Fantom integrates DIA to give its dApps access to customizable oracles

Fantom integrates DIA to give its dApps access to customizable oracles
фото показано с : invezz.com

2021-12-17 17:00

Fantom (FTM/USD), the highly scalable blockchain platform for dApps, DeFi, and enterprise applications, has integrated open-source oracle provider DIA within its ecosystem, Invezz learned from a press release. DIA’s integration with Fantom Opera Mainnet will give Fantom-powered dApps access to end-to-end customizable oracles.

DeFi developers leverage DIA data feeds to create use cases

With the integration, DeFi developers on Opera mainnet will be able to leverage DIA’s vast set of data feeds to create extensive use cases including lending, borrowing, stablecoins, DEXs, staking rewards, and more.

Oracles are the basis for emerging DeFi applications

The total value locked (TVL) within DeFi protocols has gained over 1,000% since January this year and oracles have become a crucial component of emerging DeFi applications as dApps rely on dependable, verified external data feeds. DIA will source data feeds of Fantom Network native assets as most Fantom projects run exclusively on the Fantom blockchain.

It will obtain information directly from SpookySwap and other native markets, allowing Fantom-native projects to receive data from a Fantom-native oracle. This will ensure a customizable, frictionless, and transparent data infrastructure with maximum asset price data coverage.

Fantom CEO Michael Kong commented:

We are excited to have DIA’s open-source oracles deployed in Fantom’s mainnet. DIA’s decentralised approach to data sourcing will help dApp developers build accurate and resilient products on Fantom.

Michael Weber, Founder and Association President at DIA, added:

Fantom is an exciting ecosystem with a fast and efficient ledger and a growing number of dApps operating. We are very excited to contribute to its adoption by helping new dApps have access to transparent and reliable data. Developers on Fantom can now start using DIA oracles to build new use cases for any digital asset.

The integration will allow developers within the Fantom network to customize specific methods and create unique price feed oracles, thereby achieving maximum adaptability and transparency. They will be able to port Ethereum-native (ETH/USD) apps to the Fantom network and plug DIA oracles to fuel its smart contracts as Fantom is compatible with Ethereum Virtual Machine (EVM).

The post Fantom integrates DIA to give its dApps access to customizable oracles appeared first on Invezz.

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dapps fantom dia open-source oracle integrated applications

Источник: invezz.com

dapps fantom → Результатов: 5


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DApps On Fantom Can Now Build with DIA’s Transparent Oracles

The open-source oracle platform for decentralised finance DIA announced today its entry into the Fantom ecosystem by making its data provision available on Fantom’s Opera Mainnet. This new integration will enable teams operating on Fantom to develop use cases such as stablecoins, stakings rewards, lending and borrowing, DEXs and many more. Fantom is a fast,Read More

2021-12-17 09:00


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