KEY TAKEAWAYS
- DIA partners with Beefy to deploy a price feed for the $mooBIFI token on the Optimism blockchain, enhancing DeFi integrations.
- The $mooBIFI price feed is designed for the Optimism ecosystem, using data from trusted exchanges like Velodrome DEX.
- Silo Finance, a long-time DIA partner, integrates the $mooBIFI oracle, marking a new milestone in their collaboration.
- DIA’s custom oracle solutions continue to support secure and trustless data needs in the DeFi space.
DIA has announced a collaboration with Beefy, a leading multichain yield optimizer, to deploy a price feed for the $mooBIFI token on the Optimism blockchain. This partnership aims to unlock new opportunities for decentralized finance (DeFi) integrations.
Beefy is known for its multichain yield optimization platform, which helps users maximize returns on their assets. By integrating across various blockchains, Beefy provides innovative strategies and secure tools to simplify DeFi participation.
Expanding $mooBIFI’s Utility in DeFi
The $mooBIFI price feed has been specifically designed to cater to the unique needs of the Optimism ecosystem. It utilizes data sourced from trusted exchanges like Velodrome DEX on Optimism, ensuring accurate and transparent pricing for $mooBIFI. This integration facilitates its seamless incorporation into DeFi protocols.
One of the first adopters of this oracle is Silo Finance, a long-standing partner of DIA. Silo Finance has already integrated multiple DIA price feeds, and the addition of $mooBIFI marks another milestone in their collaboration. The market powered by DIA’s oracle is now live and accessible on Silo Finance’s platform.
DIA’s Custom Oracle Solution for $mooBIFI
DIA’s ability to deliver tailored oracle solutions has proven instrumental in meeting the specific requirements of its partners. The $mooBIFI price feed is part of DIA’s commitment to providing comprehensive, secure, and trustless data solutions for the DeFi space.
With the DIA-powered $mooBIFI oracle live, Beefy is set to enhance its presence within the Optimism DeFi ecosystem. The integration into Silo Finance is just the beginning, with additional use cases for $mooBIFI anticipated in lending, borrowing, and liquidity provisioning.
For more details, the announcement can be found here.
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