Takepile Protocol Integrates DIA
DIA’s trusted oracle services have been integrated into Takepile Protocol to launch its perpetual exchange services.
This new partnership will allow DIA’s end-to-end oracle services to provide reliable data feeds in order to power the DeFi protocol’s on-chain operations. Takepile Protocol Integrates DIA, As oracles are a crucial part of decentralized exchanges, DIA will play a critical role in the infrastructure of Takepile Protocol.
To offer perpetual DEX operations, Takepile requires access to accurate and trustworthy on-chain price feeds for its collateral asset pairs BTC / USD, ETH / USD, FTM / USD, AVAX / USD. Takepile Protocol Integrates DIA, DIA is providing customized price reference feeds built through the collection of granular data from multiple off-chain and on-chain sources. This aggregated data is then processing through various cleansing and price determination methodologies.
These processing requirements were submitted to DIA. Through a DIA Custom Delivery Request (CDR) via the DIA Forum and is publicly available to everyone. The Hadouken Finance CDR provides users with a level of transparency. About the construction of the price data feeding the protocol.
About DIA
DIA is a multi-chain, end-to-end, open-source data and oracle platform for Web3. The DIA platform enables the sourcing, validation. Sharing of transparent and verified data feeds for traditional and 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 is directly sourcing from a broad array of on-chain and off-chain sources at individual trade-level. This allows DIA feeds to be fully customising with regards to the mix of sources and methodologies. Resulting in tailor-made, high resilience feeds and thereby setting a new paradigm for oracles.
About Takepile
Takepile is a decentralized perpetual exchange offering real yield staking opportunities and guaranteed position solvency through its novel “pile” liquidity system. Perpetual DEXs are a fast emerging DeFi concept. They to allow trading on market volatility without impacting investments or held assets. Takepile is distinguishing by their real yield offerings, guaranteed position solvency. No-slippage trading, no false liquidations, zero funding rates and DIA-powered markets.
SOURCE:
https://medium.com/dia-insights/partnership-with-takepile-protocol-77b51065b67b
