DefiCliq will integrate DIA’s open – source and transparent Oracle into it’s DeFi protocols to improve it’s security and privacy layers.
Through this collaboration, Deficliq will utilise DIA’s trusted oracles to integrate real-time market price data to update the collateral ratios of the lending platform. The integration of DIA’s robust oracle infrastructure will help Deficliq improve the security and privacy layers of its protocol.
Deficliq claims to be the first company to provide both collateralized and uncollateralized loans in both P2P and traditional ways. The Deficliq platform offers to users many features such as DAO governance, staking, yield farming, interoperability and more, all in one Polkadot Substrate Project.
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.
DefiCliq is a Polkadot ecosystem project that looks to disrupt the peer-to-peer (P2P) loans market by becoming one of the first platforms to offer undercollateralized loans. Furthermore, it is an entire DeFi ecosystem on its own. Through DefiCliq, users can stake their tokens to earn rewards, participate in yield farms, and interact with the broader Polkadot network due to DefiCliq’s interoperability capabilities.