Decentralized APIs for Web3
API3 delivers traditional API services to smart contract platforms in a decentralized and trust-minimized way. API3 is governed by a decentralized autonomous organization (DAO), namely the API3 DAO. API3's code is open source, and its operations are transparent. API3 is an ERC-20 utility token. Token holders must stake their assets in API3’s insurance collateral pool to participate in the protocol's governance.