Partnership with Hadouken Finance
We are excited to announce that Hadouken Finance has officially integrated DIA’s transparent price oracles to support their lending protocol on the Nervos Network.
Introducing Hadouken Finance
Hadouken Finance is a decentralised finance platform that allows users to borrow, lend, swap, and bridge all in the same place, utilising the near-instant transaction times and near-zero fees that have been made possible by the Nervos Godwoken network.
After their successful testnet launch, Hadouken has launched their mainnet beta where users can swap between CKB, ETH, WBTC, BNB, USDC, and USDT, as well as lend and borrow against the same tokens.
Hadouken Finance Integrates DIA Oracles
We are thrilled to announce a new collaboration with Hadouken Finance to provide the DeFi protocol with transparent and customizable market data. Via this cooperation, DIA will provide Hadouken with accurate price feed oracles to support the launch of their newly introduced lending and borrowing pairs. The introduction of these new pairs will give Hadouken a new boost and an edge over the ever-evolving ecosystem on the Nervos Godwoken network.
DIA has deployed a dedicated smart contract oracle that provides on-chain price feeds to power Hadouken’s lending platform. The oracle will support feeds for asset pairs CKB/USD, WBTC/USD, ETH/USD, USDC/USD, USDT/USD and BNB/USD. To calculate the price of the assets, the oracle employs a Volume Weighted Average Price (VWAP) methodology, based on a 15-minute time interval.
How Does it Work?
To build price oracles, DIA employs a unique fully transparent, open-source approach. While most oracles depend on third-party centralised data providers, DIA simultaneously sources trade data directly from centralized and decentralised exchanges. This aggregated trade data is then computed and sanitised based on fully transparent methodologies, delivering the final price points.
In order to provide the most accurate and reliable on-chain price feeds for Hadouken, DIA has built a dedicated price oracle. The oracle was tailor-made with customised parameters such as an update mechanism, frequency, and computation methodologies. These requirements were transferred to DIA by submitting a DIA Custom Delivery Request (CDR) via the DIA DAO Forum and is publicly available to everyone.
Hadouken is thrilled to roll out our borrowing and lending platform with the confidence that users are benefiting from accurate price data from DIA’s custom oracle.TellerHadouken’s Product Manager