DIA DAO | Open-Source Oracles for Web3

DIA, a decentralized oracle platform, has been selected as the go-to oracle provider for BOB, a thriving Bitcoin Layer 2 rollup with over $300 million in total value locked (TVL). This collaboration will enable developers building on BOB to access high-quality, transparent token price feeds provided by DIA. The oracle, available on BOB Mainnet, provides price information for various tokens including WBTC, tBTC, USDT, USDC, eWTH, ETH, and SOV. The oracle is set with a high refresh rate, updating on-chain values whenever asset prices deviate by more than 0.5%, making it suitable for powering various on-chain applications such as lending and borrowing, derivatives markets, stablecoins, prediction markets, and yield protocols. Developers can interact with the DIA oracles via the provided smart contract address.

DIA has expanded its partnership with Prime Protocol by adding new asset price feeds to Prime's custom price oracle on the Moonbeam Network. The new assets include weETH from EtherFi, wstETH from Lido Finance, and ENA and USDe from Ethena Labs. This move enhances the decentralized finance (DeFi) capabilities on the Moonbeam Network by providing price data for these additional assets.

In April 2024, DIA announced partnerships with Stable, SatoshiBEVM, and Vector Reserve. Stable is a fiat-backed stablecoin issuer, SatoshiBEVM is the first stablecoin backed by Bitcoin, and Vector Reserve is DeFi's first liquid restaking LPD. DIA also integrated its infrastructure with the HelloTelos and Soroban Official chains, launched a new resource called the Ultimate Bitcoin Ecosystem Map, and expanded its presence in the growing Bitcoin ecosystem.

Mean Finance, a decentralized finance (DeFi) platform, has undergone a transformative rebranding and is now known as Balmy.xyz. The DIA DAO, an open and decentralized organization, has expressed excitement and support for Balmy.xyz's journey in redefining accessible and sustainable DeFi solutions.

B² Network is building a Layer 2 solution for Bitcoin utilizing ZK-rollup technology. It consists of two layers: the Rollup Layer which executes smart contracts off-chain using zkEVM, and the Data Availability Layer responsible for storing rollup data, verifying proofs, and finalizing confirmations on the Bitcoin network. This architecture aims to boost transaction efficiency and reduce costs for Bitcoin transactions.

An upcoming dynamic discussion is scheduled for Thursday, featuring @dn2k from @mintlayer and @AtomiqFounder from @AtomiqDeFi. The discussion will explore the latest innovations within the Bitcoin network and the broader decentralized finance (DeFi) landscape. Attendees are encouraged not to miss this event.

The DIA Community Hub shared a weekly recap highlighting notable developments from the previous week. Key points included a partnership with Vector Reserve, in-depth content exploring various projects within the Bitcoin ecosystem such as Build on Bob, Liquid BTC, Avalon Finance, and Zest Protocol, as well as other Bitcoin-focused material.

Rootstock is a smart contract platform built on top of Bitcoin, allowing for the deployment of Ethereum Virtual Machine (EVM) compatible smart contracts while leveraging the security of the Bitcoin network. Its core architecture includes the Rootstock Virtual Machine (RVM), a two-way pegged Bitcoin sidechain, a merge-mining-based consensus protocol, and a low-latency block-propagation network. Rootstock is important for the Bitcoin ecosystem as it enables stable value of assets collateralized by Bitcoin, protects Bitcoin miners' investments post-halving, introduces innovative sidechain technology, and provides a low-cost Bitcoin payment network. For Ethereum developers and users, Rootstock offers EVM standardization, reduced persistent chain fork risks, enhanced security, and increased transaction throughput by porting decentralized applications (dApps) to RSK. Key benefits of building on Rootstock include being secured by Bitcoin's Proof-of-Work, interoperability with Ethereum, a 1:1 pegged RBTC token to Bitcoin, enabling DeFi on Bitcoin, and being future-proofed and decentralized.

DIA, a decentralized data platform, has developed a unique direct data sourcing architecture that provides transparent and resilient price feeds for any asset on supported decentralized and centralized exchanges. This architecture is a crucial tool for powering long-tail asset markets, enabling robust and reliable price data for a wide range of assets.

Satoshi Protocol's YQ Huang has unveiled their unique Collateralized Debt Position (CDP) infrastructure built on BTCLayer2. This allows users to leverage their Bitcoin holdings as collateral to mint or borrow the SAT stablecoin.