DIA Partners with Nile Exchange
We are thrilled to announce a new collaboration with Nile Exchange. This partnership enables us to incorporate the DEX as a data source, allowing us to create comprehensive price feeds for the $NILE token and all other tokens traded on the exchange.
About Nile Exchange
Nile Exchange advances concentrated liquidity by focusing on high-frequency liquidity providers and Layer 2 cost structures. This approach results in an incredibly efficient liquidity layer that aims to attract top-tier liquidity providers while maintaining a user-friendly interface for traders. As a counterpart to RAMSES on Arbitrum, Nile Exchange leverages the proprietary Concentrated Liquidity ve(3,3) model, setting a new standard for liquidity efficiency in the Linea ecosystem.
DIA Adds Nile as a Data Source
With this partnership, DIA integrates Nile’s decentralized exchange as a primary data source. This integration facilitates the development of reliable price feeds for all tokens traded on these platforms, including the native $NILE token. By gathering trade data directly from these platforms’ smart contracts, we ensure that our price oracles are transparent and accurate, thereby increasing the reliability of the DeFi applications powered by DIA Oracles.
“As a native token for a leading protocol on Linea, a robust price feed for $NILE is in high demand. The DIA integration unlocks lending and borrowing of the token on Linea, enhancing functionality and lifting the overall ecosystem.”NorthCo-Founder of Nile
Benefits and Features
This collaboration offers significant advantages to both the Nile and DIA ecosystems:
- Expanded Token Coverage: The partnership broadens DIA’s price oracle coverage to include all tokens available on the Nile exchange, enhancing our data offerings.
- Increased Utility for $NILE Token: With $NILE included in DIA’s price feed, developers can now leverage this data to enable a range of on-chain applications, including lending and borrowing, perpetual DEXs, options and futures markets, and CDP stablecoin platforms.
Enhanced Oracle Resilience: Incorporating these exchanges into the DIA platform strengthens the security and robustness of our oracles.
Conclusion
We are eager to explore the possibilities this partnership with Nile Exchange opens up. By merging DIA’s data aggregation expertise with Nile’s cutting-edge AMM platform, we aim to provide developers with powerful oracle services.
For more information about Nile Exchange, please refer to the Nile Documentation.
