Kana Labs is proud to announce the launch of its liquidity and bridge aggregator SDK. This SDK is a middleware that enables third-party developers/founders/dapps who are unfamiliar with blockchain technology to easily build their product on top of their SDK as a front-end version using standard languages such as javascript and python.

The New SDK Product

The Kana Labs product suite has so far taken a B2C approach helping simplify DeFi for all participants, be it new users looking to try out cryptocurrencies or experienced DeFi practitioners. With the launch of our new SDK product, we are taking our first step into the B2B business arena.

The SDK, composed of two layers, the first of which aggregates liquidity from a variety of dApps built on supported blockchain networks. The second layer is made up of bridges, built into the Kana Labs product suite, allowing users to perform cross-chain transactions across all blockchain networks that have been integrated into the Kana Labs product suite. Kana Labs’ product suite is a user-friendly multi-chain DeFI super app that helps its users simplify various day-to-day operations such as send and receive, swap, stake, lend and borrow, and yield generation.

In the market, there are numerous liquidity aggregators and cross-chain service providers.

What Makes their SDK so Unique?

The majority of liquidity aggregation and cross-chain bridges found in today’s market focus on a single DeFi operation — Swap. However, DeFi is not limited to Swaps, and  their SDK supports a variety of DeFi operations including Swap, Stake, Yield Generation, Lend, and Borrow. Most cross-chain platforms that support multiple chains make bridging via EVMs possible.

This SDK will revolutionize cross-chain transactions in today’s DeFi industry because it covers liquidity aggregation for various DeFi operations such as Swap, Stake, and Lend and Borrow under a single UI, and their cross-chain solution includes many core-non EVM chains. Another notable feature is that their SDK supports multi-platform access, allowing it to use to develop apps for both desktop and mobile platforms.

Developers can interact with a larger audience base from multiple chains, resulting in a higher flow of liquidity, while users can interact with a diverse range of dApps from various blockchains through a single UI. Both web2 developers who are new to crypto and those who are already in the blockchain space and want to expand to different networks without the hassle of learning the core concepts of different blockchains can easily build their products on top of our SDK, making it an appealing product for devs/founders.

About Kana Labs

Kana Labs is a wallet-based multi-functional product suite that caters to all key DeFi needs in Solana, Neon and many more ecosystems. Swap, stake, farm, lend, borrow, and more in a single multi-chain wallet-based application.

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SOURCE

https://kanalabs.medium.com/kana-labs-launches-liquidity-bridge-aggregator-sdk-1b0677d3b0ad

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DIA oracles integration with Neon Network’s testnet, will bring 20.000+ tokens and NFT price feeds to the EVM solution on Solana.

Introducing Neon

Neon is a Solana software environment that acts as a gateway for Ethereum-based applications to access Solana’s scalability and liquidity without changing their codebase. Because Neon supports the full Ethereum Virtual Machine — EVM — it allows Ethereum native developers to use familiar tools and resources while benefiting from Solana’s ability to process transactions quickly and at lower fees.

Solana’s speed, security, and low gas fees, combined with EVM support, make it an appealing combination for the Neon network, which currently supports a throughput of 2.000+ TPS and gas at 0.000015 SOL / tx.

Neon worked hard to ensure that the EVM is as simple to use as possible. Users can connect to Neon using wallets that support custom RPC APIs, giving them an Ethereum-like user experience. Existing Ethereum dApps can launch on Neon without requiring any changes to their codebase, making it the only EVM that enables the deployment of Ethereum dApps on Solana’s ecosystem.

Introducing the DIA Data Library to Neon

DIA has integrated its open-source Oracle infrastructure with the Neon testnet network. This new update allows Neon developers to begin developing and testing a wide range of DeFi and NFTfi applications that rely on high-quality, transparent, and crowd-sourced price data feeds. The mainnet will be integrated as soon as it goes live, which is expected on December 12, 2022.

Because of Neon Network’s EVM compatibility, Ethereum native applications can be easily migrated to the Solana ecosystem with no code changes, where DIA can feed them with accurate and transparent market data. This will enable DIA to power dApps on Neon EVM with a variety of DeFi use cases such as stablecoins, staking, and mining.

Marina Guryeva, CEO and Founder of Neon Labs, the developer behind Neon EVM, says:

“Neon EVM unites the best of two worlds: Ethereum and Solana, and puts to rest the Ethereum killer narrative once and for all. Ethereum-based projects can, for the first time, tap into the previously inaccessible audience and liquidity of Solana without needing to rewrite their code in Rust. As a result, users will now get to enjoy enhanced user experiences on Solana without losing out on Ethereum’s battle-tested dApps.”

How Does DIA Function?

With the deployment of DIA’s data and Oracle infrastructure, dApps on Neon Network’s EVM-compatible ecosystem will have access to price feeds of 3k+ digital assets and 18k+ NFT collections, as well as a variety of lending rates, FX rates, and other data feeds. This will allow Neon Network to support applications other than DeFi and NFTfi.

Because DIA does not rely on outside data suppliers, its proprietary open-source Oracle infrastructure distinguishes it from other Web3 data solutions. In order to create price oracles, DIA crowdsources trade data at a very granular level from both off-chain and on-chain sources.

DIA’s architecture enables the creation of custom token and NFT price feeds for each dApp and use case, with pricing methodologies, data sources, and other factors such as oracle update mechanism, frequency, and more completely customizable. DIA’s strategy allows it to meet any unique data and asset requirements a project may have while also providing users with complete transparency into how the data feeds are created.

Michael Weber, DIA Co-Founder mentions:

“We are excited to see an EVM-based Layer-2 scaling solution build on Solana. Their effort to make Neon compatible with Ethereum certainly is an exciting vision, and we are thrilled to see DIA help their network flourish. With the security and speed of Solana, together with the low cost of Neon, we could see a great inflow of new apps and users, and we would be more than happy to kickstart their development on the Neon network.”

Neon Network DIA Demo Oracle

Test the DIA demo oracle on the Neon Network by interacting with the following demo oracle smart contact:

• Testnet: 0x2d3ad31fcd86be9ca037792f11fc5746ba6320c7
• Mainnet: coming soon

Note: DIA Demo Oracle contracts are not intended to be integrated into dApps. DIA deploys dedicated contracts for dApps, please request a dedicated oracle. Learn more about DIA demo oracles on the DIA Documentation.

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 Neon

Neon lets users run any Ethereum protocol on Solana, without any changes to its codebase. Including Uniswap, Sushiswap, 0x, MakerDAO, and countless others. In other words, Ethereum developers can soon deploy their apps to Solana, a blockchain that can process 50K transactions per second at $0.0025 apiece.

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SOURCE

https://medium.com/dia-insights/hello-neon-network-dias-oracles-live-on-neon-testnet-8a34a475af97

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