Polkadot Parachain Astar Community integrates with DIA Oracles | BTCMANAGER – BTCMANAGER

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DIA is the first oracle vendor to integrate its oracle infrastructure with the Astar network running on the Polkadot relay chain. The Oracle deployment will make it easier for DeFi applications on Astar to easily connect to the outside world’s data.

The open source data provider DIA today announced the integration of its decentralized oracle infrastructure with the Astar network, runs on the Polkadot relay chain. This oracle deployment will make it easier for DeFi applications on Astar to easily connect to the outside world’s data via DIA’s trusted oracles.

Astar Network, formerly known as Plasm, is a dApp hub on Polkadot supporting Ethereum, WebAssembly and Layer 2 solutions like ZK Rollups. Astar Network won the 3rd Polkadot Parachain Auction on December 2, 2021 and was added to the Polkadot Relay Chain on December 18, 2021.

Since the Polkadot Relay Chain does not support smart contracts, Astar is working to provide a solution for all developers via parachain where EVM and WebAssembly smart contracts can coexist and communicate with each other.

Thanks to Astar’s Ethereum and WebAssembly compatibility, DeFi applications can be deployed seamlessly on Astar’s parachain, where DIA can feed them with accurate and transparent market data. DIA’s price feed oracles will drive a number of use cases such as: B. Lending and borrowing protocols, stablecoins, staking rewards and much more.

To create the data feeds, DIA concurrently aggregates trade-level price data directly from centralized and decentralized exchanges. This decentralized approach to data sourcing allows DIA to provide accurate price feeds on-chain and reduce the risk of data tampering.

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