Hello, everyone!
Today, we are excited to announce our partnership with DIA, the cross-chain, end-to-end, open-source data and oracle platform for Web3. DIA’s customizable and transparent price feed oracles will serve as one of the price sources and power AstridDAO, the Multi-collateral and decentralized stablecoin running on the Astar Network.
DIA ensures high-quality and resilient data feeds, thanks to its crowd-sourcing approach, unique in the web3 data and oracle landscape. While most oracles depend on third-party centralized data providers, DIA simultaneously sources trade data directly from centralized and decentralized exchanges. To come up with the final price points, the aggregated data is computed and sanitized based on fully transparent methodologies and sources, enabling projects to have full control and clarity over the data they depend on.
With this new partnership, DIA is delivering crowd-sourced price data feeds to power the AstridDAO protocol running on the Astar network. DIA will supply AstridDAO with accurate, reliable and transparent price feed for the asset pair Astar / USD.
These requirements were transferred to DIA by submitting a DIA Custom Delivery Request (CDR) via the DIA DAO Forum and is publicly available to everyone. The AstridDAO CDR provides users a level of transparency on how the price data feeding the protocol is built.
Michael Weber, DIA Co-Founder comments:
“Stablecoin protocols are a critical component of Decentralised Finance and AstridDAO will play a crutial role in the development of the Astar ecosystem. We are thrilled to start delivering transparent and tailor-made price feed oracles to accurately enable AstridDAO’s operations on Astar Network. DIA’s granular and crowd-sourced approach will ensure a robust oracle infrastructure to effectively power the stablecoins development.”
AstridDAO team adds:
“We are excited to partner with DIA, a promising project building the cross-chain oracle platform for Web3. We will use DIA as one of the price feeds to our oracle assets. Through this partnership, we will be closer to our vision, building the user-friendly, reliable decentralized stablecoin on Astar for Polkadot. We are looking forward to working with DIA and contributing to the development of the Astar ecosystem.”
About DIA
DIA is an ecosystem for open financial data in a financial smart contract ecosystem. The target of DIA is to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial dApps.
About AstridDAO
AstridDAO is a decentralized money market and multi-collateral stablecoin protocol built on Astar and for the Polkadot ecosystem, which allows users to borrow $BAI, a stablecoin hard-pegged to USD, against risk assets at 0% interest and minimum collateral ratio. This means you can use the value in your risk assets including $ASTR, $BTC, $ETH, $DOT, etc. without having to sell them.
