DIA DAO | Open-Source Oracles for Web3

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.

DIA, a decentralized oracle platform, has been recognized and awarded by the Stellar Community Fund. With this award, DIA has integrated robust price and randomness oracles on the Soroban testnet, the smart contracts platform on the Stellar network. DIA's oracles provide market price feeds for tokens and a source of publicly verifiable, unbiased, and unpredictable randomness. By integrating real-world data into the Soroban chain, DIA's oracles enhance functionality and support innovation across Soroban's ecosystem. DIA is a member of Drand's League of Entropy, a consortium producing a truly random beacon. The integration aims to cater to applications on Soroban that require oracle services.

Bitcoin continues to evolve with the introduction of Bitcoin Runes, a unique method for creating fungible tokens. This development aims to enhance the network's functionality. Additionally, Mezo, a Bitcoin-first Layer 2 protocol, has been added to facilitate broader use of Bitcoin in decentralized finance through secure bridging and dual staking mechanisms.

DIA is providing oracle infrastructure to enable the safe and secure development of decentralized finance (DeFi) applications on the Bitcoin L2 ecosystem. They have added support for OrangeDX, a DeFi protocol that enhances Bitcoin's utility by enabling secure and interoperable financial services within the DeFi landscape. DIA also has a decentralized autonomous organization (DAO) that allows the community to contribute to the growth and development of DIA while earning rewards in Ethereum, experience points, and DIA tokens.