Partnership with Gains Network to Launch Price Oracle for gUSDC
DIA partners with Gains Network to launch a gUSDC price feed oracle on Arbitrum, enhancing DeFi integration and empowering Silo Finance’s lending protocol.
Introducing Gains Network
Gains Network is developing gTrade, a decentralized perpetual futures trading platform with a robust infrastructure featuring 192 trading pairs with high leverage, deep liquidity, guaranteed order execution, and accurate pricing.
In response to traders’ demands, the protocol introduced a gUSDC Vault in January 2024, acting as a counterparty to traders who prefer USDC as their collateral type.
DIA Partners with Gains Network
We are delighted to announce a strategic partnership between DIA and Gains Network to deploy a cutting-edge price feed oracle for the asset gUSDC on the Arbitrum network. This collaboration marks a significant milestone in enhancing the integration of gUSDC into various decentralized finance (DeFi) applications, particularly in lending markets.
Gains Network recognizes the increasing adoption of USDC as collateral for trades on gTrade. By utilizing DIA's price feed for gUSDC, various DeFi opportunities are unlocked on top of the gUSDC vault. This is a significant step in the growth of the Gains Network ecosystem.Rex & JosephGains Network - BD
As part of this collaboration, DIA has deployed its state-of-the-art price feed oracle for gUSDC on the Arbitrum network. This integration will provide accurate and reliable price data for gUSDC, enabling its seamless integration into various DeFi applications that rely on precise and timely price feeds.
Benefits and Features of DIA Oracles
The primary benefit of this integration is the enhanced capability of DeFi applications to incorporate gUSDC into their operations. The price oracle ensures that all transactions and smart contract operations involving gUSDC are based on accurate market data, thereby reducing risks and improving the reliability of these applications.
One of the first lending protocols to integrate the gUSDC price oracle is Silo Finance. This integration will allow Silo Finance to offer more robust and secure lending options, further enhancing its service offerings and user experience.
