The Governance Token
of the API3 DAO
API3 is the native token of the API3 project. It gives its holders the right to take part in the governance of the API3 ecosystem through the API3 DAO. To generate shares in the API3 DAO, token holders have to stake the API3 tokens into the coverage pool, which also gives them access to weekly staking rewards.Read more about API3 governance from the API3 Whitepaper
Coverage staking pool
By staking your API3 tokens into the coverage staking pool, you take part in providing API3 users with quantifiable security guarantees in the form of coverage. Coverage staking pool funds are used to cover potential financial losses from dAPI malfunctions that the dAPI consumer might incur. As you stake API3 to the coverage pool, you generate shares in the API3 DAO.
Coverage Pool 54,894,430.08 API3
Annual Rewards (APY) 6.98%