Partnership with Contango to Power Options Protocol on Arbitrum

DIA is excited to announce its latest partnership with Contango, a protocol allowing users to loop anything on-chain. Through this partnership, DIA has successfully deployed a robust price feed for the Contango token (TANGO) on the Arbitrum blockchain. The oracle has been successfully integrated into the Contango protocol, which is critical to enable the conversion of its options token oTANGO to TANGO. 

Contango lets you loop anything on-chain. You can create leverage (re)staking positions, arb rates differentials, farm points, or simply go long or short like a perp at low funding. 

oTANGO, the Option Token

oTANGO, the option token for TANGO, enables users to redeem the underlying token (TANGO) at a discount. Since the oTANGO discount depends on the TANGO price, an oracle feed is needed. The oracle is used to get the TANGO/USD price. This price is used to know the discount to exercise oTANGO.

DIA’s infrastructure stands out for its ability to deliver custom oracle solutions for any token on any chain, tailored to the unique needs of its partners. This is possible with DIA’s unique data sourcing architecture, which collects raw data directly from any source, including 100+ CEXs and DEXs.

The TANGO price feed is no exception, providing:

• First-party data sourcing: Aggregating price data directly from multiple trusted exchanges trading TANGO including Uniswap or Balancer.
• Fully transparent data: Providing end-to-end transparency (data source, data filtering, and computation) and security metrics (liquidity, volume) to monitor the robustness level of the feed.
• Push oracle functionality: Addressing Contango’s requirement for real-time price updates to support DeFi integrations.

This collaboration further reinforces DIA’s mission of enabling transparent, trustless, and reliable data feeds across blockchain ecosystems.