DIA x Dfyn Collaboration

DIA announced a partnership with Dfyn Network, so Dfyn will integrate DIA’s accurate price feeds to fuel its prediction market platform.

With Dfyn, nodes spread across many L1s and L2s, Dfyn will enable users to perform their asset trades seamlessly on several blockchains from a single interface. Dfyn will also build a decentralized swap station to swap large assets natively like BTC, ETH, ADA in a non-custodial way.

DIA and the multi-chain AMM DEX Dfyn enter a new partnership, where Dfyn will integrate DIA’s trusted oracles for its Polygon-based price prediction markets product. DIA will feed Dfyn’s AMM platform with a volume-weighted average price index of market prices. This integration represents the first use case of DIA oracles for a DeFi prediction market product.

Additionally, DIA will provide Dfyn with a unique TWAP — time-weighted average price feed (DFYN/USDT). Furthermore, Dfyn will also leverage DIA’s trusted oracles DIA to enable lending and borrowing activities on its platform.

Michael Weber, DIA Association President comments:

“DeFi products like Dfyn’s DEX are highly reliant on precise data feeds. That’s why at DIA we have built a best in class oracle solution for dApps. We are delighted to work with Dfyn to fulfill their requirement for a high refresh rate oracle to accurately provide market price data.”

Ramani Ramachandran, CEO at Dfyn said:

“DIA was able to provide us with fast-updating DFYN price oracle on Polygon which will find its use-case in many applications like borrowing/lending and prediction markets. We look forward to working with Dia for building new products for the long-tail and mid-tail of the crypto market. ”

About Dfyn

Dfyn Network is a multi-chain Automated Market Making (AMM) DEX, built to be an inter-connected AMM with nodes spread on different blockchains. These AMMs will be able to share liquidity across multiple Layer 1 and Layer 2 blockchains and enable cross-chain swaps by leveraging Router Protocol’s XCLP.

About DIA

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.

📰 INFO

https://medium.com/dia-insights/partnership-with-dfyn-7cf1094f9542