Partnership with Dfyn
We are delighted to announce a partnership with Dfyn Network. Dfyn will integrate DIA’s accurate price feeds to fuel its prediction market platform.
Dfyn Network is a multi-chain Automated Market Making (AMM) DEX, built to be an inter-connected AMM with nodes spread on different blockchains. These AMMs will be able to share liquidity across multiple Layer 1 and Layer 2 blockchains and enable cross-chain swaps by leveraging Router Protocol’s XCLP.
With Dfyn, nodes spread across many L1s and L2s, Dfyn will enable users to perform their asset trades seamlessly on several blockchains from a single interface. Dfyn will also build a decentralized swap station to swap large assets natively like BTC, ETH, ADA in a non-custodial way.
DIA and the multi-chain AMM DEX Dfyn enter a new partnership, where Dfyn will integrate DIA’s trusted oracles for its Polygon-based price prediction markets product. DIA will feed Dfyn’s AMM platform with a volume-weighted average price index of market prices. This integration represents the first use case of DIA oracles for a DeFi prediction market product.
Additionally, DIA will provide Dfyn with a unique TWAP — time-weighted average price feed (DFYN/USDT). Furthermore, Dfyn will also leverage DIA’s trusted oracles DIA to enable lending and borrowing activities on its platform.
Michael Weber, DIA Association President comments:
“DeFi products like Dfyn’s DEX are highly reliant on precise data feeds. That’s why at DIA we have built a best in class oracle solution for dApps. We are delighted to work with Dfyn to fulfill their requirement for a high refresh rate oracle to accurately provide market price data.”
Ramani Ramachandran, CEO at Dfyn said:
“DIA was able to provide us with fast-updating DFYN price oracle on Polygon which will find its use-case in many applications like borrowing/lending and prediction markets. We look forward to working with Dia for building new products for the long-tail and mid-tail of the crypto market. ”
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.