API3 Joins Coin Metrics to Boost Decentralized Data Feeds for Liquid Staking Coins

API3, a prominent decentralized data platform, has announced a partnership with Coin Metrics, a well-known provider of crypto financial intelligence. This collaboration is aimed at strengthening API3’s decentralized data feeds, specifically for liquid staking reward tokens and liquid staking tokens. The partnership allows Coin Metrics to provide verifiable cryptocurrency market data, which powers the latest DeFi protocols. Coin Metrics, known for its secure and transparent data, offers CM Principal Market Prices and CM Reference Rates, covering over 1,000 crypto assets. The integration between API3 and Coin Metrics will enhance API3’s ability to provide decentralized price feeds for LSTs, ensuring precise and up-to-date data for DeFi protocols. This initiative will help restructure price feeds to meet the demands of a competitive Layer 2 environment and support the market’s transition to a rollup-centric future.