OIN Finance Announces Partnership with DIA
By: Oin Finance
Tags: Oracle, Defi, Stable Coin, Cryptocurrency, Partnerships

OIN Finance, a cross-chain layer 2 infrastructure for the greater DeFi, is delighted to announce it is entering into a strategic partnership with DIA, the supplier of open-source oracles for the DeFi market. The two companies will be working together starting with OINDAO, a decentralized stable assets issuance platform, which creates a new mining scheme for communities and providing new paths to spread incentives.

With DIA joining our ecosystem of top-tier partners, we gain an incredible open-source oracle for our infrastructure. This partnership starts off with the integration of said oracle services into our products, such as OINDAO. With future updates coming, such as the full version of OINDAO that allows ERC20 tokens to be staked in order to mint their own stablecoins, DIA’s oracle integration will provide a reliable source of information that our services can utilize.

Unlike many of its competitors, DIA’s oracles focus solely on decentralized finance, gathering accurate and actionable financial information and converting that information from off-chain sources to on-chain data. Their data feeds are trustable, scalable and built to avoid exploitation and manipulation. They are open source and trustable and represent the best ideals of blockchain, leveraging the decentralized wisdom of the community to source, validate and deliver accurate financial data. This specialization perfectly synergizes with OIN Finance and its mission, which is to become the gateway to defi.

DeFi is one of the world’s fastest growing sectors with great opportunities for those who can capitalize on them. OIN Finance is seeking to accelerate its progress in the space by building key partnerships with great communities such as DIA, who have built a substantial following consisting of more than 11,000 wallet addresses.

As “an open-source oracle platform, DIA leverages crypto-economic incentives and the wisdom of the community to source, validate and deliver trusted financial data.” Once the full version of the OINDAO is released, users will be able to join the defi space by leveraging their holdings, bringing in new ways of staking, mining, farming, along with synthetic assets that can be used for many purposes.

DIA’s Co-Founder Michael Weber says “It’s really great to see the current growth and evolution of the DeFi market. OIN’s approach to enable cross-collateral staking programs for ERC-20 tokens just goes to show how fast-paced the ecosystem is. In this speed, we need to take care to build our infrastructure right. We’re happy that OIN chose to integrate DIA as their oracle provider”

Our CEO Renard Zhang, is confident that this partnership will be a great addition to the platform, and has said about this new initiative that “As we take our first steps into the industry with our first product, we are thrilled that we have amazing projects such as DIA on board. Having them with us will allow our community to access DeFi in a simple leveraging utility to mint project-specific stablecoins, all fueled by decentralised oracles. This is an industry first.”

We are excited to have DIA with us, and can’t wait to expand and grow our ecosystem with such great projects. OIN Finance looks forward to working with DIA further in the weeks and months ahead for the mutual benefit of both and the wider defi community.

About OIN Finance

OIN is a cross-chain layer 2 infrastructure that opens the door for all the blockchain assets to leverage the growing DeFi space. Starting with OINDAO, users can leverage their assets to create their own stablecoin, allowing new use cases and methods of incentive distributions. OIN will build the bridge technology to seamlessly integrate Ethereum and others to start into its ecosystem, opening up to all of the current DeFi space, leveraging their assets and providing yield stacking, mining pools, and more. The dedication to this end is reflected in a three-pronged mission: become the gateway into DeFi, promote the DeFi industry, and grow the DeFi Space to maturity.

About DIA

DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.

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To keep updated on our progress, follow OIN Finance at:

Homepage: https://oin.finance

Medium: https://medium.com/oin-finance

Twitter: https://twitter.com/FinanceOin

Telegram: https://t.me/OIN_Finance_Eng

GitHub: https://github.com/oinfinance/oin

E-mail: team@oin.finance

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