Stakenet (XSN) API and Price Oracle

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For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
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.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is Stakenet (XSN)?

Stakenet (XSN) is a blockchain project launched in 2017 that aims to create a decentralized platform for cross-chain interoperability. It enables users to easily transfer and exchange assets across different blockchains. The project's founder is Shahid Shoeb and it was developed by Stakenet LTD. The name "Stakenet" comes from the concept of staking, where users can lock up their tokens to support the network and earn rewards. XSN serves as the native cryptocurrency of the Stakenet platform.

How does Stakenet work?

Stakenet is a blockchain project that offers a unique way for users to earn passive income through a process called "staking." The underlying technology behind Stakenet is based on a Proof-of-Stake (PoS) consensus algorithm, which differs from the more commonly known Proof-of-Work (PoW) algorithm used by Bitcoin.

The Stakenet ecosystem utilizes its own native blockchain, which is built on top of the Bitcoin blockchain. This means that Stakenet leverages the security and robustness of the Bitcoin network while adding additional functionalities and features. The Stakenet blockchain utilizes masternodes and staking nodes to secure and validate transactions.

Masternodes are specialized nodes that require a significant amount of cryptocurrency to be locked as collateral. These nodes facilitate advanced features such as instant transactions and privacy features. Staking nodes, on the other hand, allow users to stake their Stakenet coins and earn a fixed percentage of rewards for securing the network.

The functioning of Stakenet revolves around users staking their coins, which involves locking them in a wallet for a specified period. By doing so, users contribute to the security and decentralization of the network. In return, they receive rewards in the form of additional Stakenet coins.

Additionally, Stakenet aims to implement cross-chain functionality, enabling the transfer of assets and data between different blockchains securely. This interoperability paves the way for a more connected and efficient blockchain ecosystem.

In summary, Stakenet is a blockchain project that utilizes a PoS consensus algorithm on its native blockchain, built on top of the Bitcoin network. Users can stake their coins to earn passive income and contribute to network security. The project also aims to enable cross-chain interoperability for seamless asset transfers.

What are the benefits of Stakenet?

Stakenet is a blockchain platform that offers several benefits compared to its direct competitors. These benefits make it an attractive choice for users looking to engage in various financial activities within the blockchain ecosystem.

One of the key advantages of Stakenet is its cross-chain interoperability. It enables users to seamlessly transfer assets between different blockchain networks, eliminating the need for multiple wallets or intermediaries. This feature sets Stakenet apart from its competitors, as it provides a user-friendly experience and fosters a more efficient decentralized ecosystem.

Additionally, Stakenet incorporates a dPoS (delegated proof-of-stake) consensus mechanism. This consensus model enhances scalability and security while maintaining decentralization. It allows users to actively participate in the network by staking their tokens and earning passive income.

Another benefit of Stakenet is its focus on privacy. The platform utilizes the Lightning Network, a second-layer protocol that enables fast and private microtransactions. This privacy-centric approach distinguishes Stakenet from its direct competitors, as it prioritizes the confidentiality and anonymity of its users.

Furthermore, Stakenet provides a comprehensive suite of financial services, including staking, masternodes, and decentralized exchanges. This integration of multiple functionalities in one platform offers users a convenient and holistic experience, eliminating the need to navigate through different applications or platforms.

In summary, Stakenet's cross-chain interoperability, dPoS consensus mechanism, privacy focus, and comprehensive financial services make it a compelling option compared to its direct competitors. These features contribute to Stakenet's goal of creating a robust and user-friendly blockchain ecosystem.

What is Stakenet used for?

Stakenet is a blockchain platform that offers multiple services to its users. It was designed to enable cross-chain functionality and provide a seamless experience for users across different blockchain networks.

One common use case of Stakenet is decentralized finance (DeFi). With Stakenet, users can access various DeFi services such as lending, borrowing, and yield farming. This allows users to maximize their returns by utilizing different protocols and earning rewards through liquidity provision.

Another use case of Stakenet is the creation and management of masternodes. Masternodes are specialized nodes that perform specific functions on a blockchain network and require a certain number of tokens to be locked as collateral. Stakenet simplifies the process of setting up and managing masternodes, allowing users to earn passive income by participating in network operations.

In addition to these common cases, Stakenet also offers a unique feature called Lightning Swaps. This technology allows for cross-chain atomic swaps, enabling users to exchange cryptocurrencies seamlessly between different blockchain networks without the need for intermediaries or centralized exchanges. This feature promotes interoperability and enhances the overall user experience by eliminating the dependency on centralized platforms.

