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API3 collaborates with Caldera to launch the OEV network infrastructure
On July 5th, DecentralizationOracle Machine API3 officially announced a collaboration with Caldera to launch an Oracle Machine-powered Extractable Value (OEV) network driven by Arbitrum Orbit. API3 states that OEV Network is a Layer 2 solution that aims to update Oracle Machine data through a dedicated order flow auction, enabling seekers to bid on valuable Oracle Machine updates (such as liquidations) without having to bribe Block producers, and allowing their transactions to be confirmed on the Mainnet first. The auction proceeds are returned to the DApp in a programmable manner.