Partnership with Lokr

Lokr is the first all-in-one, multi-chain token locking and escrow platform with built-in privacy functionality. Its products — Vault, Swapr, Bridgr and Mintr — help build trust within the DeFi space by removing the human element and focusing on governance through code, with a seamless, omnichannel digital experience platform.

We are thrilled to announce that Lokr has officially integrated DIA’s oracle feeds into its Vault v2 platform. This integration enhances Lokr’s event-based distribution, revolutionising how digital assets are managed and distributed. This collaboration opens up possibilities for incorporating additional event-based feeds in the future, such as volume thresholds, market index changes, or specific events within the blockchain ecosystem.

To support a variety of digital assets in its platform, Lokr requires accurate and reliable event data. Hence, the integration includes feeds for two event types:

Real-Time Price Feeds for Digital Assets

The event-based distribution feature is triggered by real-time price feeds of digital assets, enabling users to unlock their tokens for distribution once a token’s price reaches a defined threshold. DIA’s oracle feeds supply Lokr with timely, accurate, and reliable data.

Event-Based Feeds for Specific Blockchain Events

In the future, Lokr aims to incorporate additional event-based feeds, such as volume thresholds, market index changes, or specific events within the blockchain ecosystem. This will give users even more triggers to choose from, further enhancing their asset management strategies.

The new feature will be safeguarded by DIA’s transparent oracle feeds. The feeds are built with data from over 80 sources, providing a highly customizable oracle that best matches Lokr’s needs while offering full transparency on the data journey. The oracle’s exact specifications can be found in the DIA Forum:

CDR #045: Lokr | Token Price Feed

Lokr is dedicated to continuously expanding its event-based distribution capabilities, offering users a robust toolkit to optimize their asset distribution strategies. This collaboration with DIA ensures the accuracy and reliability of information used in distribution decisions, promising to improve user experience and advanced asset management capabilities.