Dia Partnership With Starfish Finance
Dia Partnership with Starfish Finance
Dia Partnership with Starfish Finance. Starfish Finance has integrated DIA’s customisable asset and NFT floor price oracles to launch its DeFi + NFTfi platform on Astar and Polygon.
Introducing Starfish Finance
Incubated by the Astar Builders program, Starfish Finance building the next-generation DeFi x NFT-Fi headquarters on Astar Network within the Polkadot ecosystem. The Starfish Finance protocol is a one-stop DeFi journey with multi-token stable and weighted swap, based on Balancer V2, cross-chain aggregation for crypto assets and NFTs. It aims to unleash liquidity potentials in NFTs on multiple prominent ecosystems in the near future subsequently.
We are delighted to announce the deployment of two fully customisable and transparent oracles for Starfish Finance. Firstly, DIA deployed an xFloor oracle, providing floor price feeds for a variety of NFT collections. Secondly, DIA deployed a dedicated xPrice oracle, supplying Starfish with open-source cryptocurrency asset price feeds. Both oracles have been deployed on Astar network’s testnet Shibuya and Polygon network’s testnet Mumbai.
Covering DeFi and NFTfi Oracle Needs
On one hand, the Starfish Finance team was building an NFTfi protocol to allow users to unleash the liquidity potential stored in their NFTs, by using the non-fungible tokens as collateral to borrow stablecoins. In order to build the platform, it required safe access to on-chain floor prices for these NFT collections.
To fulfil this requirement, DIA deployed a dedicated xFloor oracle for Starfish, supplying real-time price feeds containing the value of collections on Ethereum (CryptoPunks, BAYC, Doodles, etc) and Astar (Astar Degens). To determine the floor prices, DIA pulls historical sales data directly from the NFT marketplace’s smart contracts on its respective network and applies fully transparent data processing methodologies.
On the other hand, DIA also built a dedicated xPrice oracle, supplying Starfish with real-time price feeds for cryptocurrency assets ETH, ASTR, USDC, DOT, GLMR. The price feeds being use to provide up-to-date price data to enable Starfish’s NFT-Fi lending & borrowing feature.
To come up with the final price points, DIA simultaneously sources trade data directly from a broad array of centralized and decentralized exchanges. This granular, aggregate trade data is then sanitize base on a fully transparent procedure. To avoid outliers and is computed with custom price determination methodologies to best meet Starfish’s use case’s requirements.
About Starfish Finance
Starfish Finance incubated by the Astar Builders program. We are building the next generation DeFi x NFT-Fi headquarters on Astar Network within the Polkadot ecosystem. Through gamification of user experience, Starfish Finance offers stablecoin swap and NFT-Fi on top of an enhanced Balancer AMM model. To deepen the liquidity of crypto or NFT trading and financing.
About DIA
DIA a multi-chain, end-to-end, open-source data and oracle platform for Web3. The DIA platform enables the sourcing, validation & sharing of transparent & verified data feeds for traditional & digital financial applications. DIA’s institutional-grade data feeds cover digital asset prices, NFT floor prices, lending rates, FX rates and more.
DIA’s data directly source from a broad array of on-chain and off-chain sources at individual trade-level.