Overall, Stakenet aims to facilitate seamless blockchain connectivity and empower users to leverage various blockchain networks and services. Its features such as DeFi integration, masternode management, and Lightning Swaps provide users with opportunities to participate in different aspects of the blockchain ecosystem and enhance their overall engagement in the space.

What is DIA's Stakenet API?

DIA's Stakenet API is an essential tool for developers and users in the blockchain ecosystem. DIA offers both free and customisable API endpoints that provide real-time price feeds of crypto assets, sourced from over 85 on-chain and off-chain exchanges. These price feeds are curated using data from billions of individual trades, ensuring accuracy and reliability.

While the free API endpoints are available for developers to test and offer a standardised format for informational purposes, the true value lies in the custom feeds. DIA acknowledges that different users may have specific requirements for their price feed configurations. Therefore, they offer the option to build dedicated API price feeds tailored to individual needs. This allows users to define the sources, methodologies, and update mechanisms according to their preferences.

The custom feeds provided by DIA offer enhanced flexibility and utility, making them more beneficial for users. By selecting a custom configuration, users have greater control over the quality and accuracy of the data they receive. To request a custom feed, users can reach out to DIA through their Discord or Telegram channels.

The use cases for DIA's API are vast and extend across different sectors of blockchain technology. In decentralized finance (DeFi), DIA's API is particularly valuable for facilitating applications such as derivatives, lending and borrowing markets, synthetic asset issuance, and more. In the NFTfi (non-fungible tokens + decentralized finance) space, the API can support peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative use cases.

In summary, DIA's Stakenet API provides real-time price feeds for crypto assets and is available through both free and customisable endpoints. While the free feeds are useful for testing and informational purposes, the ability to create custom feeds tailored to specific needs offers enhanced benefits and flexibility. With its extensive data sources and versatile use cases, DIA's API is a valuable resource for developers and users in the blockchain ecosystem.

What is DIA's Stakenet price oracle?

DIA's Stakenet price oracle is a smart contract that offers real-time price feeds for various crypto assets. DIA stands out by being integrated with over 35 layer 1 and layer 2 networks, allowing it to deploy price oracles across multiple blockchains. The price feeds provided by DIA are created using raw data from more than 85 on-chain and off-chain exchanges, covering billions of individual trades. This extensive data collection enables DIA to deliver a level of accuracy and reliability that sets it apart from other web3 data providers.

While DIA provides free demo oracles for developers to test, these demo oracles are solely for testing purposes and cannot be integrated into production applications. However, DIA offers custom configuration options for its price feed oracle. Users can request a dedicated price feed that can be tailored according to their specific needs, including sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's price oracles have a wide range of use cases within the blockchain ecosystem. This includes applications in decentralized finance (DeFi) such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets. Additionally, these price oracles can be leveraged in the emerging NFTfi space for activities like peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.

In the context of blockchain technology, it is important to note that a blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. Oracles play a crucial role in bridging the gap between on-chain and off-chain data, ensuring that smart contracts have access to reliable and up-to-date information.

Why use DIA's XSN API & price oracle?

DIA's XSN API and XSN Price Oracle offer a range of benefits for users in the blockchain ecosystem. One major advantage is the high level of customizability available. DIA's technology allows users to tailor each oracle and API endpoint to suit their specific needs. This includes configuring the data sources that make up the feed, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency. This customization ensures that the data and oracle remain robust and resilient to market conditions, providing accurate and reliable price data for cryptocurrencies and NFTs.

Transparency is another key benefit of using DIA's API and Oracle feeds. DIA provides full and granular transparency across the entire data journey, offering users insights into how the data is sourced, cleaned, and delivered. This transparency builds trust and confidence in the data, enhancing the overall reliability of the feeds.

In addition to customization and transparency, DIA also offers tracking and monitoring tools for its oracle and API feeds. These tools enable users to closely track and monitor the performance and accuracy of the price data, ensuring timely and informed decision-making.

Overall, DIA's XSN API and XSN Price Oracle provide accurate and reliable price data with a high level of customization, transparency, and tracking and monitoring capabilities. This makes them valuable tools for users in the blockchain ecosystem, empowering them to make informed decisions in the ever-evolving cryptocurrency market.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
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.