Partnership with OIN
DIA and OIN Finance announce a cooperation to bring trusted, transparent price feeds to OINs infrastructure gateway to decentralised finance. OIN Finance will be leveraging DIA’s open-source price Oracles to fuel its infrastructure, including modules like the OINDAO.
OIN, backed by notable investors including Alameda Research, is a layer-2 cross-chain infrastructure connecting non-ERC20 blockchains to power more DeFi applications and build a greater DeFi ecosystem. By utilizing cross-chain technology to unlock trapped value within the whole crypto space and not being limited to ETH, OIN aims to build a foundation that is able to integrate and leverage the value of the cryptocurrency market itself, starting with our DEX and liquidity pools, to lending and staking for stablecoins.
OIN will be leveraging DIA’s data sourcing and delivery infrastructure in order to power its platform by providing asset price data, starting with products like the OINDAO. Further integrations will be done down the line.
Renard Zhang, OIN Finance’s Founder and CEO says: “As we take our first steps into the industry with our first product, we are thrilled that we have amazing projects such as DIA on board. Having them with us will allow our community to access DeFi in a simple leveraging utility to mint project-specific stablecoins, all fueled by decentralised oracles. This is an industry first.”
“Layer-2 infrastructure solutions like OIN Finance are exactly what the DeFi space needs. The multitude of protocols, each designed with specific use cases in mind or at varying levels of technological advancement needs to find common ground. We are happy to support OIN’s mission by delivering cross chain oracles using DIA’s crowd driven infrastructure.” says Michael Weber, Co-Founder and Association President at DIA.