DIA DAO | Open-Source Oracles for Web3

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.

Interlay is a modular, programmable layer bridging Bitcoin and the multi-chain ecosystem, facilitating DeFi use cases for Bitcoin. It enables swapping, lending, borrowing, and creating leveraged positions across 17 supported networks. Interlay's architecture consists of four layers: base layer for consensus, computation, and governance; infrastructure layer for cross-chain bridging; DeFi layer for lending, borrowing, and swapping; and application layer for SDKs and APIs. Interlay brings benefits to the Bitcoin network, including a DeFi TVL of over $50 million.

DIA, a decentralized oracle platform, has announced the introduction of a tBTC/USD price feed, enabling the use of Bitcoin in decentralized finance (DeFi) on Ethereum. The feed is crafted from various decentralized exchanges (DEXs) and is adaptable for deployment on over 50 blockchain networks. Additionally, DIA has highlighted ZAP, a Bitcoin Layer 2 solution utilizing ZkEVM technology focused on AI and DePIN. ZAP provides a platform capable of running smart contracts for off-chain transactions, enhancing transaction efficiency and minimizing costs.

Stacks is a Layer 2 solution that enables fast, cheap Bitcoin transactions and full-featured smart contracts. It utilizes a multi-layer architecture with Bitcoin as the base settlement layer, Stacks for smart contracts and programmability, and Hiro Subnets for scalability and throughput. Stacks uses the Clarity programming language and a Proof-of-Transfer consensus mechanism to settle transactions on Bitcoin. Upcoming upgrades include sBTC, a Bitcoin-backed asset for secure movement of BTC in and out of the Layer 2, and the Nakamoto upgrade for faster blocks and full Bitcoin finality.

DIA is offering cutting-edge, transparent, and customizable oracle solutions to enable the safe and secure development of decentralized finance (DeFi) applications on Bitcoin Layer 2 networks. DIA's oracles are designed to seamlessly integrate with Bitcoin's native assets, provide broad data coverage, allow customization for specific use cases, and offer end-to-end transparency. The oracles harness a first-party data scraping architecture from decentralized and centralized exchanges to ensure accurate and reliable data feeds for DeFi platforms on Bitcoin Layer 2. DIA aims to revolutionize DeFi on Bitcoin Layer 2 with its advanced oracle solutions.

DIA, a decentralized organization, has announced the launch of a SAVM/USD price feed for the Satoshi Virtual Machine (SAVM) on the Bitcoin network. SAVM is a smart contract platform that enhances Bitcoin's utility. The new price feed leverages data from multiple sources and offers customization across over 50 blockchains. This development aims to facilitate transactions powered by the SAVM token on the Satoshi VM platform.

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BTClayer2 has unveiled its future product roadmap, which includes the BEVM-Stack, a one-click tool for BTC Layer 2-as-a-Service, and the DBFX Protocol, enabling seamless integration of native BTC into any DeFi protocol on any chain. The announcement also provided context on the DIA DAO, an open, decentralized framework for the DIA community to support the growth and development of DIA while earning rewards.

The DIA DAO has announced a new partnership with TheTNetwork, a decentralized threshold cryptography network. This was one of several developments in March 2024, including successful DAO votes on proposals from Gravita Protocol and a community collaboration with BTClayer2. The DAO also completed a development sprint with Zealy.io. Key events during the month included the Infra Gardens at EthDenver, a Bitcoin Hackerhouse hosted by Build on Bob, and podcast episodes featuring partners like Fortifi, Ankr, and Origin DeFi. The DIA community continues to grow through Discord and Telegram channels.

DIA, a decentralized organization, has announced the launch of the ORDI/USD price feed, which tracks the price of the ORDI token, a leading BRC-20 token on the Bitcoin network. The feed is transparently built using data from over 10 sources and can be customized and deployed on more than 50 blockchain networks. DIA also introduced its DAO (Decentralized Autonomous Organization), an open and decentralized framework that allows community members to contribute to the growth and development of DIA while earning rewards in the form of Ethereum, experience points, and DIA tokens.