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Open-Source Oracle DIA announces Integration with Fantom’s Opera Mainnet

The open-source oracle platform for decentralised finance DIA introduced right this moment its entry into the Fantom ecosystem by making its knowledge provision obtainable on Fantom’s Opera Mainnet. This new integration will allow groups working on Fantom to develop use circumstances comparable 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 Network is appropriate with Ethereum’s Virtual 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 total value locked of almost $5 billion, the Fantom ecosystem is repeatedly rising with many DeFi protocols already working within the chain. Some of the best-heard dApps embrace AnySwap, SushiSwap, Yearn Finance, Abracadabra, Beefy Finance and plenty of extra.

Blockchain functions, whatever the native community, require correct and real-time knowledge from the surface world to execute their underlying transactions. Through 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 neighborhood of builders scrape knowledge instantly from on-chain sources or CEX APIs at particular person commerce stage. Any knowledge 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 tasks function their property solely on the Fantom blockchain and are traded solely on Fantom DEXs, DIA is particularly sourcing knowledge feeds of Fantom Network native property. To accomplish that, DIA scrapes data instantly from Fantom native markets comparable to SpookySwap.

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

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