DIA Oracles Enables $KING Token Integration DeFi

DIA is proud to announce a new partnership with King Protocol, a unified restaking rewards platform. Through this collaboration, DIA provides a reliable price feed for King Protocol’s native token, $KING, facilitating its integration into lending protocols across Swell, Arbitrum, and Base networks.

King Protocol, formerly known as LRT², streamlines the distribution of restaking rewards by pooling them into a single vault and issuing vault share tokens to stakers. This approach reduces transaction costs and simplifies reward management, particularly benefiting users with smaller stakes. By creating an active market for vault share tokens, King Protocol contributes to token price stability and increased liquidity.

To support the integration of $KING into DeFi applications, DIA has deployed a custom price feed using its xMarket oracle solution. The oracle has been deployed across 3 mainnet networks: Base, Arbitrum and Swell. This feed is designed to be compatible with Chainlink’s AggregatorV3 interface, ensuring seamless integration with existing DeFi infrastructures.

By creating a robust price feed oracle for $KING, DIA is significantly expanding the token’s utility by enabling the safe integration of the token into DeFi protocols, including lending and borrowing, perpetual trading, collateralized debt positions, vaults, and many more.

• Comprehensive Asset Coverage: DIA’s unique architecture enables the creation of robust price feeds for any asset. DIA currently supports price feeds for 3,000+ tokens, including emerging assets like $KING.

• Transparent Data Sourcing: Aggregates trade-level data from 100+ CEXs and DEXs with full transparency. This allows for secure, real-time monitoring of the feed’s robustness level.
  
• Seamless, Customizable Delivery: Supports both push and pull-based data delivery mechanisms. Deployable on 60+ chains and compatible with Chainlink’s AggregatorV3 interface, simplifying adoption for DeFi protocols.