DIA Has Partnered With DOT Finance
DIA has partnered DOT Finance, the first yield aggregator on Moonriver. DIA oracles will power DOT’s yield protocol with transparent and accurate data on-chain.
Dot.Finance is designed to bring DeFi to a wide range of users and will help increase user exposure to the many benefits of the Polkadot ecosystem. This will help grow the adoption of not just the Polkadot framework but the many new DeFi products and services that Dot.Finance is building on top of Polkadot’s safe, secure, and resilient architecture. The DOT Finance teams is formed by ex-Bancor developers who built the DEX from scratch and left after Bancor went full DAO.
DIA is providing DOT Finance with accurate and transparent market price data to power the platform and enable a smooth and resilient operation. DIA is officially feeding DOT with various price feeds including USDC/USD, ETH/USD and DAI/USD, WBTC/USD. The oracles are computed following a time-weighted average price methdologogy, also known as TWAP. Additionally, DIA will provide DOT Finance with a price reference index based on a basket of multiple Polkadot based project.
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 and verified data feeds for asset prices, metaverse data and more. 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 DOT Finance
Dot Finance is a new DeFi platform designed to incentivize the growth of the Polkadot ecosystem. By providing access to a variety of battle-tested high-performing financial instruments, Dot.Finance is designed to bring DeFi to a wide range of users and will help increase user exposure to the many benefits of the Polkadot ecosystem. This will help grow the adoption of not just the Polkadot framework but the many new DeFi products and services that Dot.Finance is building on top of Polkadot’s safe, secure, and resilient architecture.
➡️Source:
https://medium.com/dia-insights/partnership-with-dot-finance-e493beeb8b5e
