DIA Integrates Stacks, Bringing Oracles To Bitcoin DeFi Builders
Selected by leading builders in the Stacks ecosystem, DIA will be a strategic oracle provider for the leading Bitcoin L2, deploying price oracles that empower developers to build robust, oracle-dependent DeFi applications free of cost.
Introducing Stacks: The Leading Bitcoin L2
Stacks is the leading Bitcoin layer 2 solution for Bitcoin that brings smart contracts and DeFi applications to the Bitcoin network. By building on Bitcoin’s base layer, Stacks combines the best of both worlds: the security and finality of Bitcoin with the flexibility of smart contract functionality. Through its unique Proof of Transfer (PoX) consensus mechanism, Stacks ensures that transactions are settled directly on Bitcoin, giving developers the confidence to build secure and scalable dApps.
DIA Oracle Brings Oracles to Stacks
The integration of DIA’s oracles into the Stacks blockchain marks a key development for the Stacks ecosystem. With DIA oracles live, Stacks developers will have access to reliable, real-time price feeds for a wide range of Stack-native assets. These price oracles enable DeFi protocols such as lending platforms, and stablecoins to integrate these assets into their applications and offer further utility and use cases.
Bitcoiners demand security and transparency above most. With DIA’s support for the Stacks layer, the ability of builders to create Bitcoin DeFi applications that are aligned with those needs is greatly enhanced. DIA’s oracle solutions provide accurate, real-time data along with a stellar security record and a thoughtful economic model that ensures their solutions are accessible to teams of all sizes. We are thrilled to have them join the Stacks Ecosystem and look forward to the DeFi unlocks.Mitchell CuevasExecutive Director at the Stacks Foundation
DEX Integration: Bitflow on Stacks
To build price oracles for Stacks-native assets, DIA aggregates granular trade data using scrapers that extract this information from the decentralized exchanges’ smart contracts.
To further enhance the coverage of Stacks-native assets, DIA will integrate the Bitflow exchange into its data sources. This integration will enable DIA to generate price oracles for all assets traded on Bitflow, unlocking more utility within the Stacks ecosystem.
Benefits of the DIA-Stacks Integration
The integration of DIA’s price oracles into the Stacks ecosystem offers several key advantages:
- Free Access: Developers on Stacks can freely access DIA’s price oracles, empowering them to create a wide range of decentralized finance (DeFi) applications without the barrier of cost, encouraging innovation across the ecosystem.
- Transparency: The price feeds are powered by DIA’s proprietary system, which pulls transparent data from over 90 exchanges, ensuring the accuracy and openness of the information provided to dApps.
- Reliability: DIA’s proven oracles, already supporting more than 200 dApps and over 50 chains, ensure that decentralized applications on Stacks will operate with reliable and robust data, essential for their smooth functioning.
Use the Oracle
The oracle will soon be deployed and will be free of charge to developers to be use in productive environments.
Are you a developer looking for additional price feeds, data products, or different configuration settings on Stacks? Contact us via Telegram and DIA will spin up a new oracle for your dApp free of charge.
