DIA is the First Oracle to Integrate with Astar Network
January 19 2022 - 9:00AM
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DIA is the first oracle provider to integrate its oracle
infrastructure with the Astar Network, running on the Polkadot
Relaychain. The oracle deployment will facilitate DeFi applications
on Astar to easily connect to the outside world data. The
open-source data provider DIA announced today the integration of
its decentralized oracle infrastructure with the Astar Network,
running on the Polkadot Relaychain. This oracle deployment will
facilitate DeFi applications on Astar to easily connect to the
outside world data via DIA’s trusted oracles. Astar Network,
previously known as Plasm, is a dApp hub on Polkadot that supports
Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar
Network won the 3rd Polkadot parachain auction on December 2, 2021,
and onboarded to the Polkadot Relay Chain on December 18, 2021. As
the Polkadot Relay Chain doesn’t support smart contracts, Astar is
working to provide a solution for all developers by parachain where
EVM and WebAssembly smart contracts can co-exist and communicate
with each other. Thanks to Astar’s Ethereum and WebAssembly
compatibility, DeFi applications can seamlessly be deployed on
Astar’s parachain, where DIA will be able to feed them with
accurate and transparent market data. DIA’s price feed oracles will
fuel a range of use cases, such as lending and borrowing protocols,
stablecoins, staking rewards and many more. To build the data
feeds, DIA simultaneously aggregates price data at a very trade
level directly from centralized and decentralized exchanges. This
decentralized approach to data sourcing enables DIA to provide
accurate price feeds on-chain and reduce exposure to data
manipulation.
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