Open-Source Oracle DIA announces Integration with Fantom’s Opera Mainnet
December 16 2021 - 12:16PM
NEWSBTC
The open-source oracle platform for decentralised finance DIA
announced today its entry into the Fantom ecosystem by making its
data provision available on Fantom’s Opera Mainnet. This new
integration will enable teams operating on Fantom to develop use
cases such as stablecoins, stakings rewards, lending and borrowing,
DEXs and many more. Fantom is a fast, scalable, and secure layer-1
blockchain platform, built with Fantom’s aBFT consensus protocol.
The Fantom Network is compatible with Ethereum’s Virtual Machine
(EVM), allowing developers to deploy and run Ethereum dApps on
Fantom. On Fantom, transactions are confirmed in around a 1 second
and cost on average one cent. With a total value locked of almost
$5 billion, the Fantom ecosystem is continuously growing with many
DeFi protocols already operating in the chain. Some of the
best-heard dApps include AnySwap, SushiSwap, Yearn Finance,
Abracadabra, Beefy Finance and many more. Blockchain applications,
regardless of the native network, require accurate and real-time
data from the outside world to execute their underlying
transactions. Through this latest integration with Fantom’s Opera
Mainnet, DIA is enabling smart contracts on the network to have
access to +6.000 cryptocurrency and +20.000 traditional financial
asset feeds. To source such a broad range of data feeds, DIA’s
community of developers scrape data directly from on-chain sources
or CEX APIs at individual trade level. Any data feed that is
publicly accessible can be sourced, regardless of whether it is
listed on exchanges and what its trading volume is. As many Fantom
projects operate their assets solely on the Fantom blockchain and
are traded only on Fantom DEXs, DIA is specifically sourcing data
feeds of Fantom Network native assets. To do so, DIA scrapes
information directly from Fantom native markets such as SpookySwap.
Fantom is the latest blockchain network that DIA has aggregated to
its cross-chain oracle offering. In fact, in the last weeks, DIA
has been announcing new integrations with many relevant DeFi
ecosystems including Solana, Celo, Arbitrum, Avalanche, Moonriver,
Near, among others.
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