DIA Partners with Chedda to Deliver Price Oracles for Lending on Base
This collaboration leverages DIA’s cross-chain data oracles to power Chedda Finance with secure, transparent, and accurate price feeds, setting the foundation for a scalable multi-chain lending ecosystem.
Unlocking Cross-Chain Lending with DIA’s Oracles
Chedda Finance aims to redefine the DeFi lending space by supporting a diverse range of assets across multiple blockchains. Money markets on Chedda Finance consist of isolated lending pools, in which assets are siloed based on their risk profile. This enables us to support a wider array of tokens as collateral.
DIA’s cross-chain oracle technology delivers price feeds for a wide array of asset types, including tokens, liquid staking tokens (LSTs), and real-world assets (RWAs). By integrating DIA’s oracle infrastructure, Chedda Finance ensures that its users can access real-time and reliable price data for lending and borrowing, regardless of the blockchain network.
This partnership highlights DIA’s mission to provide transparent and customizable data solutions for decentralized applications. Learn more about how DIA works here.
Our vision at Chedda Finance to support any asset from any chain on the Base network could only be met by DIA’s robust cross-chain oracle solutions.With this integration, we’re confident we have the right data partner to meet the lending and borrowing needs of our users.John WarmannFounder of Chedda Finance
As the first milestone of this collaboration, DIA has deployed an oracle on the Base Sepolia testnet, with price feeds for 10+ assets including cbETH, USDC, UNI, COMP, and more. These price feeds are already live in Chedda Finance’s testnet environment, enabling rigorous testing and optimization.
The integration lays the groundwork for Chedda Finance’s upcoming mainnet launch, providing the technical infrastructure to support accurate cross-chain price discovery and seamless lending operations.
Enhancing DeFi with DIA’s Oracles for Any Asset
DIA’s oracles stand out for their ability to deliver fully transparent and customizable data feeds, offering Chedda Finance unparalleled flexibility. Unlike traditional oracles, DIA sources raw data directly from the asset’s original source and aggregates it transparently. This ensures data accuracy, security monitoring, and the ability to build robust price feeds for any asset listed on exchanges.
