Shadows Network (DOWS) API and Price Oracle

Shadows Network

DOWS
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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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0x661A...c559
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 Shadows Network (DOWS)?

Shadows Network (DOWS) is a decentralized finance (DeFi) project aiming to create a private, scalable, and self-governing synthetic asset platform. It was founded in 2021 by an anonymous team under the name Shadows Foundation. The project utilizes a dual-token model to provide stability and volatility to its synthetic assets. The name "Shadows" is derived from the concept of users shadowing real-world assets.

How does Shadows Network work?

Shadows Network operates on the Ethereum blockchain, utilizing its robust smart contract functionality to create a decentralized, permissionless platform for trading synthetic assets. The underlying technology behind Shadows Network is the concept of decentralized finance (DeFi) and the use of blockchain oracles.

Shadows Network leverages blockchain oracles to fetch real-world asset prices and mirror them as synthetic assets on the Ethereum blockchain. By doing so, users can trade these synthetic assets without having to physically possess the underlying assets. These synthetic assets are fully collateralized with a decentralized stablecoin called "Shadow Stablecoin" (SHS).

To ensure the accuracy and reliability of price feeds, Shadows Network uses a network of trusted oracles that fetch data from various sources, such as reputable exchanges and data providers. These oracles then validate and aggregate this data before it is utilized within the Shadows Network ecosystem.

Users can create and trade synthetic assets on Shadows Network by locking their SHS as collateral. This collateralization mechanism ensures the stability and security of the platform. Connectors, also known as liquidity providers, play a crucial role in maintaining the proper value of synthetic assets.

Shadows Network is designed to provide users with seamless access to a wide range of financial markets, allowing them to trade without intermediaries and with greater efficiency. The decentralized nature of Shadows Network ensures transparency, security, and censorship resistance in the trading process.

In summary, Shadows Network utilizes the Ethereum blockchain and blockchain oracles to enable the creation and trading of synthetic assets. By collateralizing with the Shadow Stablecoin, users can access a variety of financial markets in a decentralized and efficient manner.

What are the benefits of Shadows Network?

Shadows Network offers several benefits compared to its direct competitors in the blockchain space. These benefits contribute to its popularity among users and its ability to attract developers and projects.

One major benefit of Shadows Network is its scalability. The network utilizes a Layer 2 solution that allows for fast and inexpensive transactions, making it ideal for high-frequency trading and other applications that require quick and efficient processing.

Another advantage of Shadows Network is its robust privacy features. The network implements advanced cryptographic protocols to ensure the privacy and anonymity of transactions and user data. This sets it apart from its competitors, who may not prioritize privacy to the same extent.

Shadows Network also provides enhanced interoperability with other blockchain networks. This allows for seamless integration and interaction with different platforms, enabling developers to leverage the strengths of multiple networks and create innovative decentralized applications (dApps).

Furthermore, Shadows Network has a strong focus on developer experience. The platform provides comprehensive development tools, documentation, and support, making it easier for developers to build and deploy applications on the network. This is particularly appealing to developers who value simplicity and efficiency in their workflow.

Overall, Shadows Network stands out from its competitors with its scalability, privacy features, interoperability, and developer-friendly approach. These advantages make it an appealing choice for individuals and companies looking to leverage blockchain technology for various use cases.

What is Shadows Network used for?

Shadows Network is a decentralized finance (DeFi) protocol built on the Ethereum blockchain. It aims to provide users with a range of synthetic assets, also known as mirrored assets, that replicate the price movements of real-world assets.

The primary function of Shadows Network is to enable users to gain exposure to traditional financial assets, such as stocks, commodities, and fiat currencies, without actually owning the underlying assets. Users can create or mint synthetic assets by depositing collateral in the form of Ethereum (ETH). These synthetic assets can then be traded, lent, or borrowed on the Shadows Network platform.

One common use case for Shadows Network is synthetic asset trading. Traders can take advantage of price movements in real-world assets without the need for traditional brokers or intermediaries. By trading synthetic assets on the Shadows Network platform, users can gain exposure to different asset classes and enjoy the benefits of 24/7 trading and lower transaction costs.

