1/ API3 builds first-party oracle data feeds for EVM networks, connecting Web2 APIs directly to onchain applications. Their B1 Token Transparency Filing received 4 gaps. Token launched December 2020.

@Api3DAO 2/ API3's product is dAPIs: decentralized data feeds operated by the API providers themselves rather than third-party node operators. The network also captures Oracle Extractable Value (OEV) from feed usage and returns 80% of that revenue to partner dApps as OEV Rewards.

3/ The API3 token serves three functions: governance participation, staking rewards, and service-coverage collateral. Stakers deposit API3 into the DAO pool to vote on proposals, earn API3-denominated reward emissions, and delegate voting power. APR adjusts algorithmically based on whether the staked share of total supply is above or below a 40% target. No fixed yield schedule exists. No direct revenue distribution to stakers from OEV capture or dAPI fees was disclosed. The 80% OEV share flows to partner dApps, not to token holders.

4/ Supply snapshot: - Total supply: 100M API3 (inflationary via staking rewards) - Seed round: 10M tokens (10%) — 2-year linear release - Public sale: 20M tokens (20%) — unlocked at purchase - Founders/contributors: 3-year linear release, 6-month cliff

5/ Disclosure transparency: - Market maker agreements: Not disclosed. Team cited confidentiality. - CEX/DEX listing allocations: Not disclosed. Team cited confidentiality. The gaps in this filing are concentrated in market structure disclosures.

6/ Two rounds of token distribution at launch: - Seed round: $3M raised from Placeholder and Pantera in 2020. 10M API3 (10% of supply) sold via SAFT at $0.30/token. - Public sale: ~$23M USDC raised in 2020. 20M API3 distributed.