API3 Emissions End as Primary Proposal 17 Caps Supply at 200 Million
The same proposal retired the project's Aragon DAO and moved governance to Snapshot voting, with the team promising more detail within days.
Key Takeaways
- API3 executed Primary Proposal 17 on November 4, 2026, ending token emissions permanently.
- The maximum supply of API3 is now fixed at 200,000,000 tokens.
- The Aragon DAO was retired and API3 governance moved to Snapshot voting.
- The project said it would share more detail about the new setup in the coming days.
Primary Proposal 17 was executed on November 4, 2026, ending emissions of API3 (API3) and fixing the oracle token's maximum supply at 200 million. The same proposal retired the Aragon DAO and moved governance to Snapshot voting, according to the Api3DAO announcement.
What Primary Proposal 17 Changed
API3 is an oracle project that brings data from API providers directly to smart contracts. Until November 4, new API3 tokens entered circulation through emissions. Primary Proposal 17 stopped that flow for good. The end of emissions permanently caps supply at 200,000,000 API3, so the total can no longer grow through minting. The proposal cleared a community vote before it was executed, and the project thanked everyone who took part.
When Did API3 Emissions End?
API3 emissions ended on November 4, 2026, the day the proposal was executed onchain. Before that date, emissions were the main source of new API3 supply. After it, the 200 million token figure is final unless governance approves a new change. The project marked the moment with a short post that read "A new era for API3 starts now" and said it would explain what comes next in the following days.
Governance Moves From Aragon to Snapshot
The proposal also retired the Aragon DAO, the structure that hosted API3 governance until now. Voting moves to Snapshot, the offchain voting tool used across the Ethereum ecosystem, where token holders can weigh in on proposals without paying gas. The governance change was bundled with the end of emissions in the same executed proposal.
What a Fixed Supply Means for API3
With emissions gone, the only way supply can change is a governance decision. The cap of 200 million tokens removes the steady drip of new tokens that emissions produced, which matters most to long-term holders of the oracle token. Oracle data underpins lending rates and derivatives across DeFi markets, and API3 is one of the data projects tracked in Coinranking's Web3 coins category. Traders can follow the token's reaction on the API3 price chart. The project has not yet published a full breakdown of how the post-emissions model will work in practice.
Frequently Asked Questions
What Is API3 Primary Proposal 17?
Primary Proposal 17 is the API3 governance proposal that ended token emissions and retired the Aragon DAO. It was executed on November 4, 2026.
What Is the Maximum Supply of API3?
200,000,000 API3. The supply figure became fixed on November 4, 2026, when emissions stopped permanently.
Do API3 Holders Need to Do Anything after Primary Proposal 17?
No. The change stopped new emissions and moved governance; there is no token swap or migration for holders.
Where Does API3 Governance Happen Now?
API3 governance moved from the Aragon DAO to Snapshot voting on November 4, 2026. Token holders vote on Snapshot without paying gas.
Why Did API3 End Token Emissions?
The project framed the executed proposal as the start of a new era with a fixed 200 million token supply. It said it would share more detail about the new setup in the days after November 4, 2026.
Sources
- Primary Proposal 17 executed announcement · Api3DAO on X
- Api3: Primary Proposal 17 ends emissions and retires Aragon DAO · CoinMarketCal via TradingView
Prices and market data: Coinranking.
