Partnership with Gains Network to Launch Price Oracle for gUSDC

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.

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.

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.

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.