在确保 OEV 网络处于有利地位，成为重新捕获与预言机更新相关的协议 MEV 的首选解决方案方面发挥着关键作用。

Lending Protocols Will Never Be the Same

借贷协议将永远不同

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 将 OEV 网络构建为垂直集成的 MEV 解决方案，可在 API3 市场上的所有数据源上无缝运行。通过利用第 2 层网络的安全性为预言机更新创建有效的市场，它不仅可以在最重要的时候提高数据馈送的粒度，而且还使协议能够每年重新获得数百万美元的潜在收益。

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 网络的建立是为了适应以汇总为中心的链上金融的未来。通过与 API3 市场上的所有 API3 数据源集成，贷款协议将拥有一个预言机解决方案，其功能不仅仅是提供数据。通过使用 API3 作为预言机，他们将使用支付给他们的预言机。

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.

这种新发现的收入有可能彻底改变借贷协议，因为它们可以利用这种回收的价值以各种方式进行创新——从分配给质押者、降低费用，或者只是将其用于他们的金库。

As we step into

当我们步入