DIA DAO | Open-Source Oracles for Web3

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.

Bitcoin Layer 2 (L2) networks are gaining significant traction as they enable Bitcoin to become a robust platform for decentralized finance (DeFi), non-fungible tokens (NFTs), and other Web3 innovations. As the Bitcoin halving approaches, the ecosystem is rapidly expanding with new L2 solutions and DeFi protocols emerging. These developments are shaping Bitcoin into a pivotal hub for the evolving Web3 landscape.

JJuuneez has revealed the inspiration behind BEVM, which aims to be the leading layer 2 solution on the Bitcoin network with seamless EVM compatibility. The DIA community is excited to witness this new wave of innovation, especially with the launch of BTClayer2's fresh BEVM Mainnet. The DIA DAO is an open, decentralized framework that enables community members to support the growth and development of DIA while earning rewards in the form of ETH, XP, and DIA tokens.

In the lead up to the Bitcoin halving event, the Bitcoin ecosystem is rapidly evolving with the emergence of Layer 2 scaling solutions and decentralized finance (DeFi) protocols. A comprehensive visual guide has been released, mapping out the various L2s, DeFi protocols, and infrastructure providers that are shaping the future of Bitcoin as a hub for Web3 innovation. The map aims to provide insights into the expanding landscape of Bitcoin-based projects and their role in driving the next wave of development in the cryptocurrency space.

DIA, a decentralized oracle platform, has announced a partnership with Vector Reserve, the issuer of vETH - a liquid restaking liquidity position derivative (LPD) for DeFi. DIA has built a custom price oracle for Vector's vETH and svETH tokens. This collaboration aims to support the growth and development of DIA while enabling community members to earn rewards through open and decentralized work within the DIA DAO framework.