Community Update: May 2021

Here are DIA’s updates and developments for May 2021, including a new ATH, new partnerships/integrations including Coinbase Custody, a new executive team member, a DIA staking program and much more.

DIA Core Team
DIA Insights
7 min readMay 19, 2021

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Overview

Since our last community update in March, the DeFi market has not stopped its fast-paced development, and neither has DIA. During this time, NFT and oracle based tokens were the big protagonists, seeing a surge in popularity and attention.

Meanwhile, DIA has continued building blocks and has established new high-quality partnership/integrations, pushed more DAO involvement and offered a new staking program. Continue reading to discover this and much more.

DIA Token 💎

Market and price development

Since the last community update in March, the market cap of the DeFi market has doubled. As of today, it amounts to a total of around $124b. During this time, oracle projects surged in popularity and saw their token prices being reflected too. As a result, the DIA token reached another new all-time high of $5.73 on May 5th.

This interest has recently been translated into a new buying record for the DIA/BTC pair, with a net volume of 5.46 BTC in 17 seconds and 133.43 BTC in 24h. (sources 1,2)

DAO Votes 🗳

During this time, 3 DAO votes took place and all were successfully passed:

  • DAO Vote #2: Liquidity provisions and incentives: Following the initial steps towards DAO-driven operations, DIA is preparing to leverage the power of the DAO to amplify exposure and engagement in the crypto sphere. This introduction will give you an overview of the plans and introduce the first proposal. The proposal was successfully passed.
  • DAO Vote #3: Community Marketing: In the third official DAO proposal, DIA proposed to allocate budget for marketing via other communities and community leaders in order to drive awareness, education and exposure for the DIA project. The proposal was successfully passed.
  • DAO Vote #4: DIA Staking Program: The DIA team opened a new DAO proposal for the community to vote on a new staking program to reward long-term token holders and create positive supply and price effects. The proposal was successfully passed.

Product / Tech ⚙️

Staking Program for DIA holders live

After successfully passing the DAO proposal, the DIA Staking Program is now live. DIA holders can now earn yield in DIA tokens by locking DIA tokens in an interest yield contract. The program allows token holders to allocate tokens to a smart contract that will yield varying yields in DIA for runtimes of 9, 12 or 24 months, respectively.

Read more to learn the details and participate

Business Continuity & Security Update

With the onboarding of DIA ERC-20 into more established custody providers like Coinbase, DIA token operations will focus on an even more rigid and thorough business continuity planning, covering multiple contingency cases of potential fallout-, and security scenarios.

Alongside our increased security measures announced in Dec-2020, and in the context of increasingly sophisticated hacking attempts on DIA infrastructure and core management personnel, we are implementing additional security measures. These rigid planning scenarios will be used for a variety of company,- and team allocated wallets and token holdings, using enforced security and fallback provisions by Coinbase. This will entail the ongoing segregation and ring-fencing of company and team token assets into a range of cold and hot storage wallet distributions.

The core aim of these security measures is to guarantee business continuity and rigid asset access security.

Partnerships and integrations 🤝

Intensifying business development efforts, we have integrated DIA oracles into a wide range of dApps, L1/L2s and will announce more exciting collaborations in the near future. Here is who has joined the DIA ecosystem since March:

  • Coinbase Custody: Coinbase Custody is an independent, NYDFS-regulated entity built on Coinbase’s crypto-first DNA, offering the most sophisticated and reliable custody solution in the world. Launched in 2018, Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange business since 2012.
  • AllianceBlock: The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that bridges traditional and decentralized finance and automates the process of converting any digital or crypto asset into a bankable product.
  • Conflux: Conflux Network is an open-source, layer-1 blockchain protocol delivering scalability, security, and extensibility for the next generation of open commerce, decentralized applications, financial services, and Web 3.0.
  • Horizen: Horizen is the most secure blockchain ecosystem supported by the largest and most decentralized node infrastructure in the industry. With its unique sidechain technology Zendoo, Horizen provides all necessary components for easy and speedy deployment of fully customizable blockchains focused on scalable data privacy.
  • Tixl: Tixl is building an ecosystem for Decentralized Finance. Tixl’s vision is to have all tokens on a single, high-performance network. At the core of Tixl’s ecosystem is the interoperable layer 1 Autobahn Network, which enables instant and minimal-fee-transactions for any transfer of data, not just digital assets or tokens.
  • Moonbeam: Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. Moonbeam’s powerful Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Polkadot with minimal changes.
  • Dash Next: Dash is a digital currency that enables anyone, anywhere in the world to make quick, easy and cheap payments at any time without going through a central authority. During the last quarter of 2020, Dash had an average of +22,300 transactions per day and a payment volume of $0.92billion.
  • Shadows Network: Shadows Network is the first project that will bring synthetic assets to Polkadot’s interoperable Substrate framework. Synthetics enable any real-world asset to be represented and traded on-chain. This includes synthetic stablecoins, cryptocurrency, commodities, and stocks.
  • Dafi Protocol: Dafi’s mission is to solve the problem of excess token supply of the decentralised economies. Instead of distributing a token directly, the Dafi Protocol enables networks to create synthetic tokens (dTokens) that increase in quantity as demand rises. It is designed to reward the early users while still enhancing scarcity when demand is low.
  • Polkalokr: Polkalokr is the first all-in-one, multi-chain token locking and escrow platform with built-in privacy functionality. Polkalokr’s products LOKR and SWAPR help build trust within the DeFi space by removing the human element and focusing on governance through code, with a seamless, omnichannel digital experience platform.

→ Stay up to date with the development of the DIA Ecosystem through the feed of partnership and integrations.

Team 👥

Ioana Surpateanu — As former Co-Head of European Government Affairs at Citibank, Ioana brings years of experience and networks in the European financial and regulatory space to help DIA foster the conversation with regulators and institutional bodies as well as driving DIA’s innovation strategy. Ioana will also be in charge of kick-starting a platform for women in emerging technologies.

→ Read Ioana’s welcome post to know more here.

Events 🎙

  • SciencesPo Web conference: On Thursday 8th of April, DIA Chief Strategy Officer Ioana Surpateanu took part in the web conference of SciencePo on advocacy and EU institutions, together with Alberto Zilio (Director of Public Affairs of AT&T) and Nick Blow (Partner of Brunswick Group).

More information

  • Ioana joins MAMA executive board: Ioana Surpateanu, DIA’s Chief Strategy Officer, has joined the executive board of MAMA to accelerate the asset management transformation via the deployment of decentralised technologies. Ioana and DIA will support the efforts of MAMA and members to model an appropriate regulatory environment for Decentralised Finance.

Learn more

  • Live AMA with Dash Next: DIA Co-Founder Paul Claudius and Dash Next Co-Founder Felix Mago went live on DIA’s YouTube Channel to answer questions of the community and expand the details around the recent partnership.

Watch the video

  • Team AMA: On April 15, the DIA team got together to host an AMA on the DIA official Telegram channel and answer questions of the community. Here is a recap with the most notable Q&As.

Learn more

  • Open Web Community Summit: DIA Co-founder Paul Claudius and DIA Chief Strategy Officer spoke at the Open Web Community Summit: An open web, protocol-agnostic summit focused on NFTs, social tokens and DAOs.

Watch the video

Press 📰

About DIA

DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.

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DIA Core Team
DIA Insights

DIA is a multi-chain, end-to-end, open-source data and oracle platform for Web3. https://diadata.org/