Starlay Has Partners With DIA
Starlay has partnered with DIA to integrate DIA’s open-source and transparent oracles into Starlay’s lending platform to reflect accurate market prices. DIA is an open-source financial information platform that allows market actors to supply, share and use transparent, crowd-verified data and oracles for DeFi apps.
Partnership
Through this partnership, Starlay will utilize DIA’s reliable oracles to integrate real-time market price data to update the collateral ratios of the lending platform. The integration of DIA’s powerful oracle infrastructure will help Starlay improve the security and privacy layers of its protocol.
Starlay is building a comprehensive set of features for lending on Astar for the first time, with a focus on Astar-native assets. DIA will ensure an smooth and resilient operation of the protocol with transparent and accurate data feeds on Astar
Collaboration
Within this collaboration, Starlay will be able to move one step closer to the vision, the expansion of Astar/Starlay ecosystem. They are looking forward to working with DIA and contributing to the development of the Astar ecosystem.
About DIA
DIA (Decentralized Information Asset) is a cross-chain, end-to-end, open-source data and oracle platform for Web3 that utilizes crypto-economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.
DIA data is simultaneously sourced at a trade level from multiple on-chain and off-chain sources and made available to developers on all relevant layer 1 and layer 2 networks.
About Starlay
Starlay is a non-custodial lending protocol on Astar Network. Depositors can provide liquidity to earn interest as a stable passive income, while borrowers can leverage their assets without selling them out.
Astar Network aims to be the biggest hub for the multi-chain era by bridging with Ethereum, Cosmos, and others. With Starlay Finance, the Astar ecosystem will be a huge marketplace for storing all kinds of tokens on any kind of chain.
➡️Source:
https://medium.com/@starlay_fi/starlay-partnership-with-dia-afc214460eab
