DIA DAO | Open-Source Oracles for Web3

A comprehensive resource mapping out over 75 AI projects operating in the Web3 space has been unveiled. This resource provides insights into the convergence of artificial intelligence and blockchain technologies, highlighting the cutting-edge innovations taking place at the intersection of these two domains.

In April 2024, DIA announced partnerships with Stable, SatoshiBEVM, and Vector Reserve. DIA also integrated its infrastructure with the Telos and Soroban blockchains. Other updates included launching a new resource, the Ultimate Bitcoin Ecosystem Map, and expanding into the Bitcoin ecosystem. DIA's decentralized community continued to govern the project, with new initiatives like the Bitcoin Ecosystem X List and a community AMA. The team participated in various events and produced content focused on Bitcoin's DeFi landscape, Layer 2 ecosystem, and the future of Bitcoin-related projects.

DIA has released a comprehensive visual guide mapping the evolving landscape of Bitcoin Layer 2 networks and decentralized finance (DeFi) protocols. The map showcases over 70 projects building to enhance Bitcoin's utility and versatility in areas like DeFi, oracles, and non-fungible tokens (NFTs). DIA is providing oracle infrastructure to enable secure development of DeFi applications on Bitcoin Layer 2 networks. The map aims to highlight how Bitcoin is emerging as a pivotal hub for Web3 innovation following the recent halving event.

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.