Mean Finance and DIA partnership
Mean Finance and DIA partnership has been announced. Mean Finance is the state-of-the-art DCA open protocol that enables users (or dapps) to Dollar Cost Average (DCA) any ERC20 into any ERC20 with their preferred period frequency, without sacrificing decentralization or giving up personal information to any centralized parties.
Enhanced Functionality of Mean Finance’s DCA Protocol with DIA’s Tailored Price Oracle on Arbitrum Network
As part of its commitment to delivering precise, real-time price feeds for the variety of assets supported by Mean Finance, DIA has integrated a customized price oracle on the Arbitrum Network. This integration is a testament to its dedication to providing accurate price data and enhancing the functionality of Mean Finance’s DCA protocol.
“We are thrilled to announce our integration with DIA, a pivotal step in expanding Mean Finance’s offerings. Leveraging DIA’s robust and broad decentralized price sources, we are enabled to list a more extensive range of long-tail assets, significantly enhancing our users’ investment options. This collaboration aligns perfectly with our commitment to providing secure, diversified, and innovative decentralized investment solutions. We believe that DIA’s reliable and transparent oracle services will play a crucial role in bolstering the confidence of our users as they explore new investment horizons with Mean.”– 0xged.eth Mean Finance Co-Founder
The Foundation of this Integration is the GRAI Debt Token
At the heart of this integration lies the GRAI Debt Token. Its price is accurately calculated using the Moving Average Price with Interquartile Range (MAIR) methodology. This approach guarantees precision while removing market anomalies, resulting in a more durable and dependable pricing mechanism.
Understanding the Oracle’s Functionality in the Ethereum and Arbitrum Networks
The oracle relies on data from decentralized exchanges (DEXs) on the Ethereum Mainnet and Arbitrum network and operates with a 120-second trade aggregation window. It also provides on-chain updates on price information, with a push 0.5% deviation threshold to ensure accuracy.
