Hello BOB (Build on Bitcoin): DIA Oracles Live on BTC L2 Mainnet
We are excited to announce that DIA has been appointed as the go-to oracle provider for BOB, a dynamic hybrid Bitcoin Layer 2 solution that merges the capabilities of Bitcoin and Ethereum.
What is BOB (Build on Bitcoin)
BOB is Bitcoin Layer-2 rollup network. It integrates Bitcoin’s robust security with Ethereum’s versatility by supporting full Ethereum Virtual Machine compatibility and native Bitcoin operations. This innovative approach allows for a seamless creation and execution of complex smart contracts on the Bitcoin blockchain, promoting a rich development ecosystem.
BOB already boast a thriving ecosystem with 40+ participants including applications, tooling, wallets and more. In the recent weeks, BOB has reached a TVL (Total Value Locked) of over 300M+ USD.
BOB Designates DIA as Go-To Ecosystem Oracle
We are excited to announce that DIA has been appointed as the go-to oracle provider for BOB. This collaboration will enable developers building on BOB to access high-quality, transparent token price feeds provided by DIA. The partnership will enhance the functionality of DeFi applications on BOB and power the creation the new ones.
The oracle, openly available for builders on BOB Mainnet, provides price information of tokens including WBTC, tBTC (v2), USDT, USDC, eWTH, ETH, SOV and more.
The oracle is set with a high-refresh rate, updating on-chain values whenever asset’s prices deviation by a value greater than 0.5%. This makes the oracle suitable for powering a variety of on-chain applications such as:
- lending and borrowing
- Derviatives, option, futures markets
- CDP Stablecoins
- Prediction markets
- Yield protocols
- And many more
Test the Oracle
Developers can interact with the DIA oracles via the following smart contract:
To learn how to access the oracle, visit the DIA developer documentation here.
