Partnership with Mean Finance
We are excited to announce the integration of a custom DIA oracle into the Mean Finance protocol on Arbitrum. The integration will provide real-time price feed for GRAI on their DCA product.
What is Mean Finance?
Mean Finance is the state-of-the-art DCA open protocol that enables users (or dapps) to Dollar Cost Average (DCA) any ERC20 into any ERC20 with their preferred period frequency, without sacrificing decentralization or giving up personal information to any centralized parties.
Mean Finance Integrates DIA Oracle on Arbitrum
Through this partnership, DIA has deployed a custom price oracle on the Arbitrum Network, specifically tailored to enhance the functionality of Mean Finance’s DCA protocol. This integration is a testament to our commitment to providing accurate, real-time price feeds, crucial for the diverse array of assets supported by Mean Finance.
We are thrilled to announce our integration with DIA, a pivotal step in expanding Mean Finance's offerings. Leveraging DIA's robust and broad decentralized price sources, we are enabled to list a more extensive range of long-tail assets, significantly enhancing our users' investment options. This collaboration aligns perfectly with our commitment to providing secure, diversified, and innovative decentralized investment solutions. We believe that DIA's reliable and transparent oracle services will play a crucial role in bolstering the confidence of our users as they explore new investment horizons with Mean.0xged.ethMean Finance Co-Founder
At the core of this integration is the Gravita Debt Token (GRAI), with its price being meticulously calculated using the Moving Average Price with Interquartile Range (MAIR) methodology. This approach not only ensures accuracy but also filters out market anomalies, offering a more stable and reliable pricing mechanism.
Transparent Custom GRAI Price Feed
The oracle, leveraging data from decentralized exchanges (DEXs) on both the Ethereum Mainnet and Arbitrum network, operates with a 120-second trade aggregation window. The oracle published up-to-date price information on-chain based on a push 0.5% deviation threshold. This setup guarantees that the price feeds are both current and reflective of true market conditions, updating every 24 hours or upon significant price deviations.
See the oracle’s configuration setting in detail in the CDR requested by Mean Finance:
