Partnership with Lokr
We are thrilled to announce that Lokr has officially integrated DIA’s oracle feeds into its Vault v2 platform. This integration enhances Lokr’s event-based distribution, revolutionising how digital assets are managed and distributed.
Introducing Lokr
Lokr is the first all-in-one, multi-chain token locking and escrow platform with built-in privacy functionality. Its products — Vault, Swapr, Bridgr and Mintr — help build trust within the DeFi space by removing the human element and focusing on governance through code, with a seamless, omnichannel digital experience platform.
We are thrilled to announce that Lokr has officially integrated DIA’s oracle feeds into its Vault v2 platform. This integration enhances Lokr’s event-based distribution, revolutionising how digital assets are managed and distributed. This collaboration opens up possibilities for incorporating additional event-based feeds in the future, such as volume thresholds, market index changes, or specific events within the blockchain ecosystem.
Imran Ashfaq, CEO of Lokr mentioned:
“By integrating DIA’s oracle feeds, Lokr revolutionises asset distribution in the upcoming Vault v2. Our collaboration with DIA enables event-based distributions triggered by real-time price feeds, giving users greater flexibility and capitalising on market conditions. Together, we’re shaping the future of DeFi.”
Event-Based Distributions for Any Asset
To support a variety of digital assets in its platform, Lokr requires accurate and reliable event data. Hence, the integration includes feeds for two event types:
Real-Time Price Feeds for Digital Assets
The event-based distribution feature is triggered by real-time price feeds of digital assets, enabling users to unlock their tokens for distribution once a token’s price reaches a defined threshold. DIA’s oracle feeds supply Lokr with timely, accurate, and reliable data.
Event-Based Feeds for Specific Blockchain Events
In the future, Lokr aims to incorporate additional event-based feeds, such as volume thresholds, market index changes, or specific events within the blockchain ecosystem. This will give users even more triggers to choose from, further enhancing their asset management strategies.
Powered by DIA’s Oracle Feeds
The new feature will be safeguarded by DIA’s transparent oracle feeds. The feeds are built with data from over 80 sources, providing a highly customizable oracle that best matches Lokr’s needs while offering full transparency on the data journey. The oracle’s exact specifications can be found in the DIA Forum:
Lokr is dedicated to continuously expanding its event-based distribution capabilities, offering users a robust toolkit to optimize their asset distribution strategies. This collaboration with DIA ensures the accuracy and reliability of information used in distribution decisions, promising to improve user experience and advanced asset management capabilities.
About DIA
DIA redefines oracles on 30+ L1/L2s: Fully customisable, unmet asset coverage, 100% transparent. Enabling new primitives for DeFi, NFTfi and GameFi.
DIA’s data feeds are fully customized with regards to the mix of sources and methodologies, resulting in tailor-made, high-resilience feeds and thereby setting a new paradigm for oracles.
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