August 10, 2022

The open-source oracle platform for Web3, DIA introduced right this moment its entry into the newly launched Evmos ecosystem by making its information infrastructure out there on its mainnet community. This new integration can be essential to protocols working on Evmos to develop DeFi use instances equivalent to stablecoins, lending and borrowing, DEXs and extra.

With its Mainnet dwell since April 26, Evmos is an application-agnostic chain constructed with the Cosmos community, interoperable with Ethereum environments because of its Ethereum Digital Machine compatibility. This permits builders to entry all Ethereum instruments and options whereas nonetheless benefiting from the community’s Proof of Stake (PoS) consensus mechanism. As Evmos is constructed on high of the Cosmos SDK, it will probably additionally work together and alternate worth with the remainder of the Cosmos Ecosystem.

It’s well-known the significance and necessity of blockchain oracles to gasoline DeFi purposes.

Oracles, as bridges between off-chain and on-chain methods, are the third-party software program in command of feeding sensible contracts with real-time information to execute their underlying transactions. By way of this integration, DIA is enabling builders on Evmos to have entry to information feeds for six.000+ cryptocurrency belongings to construct dApps.

To supply such a big information providing, in contrast to different Web3 oracle suppliers, DIA sources information immediately from CEXs and DEXs at a really granular degree. This allows DIA to create oracles for any asset that’s out there on centralised and decentralised markets. Moreover, this multi-source and granular strategy permits DIA to create very strong and resilient oracles whereas offering full transparency.

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Evmos is the newest blockchain community that DIA has built-in with and joins a listing of 20+ blockchains DIA is on the market on, together with Fantom, Arbitrum, Solana, Polkadot, Metis and NEAR, amongst others.