Good points Community, the artificial derivatives platform, and DIA lately collaborated to introduce plenty of DeFi options to boost Silo Finance’s lending protocol. This new partnership introduces a brand new value feed oracle for gUSDC on the Arbitrum Community.
🎉 DIA x Good points Community
DIA has partnered with @GainsNetwork_io to implement a value feed oracle for $gUSDC on the #Arbitrum community. https://t.co/bQ8boDrsEB
— DIA Group Hub (@DIACommunityHub) August 23, 2024
DIA is a cross-chain, end-to-end, open-source knowledge and Oracle platform for Web3. Web3 purposes depend on dependable and scalable knowledge feeds to construct dependable merchandise and forestall exploitation and tampering. The DIA platform permits the sourcing, validation and sharing of clear and verified knowledge feeds for conventional and digital monetary purposes.
It collects billions of uncooked buying and selling knowledge instantly from greater than 80 sources, together with centralized exchanges (CEXs) and decentralized exchanges (DEXs). The information permits full transparency and customization administration throughout the whole worth stack to energy any web3 or web2 use case.
Extra about this partnership between DIA and Good points
Good points Community is an progressive artificial derivatives platform working on the Polygon and Arbitrum blockchains. Its core providing is gTrade, an Oracle-based perpetual futures alternate. It permits customers to commerce varied asset lessons together with cryptocurrencies, shares, foreign exchange, indices and commodities. Buying and selling leverage ranges from 2x to 1,000x relying on the asset class.
With DIA’s new value feed oracle, the Arbitrum Community will likely be extra environment friendly and fewer vulnerable to manipulating the worth feed for gUSDC. Silo Finance’s lending protocol will likely be extra superior and supply extra safety and higher service to customers when borrowing or lending belongings.
Lastly, artificial derivatives and new options of DeFi have been added, which means customers have extra choices to commerce, borrow and earn inside the DeFi atmosphere. Together with a dependable value oracle improves the safety of the lending protocol to guard the consumer’s funds from potential loss.