DIA Joins Forces with Stacks (STX) Ecosystem to Power DeFi Solutions on Bitcoin's Layer 2

DIA, a decentralized oracle network focusing on customizable market data feeds, has joined forces with the Stacks (STX) ecosystem.

Decentralized oracle network DIA has partnered with the Stacks (STX) ecosystem, offering critical tools for building decentralized finance (DeFi) applications on Bitcoin’s (BTC) Layer 2.

The partnership will enable the integration of DIA’s oracle suite with Stacks to provide real-time price data for STX and SIP-10 tokens, among other assets.

According to the recent announcement shared with Finbold on Wednesday, September 11, the partnership aims to support builders in the Stacks ecosystem.

The integration of DIA, which was a top choice among builders in the Stacks ecosystem, will address key remaining needs related to Bitcoin DeFi on the Stacks layer.

Powering DeFi solutions on Stacks

With over 200 dApps and more than 50 blockchains supported, DIA’s data feeds will play a key role on Stacks, ranging from lending platforms to stablecoins and decentralized exchanges (DEXs).

Tycho Onnasch, co-founder of Zest Protocol, highlighted the importance of Oracle’s price feeds, especially for lending apps like Zest Protocol and the broader DeFi ecosystem on Stacks.

“As a team, we’re very excited to see the range of options expand so we can easily get reliable price data on the Stacks layer,” Onnasch added.

By integrating real-time price feeds into smart contracts and decentralized apps (dApps), developers can unlock a wide range of use cases, including collateralized debt positions (CDP), perpetual DEXs, and lending markets.

Moreover, Stacks developers will have free access to DIA’s price oracles, which will further promote innovation across the platform.

Operating with a decentralized approach, DIA aggregates data from more than 100 exchanges, ensuring that developers can rely on accurate pricing information.

The collaboration will also see the integration of Bitflow exchange data, providing price oracles for all assets traded on the platform.