DIA’s Open-Source Oracles Live on Evmos Mainnet
28 Aprile 2022 - 10:20AM
NEWSBTC
The open-source oracle platform for Web3, DIA announced today its
entry into the newly launched Evmos ecosystem by making its data
infrastructure available on its mainnet network. This new
integration will be crucial to protocols operating on Evmos to
develop DeFi use cases such as stablecoins, lending and borrowing,
DEXs and more. With its Mainnet live since April 26, Evmos is an
application-agnostic chain built with the Cosmos network,
interoperable with Ethereum environments thanks to its Ethereum
Virtual Machine compatibility. This allows developers to access all
Ethereum tools and features while still benefiting from the
network’s Proof of Stake (PoS) consensus mechanism. As Evmos is
built on top of the Cosmos SDK, it can also interact and exchange
value with the rest of the Cosmos Ecosystem. It is well known the
importance and necessity of blockchain oracles to fuel DeFi
applications. Oracles, as bridges between off-chain and on-chain
systems, are the third-party software in charge of feeding smart
contracts with real-time data to execute their underlying
transactions. Through this integration, DIA is enabling developers
on Evmos to have access to data feeds for 6.000+ cryptocurrency
assets to build dApps. To provide such a large data offering,
unlike other Web3 oracle providers, DIA sources data directly from
CEXs and DEXs at a very granular level. This enables DIA to create
oracles for any asset that is available on centralised and
decentralised markets. Additionally, this multi-source and granular
approach allows DIA to create very robust and resilient oracles
while providing full transparency. Evmos is the latest blockchain
network that DIA has integrated with and joins a list of 20+
blockchains DIA is available on, including Fantom, Arbitrum,
Solana, Polkadot, Metis and NEAR, among others.
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