DIA & Boba Network Integration
DIA & Boba Network Integration, enabling dApp development on the first compute-focused multichain layer-2 scaling solution for EVM-compatible chains.
Boba Network recently became the first multichain blockchain execution layer, working with multiple EVM-compatible networks. Initially, Boba Network is operating as a scaling solution for Ethereum, Fantom and Moonbeam networks. As part of their mission to provide a seamless user experience and onboard blockchain’s next billion users, Boba will be delivering immediate performance improvements and connecting Web2 and Web3 applications and services through Hybrid Compute.
They announce that DIA has integrated its open-source oracle infrastructure with the Boba Network’s testnet. This new update enables developers on Boba to begin building and testing a wide variety of DeFi and NFTfi applications reliant on high-quality, transparent and crowd-sourced price data feeds.
Thanks to Boba Network’s Hybrid Compute platform, Web3 applications can be deployed and run in an efficient environment. Where DIA will be able to feed them with accurate and transparent market data. This will allow DIA to power dApps on Boba L2 with a number of DeFi use cases including stablecoins, staking, yield aggregators, as well as NFTfi use cases.
With DIA’s data and oracle infrastructure deployment, dApps on Boba Network’s EVM-compatible ecosystem will have access to price feeds of 2k+ digital assets, 20k+ traditional assets, 18k+ NFT collections and a range of lending rates, FX rates, and other data feeds.
About DIA
DIA is a cross-chain, end-to-end, open-source data and oracle platform for Web3. The DIA platform enables the crowd-sourcing, validation and sharing of transparent. DIA data is simultaneously at a trade level from multiple on-chain and off-chain sources.
About Boba
Boba Network is a multichain blockchain Layer-2 scaling solution and hybrid compute platform claiming to offer lightning-fast transactions and fees up to 60x less than Ethereum. Its Hybrid Compute brings the power of Web2 on-chain, with smarter smart contracts. It allows developers and creators to leverage off-chain compute and real-world data.
SOURCE:
https://medium.com/dia-insights/hello-boba-network-dias-oracles-live-on-boba-testnet-b94b16e7c365
