Dopex Integrates DIA Oracles
Good mnueenis my beloved readers and welcome to another literary delight by Nutoro, CEO of Diamond Pepes Pty Ltd. and ruler of men.
Today I am excited to announce the integration of DIA oracles on the Dopex platform, which will be used to provide price feeds for $rDPX.
What is DIA?
DIA is a decentralized cross-chain oracle provider that provides fully transparent and customizable price feeds on an ever-growing list of token assets. For decentralized applications such as Dopex, these price feeds are required to determine input values for various calculations.
DIA is a committed partner to Arbitrum protocols, with their price feeds used in primitives ranging from lending markets to stablecoins to asset management protocols. This includes our beloved sister subsidiary Silo Finance where DIA oracles are used to secure our very own $rDPX lending market.
What is DIA doing on Dopex?
As a decentralized options platform, Dopex allows users to buy or sell options in a non-custodial manner. Some of our calculations require input values from data sources that are external to our protocol.
DIA acts as the bridge between trade data from multiple exchanges and dApps like Dopex, allowing these protocols to ingest real-time, resilient price feeds of assets. These can include the spot price of a token which is important when calculating settlement values.
Our first integration will be a price feed for rDPX/USD which will be integrated across our so-called “product suite”. Have a little read of our dear Withered ‘Block’ as he literally begs on his hands and knees for a high-quality oracle solution from the esteemed DIA team.
I invite you to have a perusal of DIA’s list of supported assets here. Oracles are a core part of virtually every DeFi protocol and a provider with such breadth of offerings is quite a catch indeed.
A sign of things to come or another classic Nut Meister bout of misinformation?
Find out next episode, my beloved readers.
Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers — all in a passive manner. Dopex uses option pools to allow anyone to earn a yield passively. Offering value to both option sellers and buyers by ensuring fair and optimized option prices across all strike prices and expiries. This is thanks to our own innovative and state-of-the-art option pricing model that replicates volatility smiles.
Follow our official social media accounts and visit our website to stay up to date with everything Dopex.
Be careful of fake Telegram groups, Discord servers and Twitter accounts trying to impersonate Dopex.