DIA DAO | Open-Source Oracles for Web3

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.

Tanssi Network, a decentralized platform, has launched its testnet and kicked off its first incentivized campaign. The DIA DAO, an open and decentralized organization, is supporting Tanssi's growth with its oracle infrastructure. The DIA DAO allows community members to contribute to the development of DIA while earning rewards in the form of Ethereum (ETH), experience points (XP), and DIA tokens, which enable participation in governance and other on-site utilities.

Zest Protocol is an on-chain lending platform that allows users to earn yield on their Bitcoin holdings or take out undercollateralized Bitcoin loans. It operates on the Stacks blockchain, a Bitcoin layer-2 solution, using Clarity smart contracts that interact directly with the Bitcoin blockchain. The protocol involves pool delegates who manage lending pools, liquidity providers who deposit Bitcoin to fund loans and earn yield, ZEST token holders who vote on onboarding pool delegates, and borrowers who can request capital from liquidity providers. Zest Protocol aims to enable a more inclusive and efficient Bitcoin DeFi ecosystem.

Liquidium is a decentralized finance (DeFi) protocol that enables users to borrow or lend Bitcoin, using unique Bitcoin-based assets called Ordinal Inscriptions as collateral. The protocol facilitates peer-to-peer Bitcoin lending, where users can earn interest by lending out their Bitcoin or borrow Bitcoin by using their Ordinals as collateral. Liquidium's operations are facilitated through Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs) to escrow the Ordinal on the Bitcoin base layer.

DIA, a decentralized oracle platform, has announced a partnership with Stable to launch a collateral-based price oracle for the USDLR stablecoin on the Arbitrum network. The oracle will enable secure integration and usage of the USDLR stablecoin in decentralized finance (DeFi) applications. USDLR is a fiat-backed stablecoin that shares revenue with companies and protocols that distribute it. The oracle will assess the collateral reserves of USDLR in real-time, involving various on-chain and off-chain data sources, to provide a reliable price feed for the stablecoin.