With a focus on leveraging Bitcoin’s strengths, Satoshi Protocol has crafted SAT, an overcollateralized stablecoin backed by BTC. This innovation marries Bitcoin’s decentralization and resilience with the adaptability and utility of digital currencies like stablecoins.

DIA and Satoshi Protocol Integration

The Satoshi Protocol has incorporated DIA’s oracle technology into the BEVM network. This integration establishes a strong data infrastructure essential for supporting SAT. DIA’s oracles deliver precise, up to date BTC price data collected openly from a range of centralized and decentralized exchanges.

“Excited to work with DIA! Their data solutions power SAT’s CDP system on BEVM. This partnership secures SAT’s collateralization and paves the way for further BTCfi innovation. ”—Satoshi Head of Marketing

Oracles play a crucial role in the operation of Collateralized Debt Position (CDP) stablecoins like SAT. They offer dependable, up-to-date price information essential for upholding the stability and trustworthiness of the stablecoin. In the case of SAT, DIA’s oracles deliver secure and precise Bitcoin price updates that are vital for assessing the collateral. This process guarantees that SAT stays sufficiently collateralized, enhancing its stability and trustworthiness as a digital asset with a fixed value.

Empowering the BTCfi Economy

DIA’s Oracles enable the smooth integration of off-chain data with Bitcoin Layer 2 solutions, opening doors for creative DeFi applications and services within the Bitcoin ecosystem. This enhances the functionality and capital effectiveness of Bitcoin. Potential applications involve lending and borrowing, stablecoins, derivatives trading, payments, and synthetic asset creation.

The Satoshi Protocol aims to provide a cornerstone for DeFi and make BTC truly spendable in daily usage by offering a CDP-style stablecoin.

BEVM’s compatibility with EVM enables smooth migration of Ethereum apps to Bitcoin, expanding Bitcoin’s DeFi use. The Satoshi Protocol aims to enhance DeFi by offering a stablecoin for daily BTC transactions.

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Via this cooperation, DIA will provide Hadouken with accurate price feed oracles. To support the launch of their newly introduced lending and borrowing pairs. The introduction of these new pairs will give Hadouken a new boost and an edge over the ever-evolving ecosystem on the Nervos Godwoken network. As DIA announced its partnership with Hadouken Finance.

The Partnership

DIA has deployed a dedicated smart contract oracle that provides on-chain price feeds to power Hadouken’s lending platform. The oracle will support feeds for asset pairs CKB/USD, WBTC/USD, ETH/USD, USDC/USD, USDT/USD and BNB/USD. To calculate the price of the assets, the oracle employs a Volume Weighted Average Price (VWAP) methodology, based on a 15-minute time interval.

To build price oracles, DIA employs a unique fully transparent, open-source approach. While most oracles depend on third-party centralised data providers, DIA simultaneously sources trade data directly from centralized and decentralised exchanges.

In order to provide the most accurate and reliable on-chain price feeds for Hadouken. DIA has built a dedicated price oracle. The oracle was tailor-made with customised parameters such as an update mechanism, frequency, and computation methodologies.

“We are excited to deliver DIA’s price feed oracle to support Hadouken.finance, and contribute to the increasingly growing ecosystem on the Nervos network. We are confident DIA oracles will secure Hadouken’s operations and we are excited to continue working together.” — Michael Weber, DIA Association President

“Hadouken is thrilled to roll out our borrowing and lending platform with the confidence that users are benefiting from accurate price data from DIA’s custom oracle.” — “Teller,” Hadouken’s product manager

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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 and 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.

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About Hadouken Finance

Hadouken Finance is a decentralised finance platform that allows users to borrow, lend, swap, and bridge all in the same place, utilising the near-instant transaction times and near-zero fees that have been made possible by the Nervos Godwoken network.

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SOURCE: MEDIUM

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DIA will start delivering price oracles for the NFTY token, to power the NFTY Platform on Ethereum and the BNB chain. As the NFTY token will act as the primary mechanism for all functions within the NFTY ecosystem, DIA’s oracle services will play a critical role in the infrastructure of NFTY Finance. As DIA partnership with NFTY Finance.

The Integration

In order to enable the accurate and reliable on-chain operations of the NFTY token, DIA has built a dedicated price feed oracle for NFTY. The feed was tailor-made for NFTY, with customized parameters such as update mechanism, frequency and computation methodologies.

To build price oracles, DIA employs a unique fully transparent, open-source approach. While most oracles depend on third-party centralised data providers, DIA simultaneously sources trade data directly from centralized and decentralized exchanges. This aggregated trade data is then computed and sanitised based on fully transparent methodologies, delivering the final price points.

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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 and 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.

Website | Twitter

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About NFTY Finance

NFTY FINANCE is a DeFi Centre dedicated to provide everyone with an easy, transparent, and secure NFT borrowing and lending experience.

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SOURCE: MEDIUM

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GTON Capital will integrate DIA’s transparent and reliable data and oracle infrastructure into GTON Network which will enable a more transparent and secure DeFi ecosystem. GTON Network has its own EVM optimistic rollup solution. In order to make it usable for DefI developers the task of price feeds delivery must be solved. And now announcong DIA partnership with GTON Capital.

There are two issues with centralization for the data feeds:

1. The data source and its aggregation
2. On-chain delivery and on-chain data aggregation.

First is solving the issue of wrong data from origin data source: website, exchange, aggregator. Second is solving the issue of malicious data providers: oracle, rpc, connector, smart contract.

DIA, the end-to-end, open-source data and oracle platform, is solving both issues.

Initially GTON Capital will utilize aggregated data sources from DIA’s API.  Later on, we’ll start working on integrating DIA’s price oracle smart contracts into GTON Capital DONs (decentralised oracle networks).

GTON Features

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