Everything you need to know about DIA and oracles.
What is DIA?
DIA (Decentralised Information Asset) is a cross-chain, end-to-end, open-source data and oracle platform for Web3.
The DIA platform enables the sourcing, validation and sharing of transparent and verified data feeds for traditional and digital financial applications. DIA’s institutional-grade data feeds cover asset prices, metaverse data, lending rates and more. DIA’s data is directly sourced from a broad array of on-chain and off-chain sources at individual trade level. This allows DIA feeds to be fully customised with regards to the mix of sources and methodologies, resulting in tailor-made, high resilience feeds, setting a new paradigm for oracles.
What is DIA's mission?
Our mission is to become the DAO to drive and grow a new financial paradigm. Financial data is guarded by large organisations, which lack transparency and restrict access. DIA's mission is to create a trusted, transparent and accessible data infrastructure, by enabling public participation in its creation. A Wikipedia for financial data, built for and by the web3 community. Our purpose is to empower a new, level economy with accurate and transparent financial data, accessible to anyone via robust and reliable infrastructure.
What is a blockchain oracle?
Blockchain oracles are entities that enable smart contracts to access the data from external sources in order to execute based on real-world inputs. Oracles source, verify and authenticate data from various sources and fetch them to smart contracts in different protocols. These include DeFi, NFTfi, Stablecoins, Indexes, prediction markets and many more.
What is an exchange scraper?
A data scraper is a piece of software that extracts data from another source and imports it into a destination document. The purpose of DIA's exchange scrapers is to collect single-trade data from CEXs, DEXs and NFT Marketplaces and import them for computation, analysis and further distribution via DIA Oracles.
Does DIA have a native token?
Yes. The DIA token was launched in 2020. Its purpose is to empower the community to govern over the DIA platform. Any community member can open a discussion through the DIA Forum to propose optimisations to the DIA platform. DIA token is an ERC-20 token with a may supply of 200,000,000 tokens.
Where can I buy DIA?
The DIA token can be purchased on a variety of centralized and decentralized exchanges, such as Binance, Coinbase, Huobi Global, Crypto.com, OKX, Kucoin, Uniswap, PancakeSwap, SushiSwap and many more.
Hoes does DIA source its data feeds?
Instead of distributing pre-calculated data feeds, DIA covers the whole data journey from sourcing individual trade data to the last mile on-chain and off-chain feed delivery.
By leveraging a network of WebSockets and decentralised node providers, DIA retrieves every single trade from more than 65 centralised and decentralized digital asset exchanges. This means that every trade happening for every asset pair, gets recorded and collected into blocks of 120 seconds into the DIA Platform.
This in turn, represents an enormous data availability (15bn trades/day) to later on, enabling DIA to capture the highest data precision and accuracy possible and build flexible and highly customizable data feeds.
How does DIA deliver its data feeds?
DIA offers several methods for data users to ingest its feeds, both on-chain and off-chain, to ensure usability for a wide range of use cases, from Web3 dApps to Web2 apps and traditional financial users.
For on-chain use cases, data feeds are delivered via oracle smart contract and can be deployed on one of the 25+ most relevant layer1 and layer2 blockchain networks. These smart contracts provide a data stream coming from the DIA platform via a REST API. When triggered, the oracle pushes an update of the API to the blockchain network. These oracle update triggers are customizable and can be accommodated to best serve specific feeds.
On the other hand, if the data feed is not meant for an on-chain use case, they can be also delivered via Rest API or Graph QL, enables more flexibility and direct adjustment of feed attributes.
What data categories can DIA provide?
DIA's crowd-sourcing approach to data sourcing uniquely positions DIA to utilise the broadest possible set of sources and ensure maximum coverage of asset price data. Any data feed that is publicly accessible can be sourced, regardless of whether it is listed on exchanges and what its trading volume is - there is no dependency on third-party data providers.
These include cryptocurrency price data for 2.000+ digital assets, Ttraditional finance price data for 20.000+ equities, NFT Floor price data for 18.000+ NTF collections, Multi-Chain Random Number Generation, FX rates, Lending rates, Farming pools and many more.
What is the DIA DAO?
A formal framework to enable the DIA community to support the growth and development of DIA and to earn rewards while doing so. The inception of this ‘Worker DAO’ is a major milestone in the journey to a matured DAO.
What is the purpose of DIA DAO?
To build a formal framework to enable the DIA community to support the growth and development of DIA and to earn rewards while doing so. The inception of this ‘Work DAO’ is a major milestone in the journey to a fully matured DAO. In this post, we will unbox how we plan to raise and operate DIA’s decentralised workforce.
What are the benefits of the DIA DAO?
You can earn $ETH and XP points. Additionally, DIA tokens are an extra layer of reward to enable participation in governance and other on-site utilities. However, DIA DAO has real intangible benefits. You can learn about Web3 and develop your skills, shape the future of DIA DAO, gain new connections in the ecosystem, become a creator in the data layer of the web3 economy and many more
How do I join the DIA DAO?
Joining the DIA DAO Discord and submitting your onboarding application are the first steps. Once submitted, one of the core contributors will contact you with the next steps. It is also highly recommended to create a DIA DAO Forum account for governance-related topics.