DIA Price Oracle Now Available in Telos EVM’s DeFi Project
New York, NY-News Direct-Telos Foundation
Telos is excited to announce that it is implementing DIA Pricing Oracle to support its ambitious tEVM-powered DeFi strategy. Cryptographic Price Oracle is the cornerstone of the DeFi project, and DIA (Decentralized Information Asset) is an excellent cross-chain end-to-end data and Oracle platform for Web 3.0 / DeFi. tEVM is the fastest, largest capacity, cheapest, energy efficient, reliable, neutral and decentralized EVM ever. The addition of high quality cross-chain priced Oracle is a fundamental addition to Telos’s rapidly growing DeFi ecosystem.
“By partnering with DIA, Telos has the potential to support DeFi projects such as Omnidex, Zappy and Bardi. We are working on a meaningful liquidity support program and will give DeFi startups an Ignite grant program. We do. Please build a DeFi project with Telos. “
AJ Dinger, Head of Business Development, Telos
Blockchain Oracle provides the chain with a bridge that connects data from on-chain and off-chain platforms. Oracle is especially needed to provide DeFi applications with external information in an accurate and reliable way. These data streams contain data such as cryptocurrency price feeds and lending rate feeds, which play a direct / indirect important role in maximizing the potential of smart contracts.
Oracle provides the tools to query, retrieve, validate, and provide the off-chain data needed for the blockchain. Technically speaking, this is a behind-the-scenes communication tool and source of information. Prior to Oracle’s widespread availability, blockchain ledgers could not communicate with the outside world, and this limit not only reduced the user experience, but also limited overall adoption. Oracle’s price feed reports price changes for live on-chain cryptocurrencies. Without the price of Oracle, crypto assets cannot be cross-chained accurately. In DeFi, it is common for smart contracts to receive input from Price Oracle, which triggers actions related to lending or staking contracts.
DIA data comes directly from a wide range of on-chain and off-chain sources at individual trading levels. This allows the DIA feed to be fully customized with respect to the combination of sources and methodologies, providing a bespoke high restoring feed and setting a new paradigm for Oracle.
“We are excited to enter the Telos ecosystem by integrating open source, transparent data and Oracle infrastructure with Telos’ new EVM Layer 1 blockchain. Developers are highly customizable and transparent. Get native access to DIA’s wide range of data feeds on crypto assets over 6k and traditional assets over 20k through Telos. Start collaborating with Telos’ native dApp to be accurate and reliable. We are very pleased to be able to help you build the best products in the most expensive way. “
Paul Claudius, Head of Business Development at DIA
Transparency and customizability are important pillars of DIA. Developers can use DIA to build their own price feed oracle and customize the specific calculation methods used and the data sources that make up the feed. This approach is designed to adapt to the potential custom needs of your project, but it also provides users with maximum transparency in how they build their data feeds, while also providing asset price feeds. I can do it.
Telos Blockchain (Ticker: Tlos), which has been in operation since 2018, is a third generation smart contract platform that provides compatibility with Solidity, Vyper, and Native C ++ smart contracts. Telos offers full EVM / Solidity support without fixed low cost gas charges and front running. Uniquely, Telos also provides a path to free transactions through robust native C ++ smart contract support. With less than 0.000002kWh per transaction, the chain sustainably supports hundreds of millions of transactions per day, generating blocks at 0.5 second intervals on a first-in, first-out basis (eliminating front running on the network) and being reliable. A neutral and globally decentralized block producer network. The Telos blockchain has the throughput needed to extend the thriving Metaverse / Web3.0 in a better way than any other blockchain. Its performance is unmatched in the industry and was built to provide speed, scalability, cost effectiveness, reliable decentralization, and end-user equity. Telos leverages its capabilities by leveraging tight C ++ on the front end and leveraging a custom WASM runtime environment on the back end.
About the Foundation
The Telos Foundation is a decentralized autonomy established as a promotion and funding organization to advance the Telos Blockchain Network and support network applications.
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