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Open-Supply Oracle DIA publicizes Integration with Fantom’s Opera Mainnet

12/16/2021

The open-source oracle platform for decentralised finance DIA introduced at present its entry into the Fantom ecosystem by making its information provision obtainable on Fantom’s Opera Mainnet. This new integration will allow groups working on Fantom to develop use instances akin to stablecoins, stakings rewards, lending and borrowing, DEXs and plenty of extra.

Fantom is a quick, scalable, and safe layer-1 blockchain platform, constructed with Fantom’s aBFT consensus protocol. The Fantom Community is suitable with Ethereum’s Digital Machine (EVM), permitting builders to deploy and run Ethereum dApps on Fantom. On Fantom, transactions are confirmed in round a 1 second and price on common one cent.

With a complete worth locked of just about $5 billion, the Fantom ecosystem is constantly rising with many DeFi protocols already working within the chain. Among the best-heard dApps embody AnySwap, SushiSwap, Yearn Finance, Abracadabra, Beefy Finance and plenty of extra.

Blockchain functions, whatever the native community, require correct and real-time information from the surface world to execute their underlying transactions. By this newest integration with Fantom’s Opera Mainnet, DIA is enabling sensible contracts on the community to have entry to +6.000 cryptocurrency and +20.000 conventional monetary asset feeds.

To supply such a broad vary of information feeds, DIA’s group of builders scrape information straight from on-chain sources or CEX APIs at particular person commerce stage. Any information feed that’s publicly accessible will be sourced, no matter whether or not it’s listed on exchanges and what its buying and selling quantity is.

As many Fantom initiatives function their belongings solely on the Fantom blockchain and are traded solely on Fantom DEXs, DIA is particularly sourcing information feeds of Fantom Community native belongings. To take action, DIA scrapes info straight from Fantom native markets akin to SpookySwap.

Fantom is the most recent blockchain community that DIA has aggregated to its cross-chain oracle providing. In truth, within the final weeks, DIA has been asserting new integrations with many related DeFi ecosystems together with Solana, Celo, Arbitrum, Avalanche, Moonriver, Close to, amongst others.