Partnership with Polkastarter
DIA announces a partnership with Polkastarter to bring price oracles to Polkastarter to enable DeFi trading, pricing and anti-slippage features based on transparent, auditable price oracles as well as to accelerate the sourcing, verification, and use of data from network participants in the Polkastarter ecosystem.
Polkastarter is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot. Polkastarter enables decentralized projects to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment using ERC-20 based assets and more.
With this partnership, DIA will be the main provider of decentralized oracles for ERC-20 prices, which will be used for Polkastarter’s high slippage alert features. DIA’s data oracles will fuel built-in alert systems for pools on Polkastarter that warn users if current prices are too high, or if a certain trade will incur significant slippage.
Daniel Stockhaus, Polkastarter CEO’s thoughts on the new partnership: “DIA is the ideal oracle partner for Polkastarter, which needs quick access to price feeds that power high slippage alerts. Thanks to DIA integration our users can swap in a fair, transparent and secure environment.”
In addition to this tech integration, Polkastarter is excited to announce that it will be a premiere fundraising partner for projects backed by DIA Labs, DIA’s ecosystem acceleration and grant program (more info soon). Projects supported by DIA Labs can fast track through Polkastarter as their private and public sale platform and will gain prime exposure to the Polkastarter community of investors.
“Polkastarter is an exciting project — the idea of bringing a cross-chain compatible fundraising platform that leverages liquidity on various networks is another step towards an integrated DeFi ecosystem”, DIA’s Co-Founder Michael Weber says “We are happy to support Polkastarter’s journey by fueling their platform with transparent and auditable cross-chain data.”
Both Polkastarter and DIA will explore further business development and fundraising opportunities to support the DeFi ecosystem and foster a long term partnership on both technology and supporting future projects and teams building DeFi projects.