Diadata Partnership with AuroraSwap

AuroraSwap is a decentralised exchange DEX on Aurora, as well as cross-chain algorithmic stablecoin. AuroraSwap’s design is based on the Uniswap constant-product automated market maker (AMM). Through AuroraSwap’s AMM, liquidity providers can simply deposit a pair of tokens and its algorithm will automatically create markets for the token pair. This enables traders to easily swap between tokens in the AMM and get guaranteed rates for the swaps. Each swap on AuroraSwap incurs a fee, which gets distributed to liquidity providers as their payment for work.

DIA is delighted to start a new collaboration within the Aurora ecosystem to supply the AuroraSwap protocol with open-source and transparent oracles. DIA is providing AuroraSwap with transparent market price data to power the lending protocol and enable a smooth and resilient operation.

DIA is officially feeding AuroraSwap with various price feeds including NEAR/USD, ETH/USD, BTC/USD, BRL/USD and many more. The oracles are computed following a time-weighted average price methodology, also known as TWAP.

About DIA

DIA is a cross-chain, end-to-end, open-source data and oracle platform for Web3. The DIA platform enables the crowd-sourcing, validation and sharing of transparent and verified data feeds for asset prices, metaverse data and more. DIA data is simultaneously sourced at a trade level from multiple on-chain and off-chain sources and made available to developers on all relevant layer 1 and layer 2 networks.

DETAILS:

https://medium.com/dia-insights/partnership-with-auroraswap-545c03dfd408

Source: https://thebittimes.com/diadata-partnership-with-auroraswap-tbt10960.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Chain news

Post by: TheBitTimes.com