Orion Protocol (ORN) API and Price Oracle

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Orion Protocol

ORN
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Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0x0258...434a
Network
Blockchain network where the asset is deployed
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Ethereum
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Orion Protocol (ORN)?

Orion Protocol (ORN) is a decentralized finance (DeFi) platform that aims to bridge liquidity across multiple blockchains. It provides users with access to various liquidity sources, including centralized exchanges, decentralized exchanges, and swap pools. Orion Protocol was founded in 2020 by Alexey Koloskov and is developed by Orion Labs. The name "Orion" refers to the constellation Orion, symbolizing strength and protection. With its cross-chain functionality, Orion Protocol aims to solve the issue of fragmented liquidity in the cryptocurrency space.

How does Orion Protocol work?

The Orion Protocol is a decentralized finance (DeFi) platform that aims to provide liquidity across different blockchains. It operates on the Ethereum blockchain and is built on top of the Polkadot network.

At its core, Orion Protocol utilizes the concept of a liquidity aggregator. It integrates with various centralized and decentralized exchanges, as well as other liquidity sources, to aggregate liquidity into a single platform. This allows users to access multiple exchanges and trading pairs without needing multiple accounts or wallets.

To achieve this, Orion Protocol employs a unique technology called Orion Liquidity Boost Plugin (LBP). This plugin optimizes the liquidity aggregation process by utilizing algorithmic trading strategies and liquidity pools. It ensures that users get the best possible prices for their trades by accessing multiple sources of liquidity simultaneously.

The LBPs are designed to be interoperable across different blockchains. This means that users can access liquidity not only from Ethereum but also from other supported blockchains like Binance Smart Chain, Polkadot, and more. This cross-chain functionality expands the reach of the platform and allows users to access and trade assets on different blockchains seamlessly.

In summary, the Orion Protocol operates as a liquidity aggregator on the Ethereum blockchain, leveraging the Polkadot ecosystem to provide users with access to multiple exchanges and trading pairs. Its unique technology, the Liquidity Boost Plugin, enables efficient liquidity aggregation and cross-chain interoperability, resulting in a seamless and improved trading experience for users.

What are the benefits of Orion Protocol?

The Orion Protocol offers a range of benefits compared to its direct competitors. One of the key advantages is its ability to aggregate liquidity from multiple exchanges. By connecting to numerous cryptocurrency exchanges, Orion Protocol aims to provide users with access to deep liquidity pools, ensuring optimal execution of their trades. This sets it apart from other decentralized exchanges that may have limited liquidity.

Another benefit of the Orion Protocol is its integration of a wide variety of digital assets. It supports the trading, lending, and borrowing of not only cryptocurrencies but also NFTs, ETFs, and other tokenized assets. This diversification of assets allows users to access a broader range of investment opportunities in a single platform.

Additionally, the Orion Protocol is designed to be highly transparent and secure. It utilizes advanced security measures to protect users' funds and personal information. Moreover, its trading system is non-custodial, meaning that users have full control over their assets even during the trading process. This differs from centralized exchanges that require users to transfer their funds to the exchange's custody.

Lastly, the Orion Protocol aims to provide a seamless user experience with its intuitive interface and easy-to-use features. It offers a unified wallet and trading terminal, allowing users to manage their assets and execute trades conveniently in one place. This simplicity and user-friendliness make it appealing to both novice and experienced traders.

It's important to note that the benefits mentioned here are in comparison to direct competitors and may vary based on individual needs and preferences.

What is Orion Protocol used for?

The Orion Protocol is a blockchain oracle solution that provides secure and reliable access to external data for smart contracts on various blockchain networks. It serves as an intermediary between the blockchain and real-world data sources, ensuring that smart contracts have access to accurate and trustworthy information.

Orion Protocol is primarily used to bring off-chain data onto the blockchain, enabling smart contracts to interact with real-world events and conditions. This can include data such as price feeds, weather conditions, stock market data, sports scores, and more. By connecting smart contracts with external data sources, Orion Protocol enhances the functionality and utility of blockchain applications.

