DIA Insights
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DIA Insights

Partnership with AuroraSwap

We are delighted to start a new collaboration with AuroraSwap, the DEX on Aurora Network, to provide transparent market price data to power the lending protocol and enable a smooth and resilient operation.

AuroraSwap is a decentralised exchange DEX on Aurora, as well as cross-chain algorithmic stablecoin. AuroraSwap’s design is based on the Uniswap constant-product automated market maker (AMM). Through AuroraSwap’s AMM, liquidity providers can simply deposit a pair of tokens and its algorithm will automatically create markets for the token pair. This enables traders to easily swap between tokens in the AMM and get guaranteed rates for the swaps. Each swap on AuroraSwap incurs a fee, which gets distributed to liquidity providers as their payment for work.

We are delighted to start a new collaboration within the Aurora ecosystem to supply the AuroraSwap protocol with open-source and transparent oracles. DIA is providing AuroraSwap with transparent market price data to power the lending protocol and enable a smooth and resilient operation.

DIA is officially feeding AuroraSwap with various price feeds including NEAR/USD, ETH/USD, BTC/USD, BRL/USD and many more. The oracles are computed following a time-weighted average price methodology, also known as TWAP.

To deliver decentralised and accurate oracles, DIA is collecting data directly from scrapers of multiple centralised and decentralised exchanges. Additionally, to build data feeds for tokens operating only on the Aurora chain (i.e $BRL), DIA is scraping Aurora native data. To accomplish this, DIA is pulling and aggregating single trade data directly from markets running on Aurora.

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.

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