Partnership with ADD.XYZ
ADD.XYZ and DIA announce a partnership to deliver decentralised data oracles to the ADD.XYZ platform to power the newly relaunched full-stack DeFi aggregation platform.
ADD.XYZ sets out to deliver a full-stack aggregation and management platform for DeFi products. After their recent successful token launch and the rebranding to ADD.XYZ, the team expanded its offering from a DeFi lending aggregator to an end-to-end platform to manage your DeFi and CeFi portfolio, including features like one-click swapping, an aggregated governance dashboard for several tokens and more. Read more about ADD.XYZ’s new platform launch here.
With its new platform launch, ADD.XYZ is ramping up efforts to power products with transparent price feeds. The first API based integrations were completed on lending rates for DAI and USDC from a diverse range of protocols including Compound, dY/dX, Aave and bZx and are now live. While starting with an integration via APIs, the move to oracle-based delivery will happen as a next step.
“ADD.XYZ is a really exciting team to work with. They understand the importance of aggregating the complex DeFi market into sleek, user-friendly products to enable easier management and mass market access to DeFi products.” Michael Weber, Co-founder and CEO at DIA says. “We are excited to be part of their journey and to be able to power their products with our open-source data feeds.”
The value of DIA’s open-source and transparent data feeds for ADD.XYZ is manifold. Besides the quick and easy integration of existing feeds, ADD.XYZ will be able to easily scale up data feeds horizontally, as more protocols are supported. Additionally, the open-source nature of the data infrastructure enables continuous validation of the feeds, guaranteeing maximum quality and reliability.
“Using DIA as a source for our price feeds was a no-brainer. No other oracle project delivers data at the same level of transparency and is able to include new price feeds at such a rapid rate.” says Arnie Hill, Founder and CEO at ADD.XYZ. “The fact that all feeds are open-source and free of charge, almost seems like a side-note while being revolutionary for start-ups in the defi space. We’re really excited that DIA is a possibility for us to work with as they become one of the major backbones of the industry.”
