Positive factors Community, artificial derivatives platform, and DIA have lately collaborated to introduce just a few DeFi options to enhance Silo Finance’s lending protocol. This new collaboration will introduce a brand new worth feed oracle for gUSDC on the Arbitrum Community.
🎉 DIA x Positive factors Community
DIA has partnered with @GainsNetwork_io to deploy a worth feed oracle for $gUSDC on the #Arbitrum community. https://t.co/bQ8boDrsEB
— DIA Neighborhood Hub (@DIACommunityHub) August 23, 2024
DIA is a cross-chain, end-to-end, open-source knowledge and Oracle platform for Web3. Web3 functions depend on trustable and scalable knowledge feeds to construct dependable merchandise and keep away from exploitation and manipulation. The DIA platform allows the sourcing, validation, and sharing of clear and verified knowledge feeds for conventional and digital monetary functions.
It collects billions of uncooked buying and selling knowledge ticks immediately from 80+ sources, together with Centralized Exchanges (CEXs) and decentralized Exchanges (DEXs). The info allows full transparency and customization management all through your complete worth stack to gas any web3 or web2 use case.
Extra About this Partnership Between DIA & Positive factors
Positive factors Community is an revolutionary artificial derivatives platform working on the Polygon and Arbitrum blockchains. Its core providing is gTrade, an Oracle-based perpetual futures alternate. It permits customers to commerce varied asset courses, together with cryptocurrencies, shares, foreign exchange, indices, and commodities. The buying and selling leverage ranges from 2x to 1,000x, relying on the asset class.
With the brand new worth feed oracle from DIA, the Arbitrum Community might be extra environment friendly and fewer vulnerable to manipulating worth feed for gUSDC. Silo Finance’s lending protocol might be extra superior and can present extra safety and higher providers to the customers whereas borrowing or lending belongings.
Lastly, artificial derivatives and new options of DeFi have been added, which signifies that customers have extra potentialities for buying and selling, lending, and incomes throughout the DeFi setting. Incorporating a reliable worth oracle enhances the safety of the lending protocol to safeguard the customers’ funds from doable loss.