Another specific use case of Shadows Network is hedging. Traders and investors can use synthetic assets to hedge their positions against potential losses in the traditional financial markets. For example, let's say an investor holds a significant amount of stocks and wants to protect against a potential downturn. They can create a synthetic asset that mirrors the price movements of their stock portfolio on Shadows Network. If the stock market experiences a decline, the increase in value of the synthetic asset can offset the losses in the investor's portfolio.

In summary, Shadows Network offers users the ability to trade, lend, or borrow synthetic assets that replicate the price movements of real-world assets. This allows users to gain exposure to traditional financial markets and potentially hedge against market risks.

What is DIA's Shadows Network API?

DIA's Shadows Network API is a powerful tool that provides real-time price feeds of crypto assets. These feeds are constructed using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, giving DIA the ability to offer unique insights that other web3 data providers cannot match.

While DIA does offer free API endpoints for developers to test, the real value lies in their fully customizable, custom feeds. These feeds can be tailored to meet specific requirements, such as selecting sources, methodologies, update mechanisms, and more. To request a custom feed, developers can reach out to DIA via Discord or Telegram.

The use cases for DIA's API are extensive and span across the blockchain ecosystem. In the realm of DeFi, the price information provided by DIA's APIs can be utilized in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. For NFTfi applications, DIA's API enables peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.

API, or Application Programming Interface, is a set of rules and protocols that allow different software applications to communicate and share data with each other. In the context of DIA, the API enables developers to access real-time price feeds of crypto assets for use in various applications and projects within the blockchain ecosystem.

In summary, while DIA does offer free API endpoints for testing purposes, the true power lies in their custom feeds, which can be tailored to specific needs. The use cases for DIA's API are extensive, ranging from DeFi applications like derivatives and lending, to NFTfi applications such as NFT borrowing and fractionalization. With DIA's Shadows Network API, developers have access to valuable insights that can enhance their blockchain projects.

What is DIA's Shadows Network price oracle?

DIA's Shadows Network price oracle is a smart contract that provides real-time price feeds of crypto assets across various blockchain networks. DIA is integrated with over 35 layer 1 and layer 2 networks, allowing the deployment of price oracles on multiple blockchains. DIA's price feeds are powered by aggregating raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, ensuring comprehensive coverage.

While DIA offers demo oracles for developers to test, these are strictly for testing purposes and cannot be integrated into production applications. However, DIA also offers custom configuration options for users who require specific feeds. These custom price oracle data feeds can be tailored according to sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA through Discord or Telegram.

DIA's price oracles have wide-ranging use cases in the blockchain ecosystem. They can be utilized in various DeFi applications, including derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets, among others. Additionally, in the NFTfi space, DIA's price oracles can support applications such as peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, and NFT fractionalization.

A blockchain oracle, in general, refers to an external information provider that supplies verified data from outside the blockchain to smart contracts. This allows smart contracts to interact with real-world data, enhancing their functionality and enabling the creation of decentralized applications with real-time data integration. In summary, DIA's Shadows Network price oracle offers comprehensive and customizable price feeds for various blockchain networks, enabling users to enhance their DeFi and NFTfi applications with real-time and accurate data. Contact DIA for custom feed requests.

Why use DIA's DOWS API & price oracle?

DIA's DOWS API and DOWS Price Oracle offer a range of benefits for users in the blockchain ecosystem. With these tools, users can access accurate and reliable price data for cryptocurrencies and NFTs. The main advantage of using DIA's API or Price Oracle is the high level of customisation available. Each oracle and API endpoint can be tailored to suit the specific needs of decentralised applications.

Customisation options include configuring the data sources that make up the feed, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency. This level of customisation 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. This tailored approach enables users to meet their unique requirements.

Transparency is another key benefit of using DIA's API and Oracle feeds. DIA provides full and granular transparency across the entire data journey. Users can track and monitor the oracle and API feeds with various tracking tools provided by DIA.

In conclusion, DIA's DOWS API and DOWS Price Oracle offer the benefits of customisation, robustness, resilience, and transparency for users in the blockchain ecosystem. By leveraging DIA's technology, users can access accurate and reliable price data tailored to their specific needs and track the data journey with transparency.

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.