Partnership with Lumin Finance
We are delighted to announce a new partnership with Lumin Finance, integrating DIA’s oracle services into Lumin’s innovative lending and borrowing protocol on the Arbitrum network.
Introduction of Lumin Finance
Lumin is a decentralized peer-to-peer fixed-rate lending and borrowing protocol. Launched on Arbitrum and powered by the $LUMIN token, for revenue sharing and DAO governance.
Unlike most DeFi lending protocols, the lender, borrower and staker in the protocol are rewarded for their participation, in a way that can eventually be administered by a DAO. From here any adjustments required for the protocol will be by request from the DAO.
More information about Lumin Finance can be found here.
Lumin Finance Integrates DIA Oracles on Arbitrum
In this collaboration, DIA has deployed a custom price oracle on the Arbitrum network to support Lumin Finance’s operations. This oracle integration is designed to deliver real-time and reliable price feeds for Arbitrum-native assets, including MUX, GRAIL, and VRTX.
DIA solution provided us the flexibility we need to add more relevant Arbitrum assets to our platform, enhancing our offering. The whole setup was easy and the support of the DIA team was amazing. With the introduction of our V2 in the near future, we are looking forward to deepening our integration.James KContributor of Lumin Finance
The oracle’s deployment ensures that Lumin Finance can maintain accurate and up-to-date asset valuations, critical for its lending and borrowing protocols.
Benefits and Features of DIA Oracles
The integration of DIA’s oracle services brings several key benefits to Lumin Finance:
- Expanded Asset Coverage: The partnership enables Lumin Finance to offer lending and borrowing services for a broader range of assets, including MUX, GRAIL, and VRTX, enhancing the platform’s appeal to a diverse user base.
- Accurate Price Feeds: The DIA oracle aggregates data from multiple sources to provide precise price information, ensuring that Lumin Finance’s users can rely on accurate asset valuations.
- Enhanced Flexibility: By using DIA’s established and robust oracle infrastructure, Lumin Finance taps into custom oracles that allow cross-chain and multi-chain price feeds, as well fully customizable data source selection.
Learn more about DIA’s DeFi oracle support for the Arbitrum ecosystem.
