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.

Website | Twitter

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SOURCE: MEDIUM

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