Hello Soroban: DIA Deploys Oracle Infrastructure on Stellar’s Smart Contract Platform

Soroban is the smart contracts platform on the Stellar network. Contracts are small programs written in the Rust programming language and compiled as WebAssembly (Wasm) for deployment. The Stellar blockchain is a decentralized network designed for efficient cross-border transactions, enabling quick, low-cost transfers of various currencies. 

Stellar Community Fund

The Stellar Community Fund (SCF) is an open-application awards program that draws on community input to support developers and startups building on Stellar and Soroban.

We are thrilled to announce that DIA has been recognized and awarded by the Stellar Community Fund. With this award, DIA brings robust cross-chain oracles to the Soroban network. Currently, DIA oracles are live on Soroban’s testnet environment.

By integrating real-world data into the Soroban chain, DIA oracles not only enhance functionality but also drive innovation across Soroban’s smart contract ecosystem.

These advancements pave the way for DIA to introduce two key oracle products: token price feeds and randomness oracles, which are crucial for expanding the range of applications in DeFi and GameFi on Soroban.

Token Market Price Oracles

On the one hand, DIA has made its DIA xMarket product available on Soroban, delivering market price feeds for tokens on-chain. With a unique architecture that aggregates raw trade data directly from first-party sources, namely centralized and decentralized exchanges, DIA offers 100% source transparency and bespoke customization.

This enables the provision of price oracles for over 2,500 cryptocurrency tokens, 18,000+ NFT collections, Liquid Staked Tokens, and more, with the ability to customize each feed for specific protocols and use cases.

Randomness Oracle

On the other hand, DIA has deployed DIA xRandom on Soroban, offering an on-chain oracle for a source of publicly-verifiable, unbiased, and unpredictable randomness. Following an initial multi-party computation to establish a distributed key, nodes operated by independent parties periodically broadcast information that gets aggregated into a final random beacon whose validity can be easily verified by users.

DIA is a proud member of Drand’s League of Entropy, a consortium of organizations that are working together to produce a truly random beacon.

Are you building an application on Soroban that is oracle-dependent? Get in touch with our team so we can get a suitable oracle for your needs promptly.