DIA Insights
Published in

DIA Insights

Hello Telos: DIA Oracles Get Integrated Into the Telos EVM Chain

We are thrilled to further expand DIA’s cross-chain interoperability by integrating DIA’s open-source data and oracle infrastructure into the Telos EVM blockchain.

Telos EVM is a scalable solution for Solidity based applications, built with the intent of revolutionizing the DeFi landscape. Unlike other scalable EVMs, Telos EVM is not just a fork of the original Go Ethereum code. It’s an entirely new EVM redesigned from the ground up to take full advantage of the power that Telos technology has to offer.

With an impressive speed of Up to 10,000 Transactions/Second and 0.5 Second Block Times, the Telos EVM aims to solve major layer 1 network’s inefficiencies. Despite its unique design, Telos EVM offers feature parity with Ethereum, this makes it a powerful solution for developers and users looking for an Ethereum Virtual Machine that can keep up with the demands of mass adoption.

We are thrilled to announce that DIA is entering the Telos ecosystem by making its data and oracle infrastructure available on Telos EVM layer 1 blockchain. DeFi developers on Telos can now leverage DIA’s broad set of data feeds, which includes 6k+ digital asset price feeds 20k+ traditional financial asset price feeds and a range of lending rates, FX rates and other data feeds.

DApps are dependent on the ingestion of verified external data feeds to operate reliably. DIA’s data feeds cover a broad range of assets including all the top assets as well as any long-tail asset price thanks to its unique data sourcing approach.

AJ Dinger, Telos Head of Business Development said:

“Partnering with DIA allows Telos to fulfil its potential in supporting DeFi projects like Omnidex, Zappy and Bardi, among others. We are working on a meaningful liquidity support program and offer the Ignite grant program for DeFi start-ups. Come and build your DeFi projects on Telos.”

To source such a broad range of data feeds, DIA’s community of developers scrape data directly from on-chain sources like DEXs and off-chain sources like CEXs at individual trade level. This uniquely positions DIA to leverage the broadest possible set of sources, ensuring maximum coverage of asset price data. Any data feed that is publicly accessible can be sourced, regardless of whether it is listed on exchanges and what its trading volume is.

Transparency and customizability are essential pillars for DIA. Developers can build unique price feed oracles with DIA, customizing the specific computational methodologies used as well as the data sources that make up a feed. This approach is designed to adapt to any custom needs a project might have, but also to provide users with the maximum transparency of how their data feeds are constructed, while being able to serve any asset price feed.

Thanks to Telos Etheruem Virtual Machine (EVM) compatibility, developers can easily port Ethereum native Apps to Telos high-speed network and plug DIA oracles to fuel its smart contracts. This new integration will enable teams operating on Telos to develop use cases such as stablecoins, stakings rewards, lending and borrowing, DEXs and many more.

Paul Claudius, DIA’s Head of Business Development comments:

“We are thrilled to enter the Telos ecosystem by integrating our open-source and transparent data and oracle infrastructure with Telos’ new EVM layer 1 blockchain. Developers will be able to natively access DIA’s broad set of data feeds for 6k+ crypto assets and 20k+ traditional assets via highly customisable and transparent oracles. We are very excited to start collaborating with Telos native dApps to help them build the best products in an accurate and reliable manner”

The Telos DIA Demo Oracle

Test the DIA demo oracle on the Telos EVM chain by interacting with the following oracle smart contacts:

Note: DIA Demo Oracle contracts are not intended to be integrated into dApps. DIA deploys dedicated contracts for dApps, please request a dedicated oracle. Learn more about DIA demo oracles on the DIA Documentation.

Need a trusted oracle on the Telos EVM?

Request your custom price feed oracle in the Telos Network’s EVM blockchain by getting in touch with DIA’s integration team via Discord or by submitting a Custom Delivery Request on the Forum.

About DIA

DIA is a cross-chain, end-to-end, open-source data and oracle platform for Web3. The DIA platform enables the crowd-sourcing, validation and sharing of transparent and verified data feeds for asset prices, metaverse data and more. DIA data is simultaneously sourced at a trade level from multiple on-chain and off-chain sources and made available to developers on all relevant layer 1 and layer 2 networks.

Homepage | DIA Token | DIA DAO | Twitter | Telegram | YouTube

--

--

Updates and insights about the developments on DIA — A cross-chain, end-to-end, open-source data and oracle platform for Web3.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store