Num Finance, an Argentina-based company, has launched nCOP, a stablecoin tied to the Colombian peso, aiming at the remittance market. Polygon zkEVM has also seen increased participation, with over 400,000 addresses having engaged on-chain, more than doubling since July 1st. Deposits onto the mainnet have surpassed $110 million thus far.API3, a blockchain Oracle provider, is introducing a managed data feed service to Polygon zkEVM, a service that complements their existing first-party Oracle services for Polygon zkEVM since April. This new managed dAPI (decentralized data feed) service from API3, available on the API3 Market, empowers developers to utilize aggregated data from multiple sources delivered by first-party oracle nodes, all natively aggregated on the chain. This innovation addresses challenges in the DeFi ecosystem, where lending protocols and DEXs depend on real-time market data through oracles.The industry recognizes the importance of push oracles in DeFi applications such as Aave, Compound, and DEXs. Jack Melnick from Polygon Labs expressed enthusiasm about API3’s deployment on Polygon zkEVM, emphasizing how integrating managed dAPIs with Polygon’s scalable infrastructure is a major step towards a more secure and transparent future for decentralized finance.Num Finance has launched nCOP, a stablecoin tied to the Colombian peso, targeting the remittance sector. The nCOP includes the innovative “Num yield functionality,” enabling users to receive rewards in the form of nCOP. API3 is introducing a managed data feed service to Polygon zkEVM, which complements their existing first-party Oracle services. This new service empowers developers to utilize aggregated data from multiple sources delivered by first-party oracle nodes, all natively aggregated on the chain. Jack Melnick from Polygon Labs expressed enthusiasm about API3’s deployment on Polygon zkEVM, emphasizing how integrating managed dAPIs with Polygon’s scalable infrastructure is a major step towards a more secure and transparent future for decentralized finance.
| Information |
Details |
| Geography |
South America |
| Countries |
🇦🇷 🇨🇴 🇵🇪 🇧🇷 🇲🇽 |
| Sentiment |
positive |
| Relevance Score |
9 |
| People |
Agustín Liserra, Jack Melnick |
| Companies |
Num Finance, Polygon zkEVM, Reserve Protocol, Colombian Central Bank, API3 |
| Currencies |
Colombian peso, nCOP, nARS, nPEN, Bitcoin, Ethereum. |
| Securities |
None |
