DIA integrates with Stacks to provide reliable market data oracles to DeFi applications
- WBOYOriginal
- 2024-09-12 12:11:12354browse
A Trustless Oracle Network DIA is committed to integrating its powerful Oracle suite into the Stacks ecosystem. DIA specializes in sourcing and delivering customizable market data feeds for any asset.
DIA, a decentralized oracle network, has pledged to integrate its powerful oracle suite into the Stacks ecosystem. DIA specializes in sourcing and delivering customizable market data feeds for any asset.
DIA, a decentralized oracle network, has pledged to integrate its powerful oracle suite into the Stacks ecosystem. DIA specializes in sourcing and delivering customizable market data feeds for any asset.
This partnership introduces a new data feed service for STX and SIP10 tokens, providing developers with the data tools they need to build decentralized finance (DeFi) applications on Stacks. With the help of DIA’s oracle solution, dApps and smart contracts can easily include accurate and up-to-date price data, enabling a range of applications that rely on off-chain data, such as lending and borrowing markets, CDP stablecoins, perp DEXes, and more.
This partnership introduces a new data feed service for STX and SIP10 tokens, providing developers with the data tools they need to build decentralized finance (DeFi) applications on Stacks. With the help of DIA’s oracle solution, dApps and smart contracts can easily include accurate and up-to-date price data, enabling a range of applications that rely on off-chain data, such as lending and borrowing markets, CDP stablecoins, perp DEXes, and more.
The integration has several key benefits:
The integration has several key benefits:
The decentralized methodology employed by DIA’s oracles to gather data from multiple sources ensures accuracy and openness. Any DeFi application built on Stacks can leverage the comprehensive data set provided by the price feeds, which are sourced from over 100 different exchanges.
The decentralized methodology employed by DIA’s oracles to gather data from multiple sources ensures accuracy and openness. Any DeFi application built on Stacks can leverage the comprehensive data set provided by the price feeds, which are sourced from over 100 different exchanges.
To further enhance the coverage of Stacks native assets, DIA has included the Bitflow exchange in its data sources. With this integration, DIA can now provide price oracles for any asset traded on Bitflow, adding another layer of utility to the Stacks ecosystem.
To further enhance the coverage of Stacks native assets, DIA has included the Bitflow exchange in its data sources. With this integration, DIA can now provide price oracles for any asset traded on Bitflow, adding another layer of utility to the Stacks ecosystem.
Tycho Onnasch from the Zest Protocol said:
Tycho Onnasch from the Zest Protocol said:
Dillon Hanson, Head of Business Development at DIA, said:
Dillon Hanson, Head of Business Development at DIA, said:
This integration provides developers with the infrastructure to build more advanced and reliable DeFi products. The Stacks community can expect to see improved capabilities for financial applications by utilizing DIA’s expertise in data sourcing and delivery, which will ultimately drive development and innovation on Bitcoin layer 2.
This integration provides developers with the infrastructure to build more advanced and reliable DeFi products. The Stacks community can expect to see improved capabilities for financial applications by utilizing DIA’s expertise in data sourcing and delivery, which will ultimately drive development and innovation on Bitcoin layer 2.
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