KEY TAKEAWAYS
- DIA has deployed its price oracle on Stellar’s Soroban testnet, enhancing DeFi application development.
- Soroban, Stellar’s smart contracts platform, supports efficient cross-border transactions with Rust-based smart contracts.
- DIA’s oracles provide real-world data for dApps, including lending, borrowing, and stablecoins, on Soroban.
- Developers can access DIA’s oracle smart contract on Soroban’s testnet for custom asset price feeds.
DIA has announced the deployment of its price oracle on Stellar’s Soroban testnet, marking a significant development for developers interested in building decentralized finance (DeFi) applications. This integration allows developers to test DeFi decentralized applications (dApps) using DIA’s price oracles, which provide real-world data essential for various financial services.
Soroban is the smart contracts platform on the Stellar network, designed to facilitate efficient cross-border transactions. It supports smart contracts written in the Rust programming language, compiled as WebAssembly (Wasm) for deployment. The Stellar blockchain is known for its decentralized network that enables quick, low-cost transfers of various currencies.
DIA Oracles Enhance Soroban’s Capabilities
DIA’s oracles are now live on Soroban’s testnet environment, following recognition and an award from the Stellar Community Fund. This development brings oracles infrastructure to Soroban, enhancing its functionality by integrating off-chain data necessary for powering dApps. These applications include lending and borrowing, options and futures, and stablecoins.
The DIA xMarket product is available on Soroban, providing market price feeds for tokens on-chain. DIA’s architecture aggregates raw trade data directly from first-party sources, such as centralized and decentralized exchanges, ensuring 100% source transparency. The library of price feeds includes over 2,500 cryptocurrency tokens, Liquid Staked Tokens (LSTs), and Restaked Tokens (LRTs), with customization options for specific protocols and use cases.
Opportunities for Developers on Soroban
Developers interested in building applications on Soroban can access the DIA oracle smart contract on the testnet. The oracle includes price feeds for various assets, and developers can request custom implementations tailored to their specific needs. This flexibility allows for the prompt integration of new assets as required.
For more information on the deployment of DIA’s price oracle on Soroban, visit the official announcement here.
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