One specific use case for Orion Protocol is in decentralized finance (DeFi) applications. DeFi platforms rely on accurate and up-to-date price data to execute various financial functions, such as lending, borrowing, and trading. By integrating Orion Protocol's price oracle, DeFi platforms can access reliable and tamper-proof price feeds for cryptocurrencies, allowing for secure and transparent financial operations.

For example, in a decentralized lending platform, Orion Protocol's oracle can provide real-time price data for determining the value of collateral and calculating loan-to-value ratios. This ensures that borrowers and lenders are working with accurate information, reducing the risk of fraudulent or manipulative activities.

In summary, the Orion Protocol is used to bridge the gap between the blockchain and real-world data sources, with a particular focus on enabling secure and reliable access to external data for smart contracts. In the case of decentralized finance, it plays a crucial role in providing accurate price feeds for various financial operations.

What is DIA's Orion Protocol API?

DIA's Orion Protocol API is a powerful tool that provides real-time price feeds for various crypto assets. These feeds are created by aggregating data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, allowing DIA to deliver information that other web3 data providers cannot.
The API endpoints offered by DIA can be accessed for free, enabling developers to test and experiment with the data. These free endpoints are provided in a standardized format, making it easy for developers to integrate them into their projects. However, DIA also offers custom feeds that can be tailored to meet specific requirements. These custom feeds can be configured based on sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.
The use cases for DIA's API are vast and extend across the blockchain ecosystem. For decentralized finance (DeFi), the price information from DIA's API can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the realm of NFT finance (NFTfi), applications include peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.
In summary, DIA's Orion Protocol API offers both free and custom price feeds that enable developers to access real-time price data for cryptocurrencies and NFTs. The custom feeds provide additional flexibility and can be tailored to meet specific requirements. To learn more about DIA's API offerings, developers can visit the DIA App's asset detail page or contact DIA via Discord or Telegram.

What is DIA's Orion Protocol price oracle?

DIA's Orion Protocol price oracle is a smart contract that provides real-time price feeds for crypto assets. DIA stands out by offering custom price feeds that can be tailored to meet specific user requirements. These custom feeds can be configured in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA through Discord or Telegram.

In addition to custom oracles, DIA also provides free demo oracles for developers to test. These can be found in DIA's documentation and are suitable for testing purposes only, not for integration into production applications. The demo oracles come in a standardized format, but the custom feeds offer more flexibility.

DIA's price oracles are integrated with over 35 layer 1 and layer 2 networks, making them adaptable to multiple blockchains. They source raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, providing accurate and reliable information.

The applications for DIA's price oracles are diverse and can be utilized in various ways within the blockchain ecosystem. They can be used for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

Overall, DIA's custom oracles offer users the ability to tailor price feeds to their specific needs, providing a valuable service within the blockchain industry.

Why use DIA's ORN API & price oracle?

The ORN API and ORN Price Oracle provided by DIA offer a range of benefits for users in the blockchain ecosystem. DIA's technology enables users to access accurate and reliable price data for cryptocurrencies and NFTs. The main advantage of using DIA's API or Price Oracle for a specific token is the high level of customization available.

With DIA's technology, each oracle and API endpoint can be tailored to suit the specific needs of decentralized applications. Users can configure settings such as the data sources that make up the feed, the data cleaning filters, pricing methodologies, and the frequency of updates. This ensures that the data and oracle remain robust and resilient to market conditions, providing a global market as well as specific individual or cross-chain market prices.

Furthermore, using DIA's API and Oracle feeds offers a high level of transparency. DIA's technology provides full and granular transparency throughout the data journey. Users can closely track and monitor the oracle and API feeds, ensuring transparency and accountability.

In summary, the benefits of using DIA's ORN API and ORN Price Oracle include accurate and reliable price data, customization options to suit specific needs, resilience to market conditions, and transparent data journeys. These features make DIA's technology a valuable tool for users in the blockchain ecosystem.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.