Partnership with Matic
We are delighted to announce the start of a close partnership with Matic. DIA will bring transparent and community-verified price Oracles to the Matic ecosystem. In addition, DIA Labs will support Matic’s build and earn program with micro-grants to help teams leverage transparent data feeds.
Update, 15.02.2021: DIA Oracles are implemented and live on Polygon (formerly Matic).
Matic solves scalability and UX issues for DeFi developers
The Matic Network sets out to solve the issues of slow block confirmations and high gas fees and the lack of smooth user experiences needed to enable mass-market adoption. As the current decentralised ecosystem lacks usability and convenience with slow, expensive and complex decentralised transactions, Matic leverages a combination of blockchain scaling, developer platform and tools, and a rabid focus on user experience to solve these issues.
Matic Network builds a decentralized platform using an adapted version of the Plasma framework that provides a solution for faster and extremely low-cost transactions with finality on the main chain. The system ensures liveliness using PoS checkpoints which are pushed to the Ethereum mainchain. This enables a single Matic sidechain to theoretically achieve 2 16 transactions per block, and possibly millions of transactions on multiple chains in the future. In addition, Matic aims to simplify the interaction between users and the decentralized world, so that anyone can do so without worrying about the complexity of the system.
DIA to provide data oracles for Matic ecosystem
DIA will be officially providing transparent, open-source data feeds to projects building on Matic. Use cases span payment applications, efficiency optimised trade execution for DEXs and even applications like transactions for on-chain gaming applications. With the move, DIA will fuel the development of applications on the efficiency geared Matic ecosystem.
“Integrating DIA as an official data provider for the Matic ecosystem is a great move forward.” says Arjun Kalsy, Founder of Matic Network. “We are really happy to see that the teams developing on our network will have easy and direct access to this really transparent and open-source data backbone, not to mention that DIA Labs will be backing teams in our Build-n-Earn program that leverage DIA feeds.”
Build-n-Earn: Incentives for Matic developers, powered by Gitcoin
Matic Build-n-Earn is a monthly recurring incentive program for developers and teams that need a reliable, predictable source of cash flow during their development and maintenance of the application lifecycle before they actually breakout to their next level of growth stage. Matic Build-n-Earn is powered by Gitcoin grants and deploys up to $50.000 every month to help developers build their dApp on Matic.
As part of the collaboration with Matic, DIA Labs, DIA’s grant and acceleration program for the DeFi data ecosystem, will back Matic developers in the Build-n-Earn program that leverage DIA data feeds with microgrants in addition to the funding already provided by Matic Build-n-Earn. More details about the microgrant program will be shared soon.
“We are really excited to participate in Matic’s Build-n-Earn program and support the development of dApps with DIA data feeds.” Says Paul Claudius, DIA’s Co-Founder who leads business and ecosystem development at DIA. “Supporting builders to develop dApps and thereby develop a project-native ecosystem is crucial during these early days of DeFi. Platforms like Gitcoin Grants as well as the Buid-n-Earn program are vital to this endeavour.”