DIA’s integration with the Stacks ecosystem brings a new level of data accuracy and reliability to Bitcoin DeFi, providing developers with essential tools to build advanced decentralized finance applications.
DIAMONDa decentralized oracle network that provides customizable market data feeds for a wide range of assets, has partnered with the Stacks ecosystem to integrate its full oracle suite. This collaboration introduces a new data feed service for STX and SIP10 tokens, equipping developers with essential data tools needed to build decentralized finance (DeFi) applications on the Stacks layer.
DIA integration offers several advantages:
– Free access: Developers on Stacks can use DIA’s price oracles for free, driving innovation across the ecosystem.
– Transparency: DIA’s price feeds are powered by its proprietary system, aggregating data from over 90 exchanges for clarity.
– Reliability:With support for 200+ dApps and 50+ chains, DIA oracles provide reliable and robust data for Stacks-based applications.
DIA’s decentralized approach ensures that its price feeds, sourced from more than 100 exchangesprovide accurate and transparent data, essential for DeFi applications on Stacks.
The addition of the Bitflow exchange to DIA’s data sources further enhances Stacks’ native asset coverage, enabling DIA to generate price oracles for all assets traded on Bitflow and expanding utility within the Stacks ecosystem.
“Oracle price feeds are incredibly important for lending applications like Zest Protocol and the broader DeFi ecosystem on Stacks. As a team, we are very excited to see the range of options expand so that we can easily get reliable price data on the Stacks layer.”
– Tycho OnnaschZest Protocol
“As a strategic oracle partner of Stacks, DIA is excited to bring our decentralized price oracles to the Bitcoin Layer 2 ecosystem. This collaboration unlocks a powerful toolset for developers building on Stacks, enabling them to build innovative, data-dependent DeFi applications off-chain with the security and finality of Bitcoin. We are proud to contribute to the growth of this ecosystem by providing robust and transparent data feeds for Stacks native assets that enable builders to push the boundaries of decentralized finance on Stacks.”
– Dillon HansonBusiness Development Manager at DIA
“At the Stacks Foundation, one of our core functions is to help builders build the resources and infrastructure they need to succeed. Working closely with the DeFi Working Group, research quickly showed that DIA was the builders’ top choice in an oracle. The DIA integration addresses the remaining key needs related to Bitcoin DeFi on the Stacks layer and is another example of builder-led prioritization fostering critical relationships with high-quality organizations.”
– Mitchell CuevasExecutive Director of the Stacks Foundation
This integration provides developers with critical infrastructure to build more sophisticated and reliable DeFi products. By leveraging DIA’s expertise in data sourcing and delivery, the Stacks community can expect enhanced capabilities for financial applications, catalyzing growth and innovation for Bitcoin Layer 2.
About DIA
DIA is a decentralized, trustless oracle network that provides reliable data feeds for tokens, liquid staking tokens (LSTs), real-world assets (RWAs), random numbers, and more across multiple blockchains. The network operates in a permissionless manner, allowing nodes and stakers to participate in the decentralized provisioning of data, secured by cryptoeconomic and cryptographic mechanisms. DIA’s native Ethereum Layer 2 rollup, “Lasernet,” handles all key oracle operations, ensuring trustless computation and full verifiability. With over 100 data sources, support for 50+ blockchains, and powering over 200 decentralized applications (dApps), DIA continues to evolve its network, enabling Web3 ecosystems to grow and thrive.
About Stacks
Stacks is a Bitcoin Layer 2 solution that enables smart contracts and decentralized applications (dApps) to use Bitcoin as a secure base layer. The upcoming Nakamoto and sBTC releases in 2024 aim to improve speed and provide transactions with 100% Bitcoin finality. Stacks currently leads the Bitcoin Layer 2 rankings in terms of developer traction and market cap, with the potential to unlock Bitcoin’s $500 billion in passive capital as a fully programmable productive asset. The Stacks token (STX), used as gas on Layer 2, was the first token to undergo a qualified sale by the SEC in the United States. Since the mainnet launch in 2021, Stacks has been fully decentralized, with contributions from over 30 entities including the Stacks Foundation, developer tools company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and others.
