Partnership with Coinversation
We are excited to partner with Coinversation to leverage DIA’s transparent price feeds to secure Coinversation’s Polkadot-based synthetic asset and DEX platform.
Coinversation Protocol is a synthetic asset issuance protocol and decentralised contract trading exchange based on the Polkadot contract chain. It uses the Coinversation (CTO) and Polkadot (DOT) tokens as collateral, to synthesize any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles. Users can forge a certain synthetic asset by collateralizing CTO or DOT and automatically have a long position in the asset. Users can also convert minted assets into other assets through the trading platform.
DIA and synthetic platform Coinversation announce a new joint partnership. Through this collaboration, Coinversation will integrate DIA’s transparent and decentralised oracle infrastructure as a data component of its platform. DIA’s price feeds will play a major role in Coinversation’s synthetic asset and DEX platform delivering reliable real-time price points for all assets used within the Coinversation Protocol.
Michael Weber, DIA Association President adds:
“We are looking forward to leveraging DIA’s oracle suite in Coinversation’s Polkadot-based platform. DIA will be a valuable partner as our platform ensures accurate and reliable on-chain and off-chain price feeds, delivered in a decentralised manner. It will be the right component to both Coinversation’s DEX and synthetic platform.”
Lin Chen, Coinversation CEO comments:
“We are very excited to cooperate with DIA’s oracle on integrating Price Feeds to create a highly robust and feature-rich synthetic asset issuance and trading platform for the Polkadot ecosystem.”