API3 provides oracle data for decentralized asset management organization HAI »CryptoNinjas

API3 is a data feed provider that provides decentralized management and quantifiable security. It can provide support for Web 3.0 applications without the use of third-party intermediaries. It announced today that it will cooperate with Hedging Inflation (HAI) DAMO (Decentralized Asset Management Organization) Establish the latest partnership.

Hedging inflation is a project designed to minimize the risks associated with the inherent volatility of the crypto market. API3 will provide API data and dAPI supporting Airnode to achieve this.

HAI DAMO aims to provide investors with access to on-chain ETFs, which hold the best assets in different areas of the crypto field. Obtaining these baskets of assets can make it easier for novice investors to access a large number of tokens at the same time, thereby hedging the risk of a single project failure.

Therefore, the creation of crypto-asset ETFs will reduce the barriers to entry for new investors and will also help the maturity of crypto as an asset class.

API3 powers HAI’s decentralized investment tools.


As the structure of DAMO, which is an asset management organization operated by DAO, HAI token holders will control the content of ETFs and manage their agreements.

Initially, HAI will create five ETFs, each covering a different part of the cryptocurrency ecosystem; blue chip projects, DeFi, NFT, growth and stablecoins. The versatility of API3’s API that supports Airnode will help provide accurate pricing data for these assets.

“Compared with other oracle providers, API3 is a clear choice. API3’s Airnode agreement implements accountability on behalf of suppliers, while providing a pricing mechanism similar to standard APIs. Low gas costs and reliable data will enable HAI DAMO can more actively optimize our tokenized ETF.”
– Hunter MacDonald, co-founder of Haidmore

In addition, the cooperation with HAI will also allow API3 token holders to participate in the management of HAI.

“For newcomers in the cryptocurrency field, the learning curve is very steep. A truly decentralized crypto-related ETF will help lower the barriers for investors to enter the blockchain; API3 is very pleased to cooperate with HAI DAMO to create these ETFs.”
-Heikki Vänttinen, Co-founder of API3

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