Partnership with DFX Finance
We are delighted to announce that DFX Finance, the decentralized foreign exchange protocol for trading fiat-backed stablecoins, has officially integrated DIA oracles on Polygon.
Introducing DFX Finance
DFX Finance stands at the forefront of decentralized finance, offering a unique decentralized foreign exchange (FX) protocol. Unlike traditional platforms that predominantly focus on USD-pegged stablecoins, DFX Finance broadens the horizon by facilitating the trading of fiat-backed foreign stablecoins such as CADC, EUROC, and XSGD. This innovative approach not only provides a platform for earning yield but also paves the way for businesses to achieve genuine financial localization for their global clientele. In an era where the global financial landscape is rapidly evolving, DFX Finance recognizes that the future cannot be solely anchored to USD-pegged assets.
DFX Finance Integrates DIA Oracles on Polygon
In a strategic move to further enhance its offerings, DFX Finance has integrated DIA’s state-of-the-art price oracle for the launch of a NGN/USD pool on the Polygon network. This integration is powered by DIA’s custom price oracle, which delivers a real-time price feed of the Nigerian Naira (NGN). By leveraging DIA’s expertise in sourcing and delivering customizable data feeds, DFX Finance ensures accurate and timely price information for its users.
DIA Oracles provide a one-of-a-kind price feed for a market with unique FX needs, offering pricing that cannot be found anywhere else.Kevin ZhangDFX Finance Co-Founder
Price Oracles for Trading Stablecoins On-Chain
Price oracles play a pivotal role in the decentralized finance ecosystem, especially when it comes to trading stablecoins on-chain. They serve as reliable sources of external data, ensuring that on-chain contracts have access to accurate and up-to-date price information. For platforms like DFX Finance, which deal with fiat-backed foreign stablecoins, the precision and timeliness of price feeds are paramount. Integrating with a trusted oracle like DIA ensures that users can confidently trade, knowing that they are receiving fair and transparent prices.
To learn more about the methodology and configuration settings behind the oracle, visit the CDR #054: DFX Finance | Token Price Feed.
How do DIA Oracles Work?
DIA stands out in the blockchain oracle space with its cross-chain data and oracle platform. Specializing in both on-chain and off-chain data feeds, DIA’s architecture emphasizes transparency, customizability, and scalability. By directly collecting raw trading data from over 80 sources, including both Centralized and Decentralized Exchanges, DIA offers unparalleled transparency and control throughout the entire data value stack.