API3, the web3 API economy, announces a groundbreaking partnership with Zeru Finance to enhance the security of decentralized finance (DeFi). API3 DAO shared this news with the user community through the X account. Through this partnership, Zeru will utilize the Oracle Stack of API3 to stay updated with the price feeds and to have secure and reliable access to the web3-related data.
Things are heating up on @berachain 🐻⛓️@zerufinance is doing DeFi better by unlocking new opportunities with their zero-collateral loans.
Secured by the API3 Oracle Stack. ⟁ https://t.co/VeiNA169Y2
— API3 (@API3DAO) August 23, 2024
API3’s Strategic Alliance with Zeru Finance for the Better Future of Web3
This strategic bond between API3 is of great significance because of the mutual goal of the FinTech firms to fill the gap between real-world data and on-chain data. Through this collaboration, it’ll be ensured that users will have safe, secure and reliable access to decentralized finance (DeFi).
Moreover, the major and ultimate goal of this strategic alliance is to unlock various opportunities for the users through their zero-collateral loan services. This would give confidence to the crypto community to get financially independent and yield maximum profits by employing zero-collateral loans.
By leveraging the decentralized APIs, both FinTech firms will enable the users and developers to integrate real-world data into on-chain data safely and securely.
This Collaboration Enhances Web3 Data’s Security
This partnership will play a crucial role in ensuring the integrity and accessibility of Web3 data and will enhance the security of DeFi and dApps. It is important to note that the traditional APIs are centralized, hence data information can be compromised but on the other hand, this collaboration is now offering a resilient, reliable and decentralized alternative for data protection.