DIA Network Integrates with Stacks Ecosystem to Bring New Level of Data Precision to Bitcoin DeFi

DIA's integration with the Stacks ecosystem brings a new level of data precision and reliability to Bitcoin DeFi, offering developers essential tools for creating advanced decentralized finance applications.

Stacks, a layer 2 solution for Bitcoin, has announced a partnership with DIA, a decentralized oracle network, to integrate DIA’s price oracles for STX and SIP10 tokens. This collaboration provides developers building on Stacks with essential data tools for creating decentralized finance (DeFi) applications.

The integration of DIA’s oracles offers several benefits for the Stacks ecosystem:

Free Access: Developers on Stacks can utilize DIA’s price oracles free of charge, promoting innovation throughout the ecosystem.

Transparency: DIA’s price feeds are generated through its proprietary system, aggregating data from over 90 exchanges to ensure clarity.

Reliability: With support for over 200 dApps and 50+ chains, DIA’s oracles deliver dependable and robust data for Stacks-based applications.

Crucially, DIA’s decentralized approach ensures that its price feeds, sourced from over 100 exchanges, offer accurate and transparent data, which is essential for DeFi applications on Stacks.

Additionally, with the recent addition of Bitflow exchange to DIA’s data sources, coverage for Stacks-native assets is further enhanced. This integration enables DIA to generate price oracles for all assets traded on Bitflow, expanding its utility within the Stacks ecosystem.

“Oracle price feeds are incredibly important for lending apps like Zest Protocol and the wider 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.”

– Tycho Onnasch, Zest Protocol

“As the strategic oracle partner for Stacks, DIA is excited to bring our decentralized price oracles to the Bitcoin layer 2 ecosystem. This collaboration unlocks a powerful toolset for developers building on Stacks, allowing them to create innovative, off-chain data-dependent DeFi applications with the security and finality of Bitcoin. We’re proud to contribute to the growth of this ecosystem by offering robust, transparent data feeds for Stacks-native assets that empower builders to push the boundaries of decentralized finance on Stacks.”

– Dillon Hanson, Head of Business Development at DIA

“At the Stacks Foundation, one of our primary functions is to support builders in bringing in the resources and infrastructure they need to be successful. While working closely with the DeFi Working Group, the research quickly made it clear DIA was the top choice of builders in an oracle. The DIA integration addresses key remaining needs related to Bitcoin DeFi on the Stacks layer and is another example of builder-led prioritization driving crucial relationships with high-quality organizations.

– Mitchell Cuevas, Executive Director at the Stacks Foundation

This integration provides builders with the essential infrastructure to create more advanced and reliable DeFi products. By leveraging DIA’s expertise in data sourcing and delivery, the Stacks community can expect enhanced capabilities for financial applications, ultimately driving growth and innovation for the leading Bitcoin layer 2.

About DIA

DIA is a decentralized and trustless oracle network that provides reliable data feeds for tokens, Liquid Staking Tokens (LSTs), Real World Assets (RWAs), random numbers, and more across multiple blockchains. The network operates permissionlessly, allowing nodes and stakers to participate in decentralized data sourcing, secured by crypto-economic and cryptographic mechanisms. DIA’s native Ethereum Layer 2 rollup, ‘Lasernet,’ handles all key oracle operations, ensuring trustless computations and complete verifiability. With over 100 data sources, support for 50+ blockchains, and powering more than 200 decentralized applications (dApps), DIA continues to scale its network, empowering Web3 ecosystems to grow and thrive.

About Stacks

Stacks is a Bitcoin Layer 2 solution that enables smart contracts and decentralized applications (dApps) to use Bitcoin as a secure base layer. The upcoming 2024 Nakamoto and sBTC releases aim to enhance speed and provide transactions with 100% Bitcoin finality. Stacks currently leads as the top Bitcoin Layer 2 by developer traction and market cap, with the potential to unlock Bitcoin’s $500 billion in passive capital as a fully programmable, productive asset. The Stacks (STX) token, used as gas on the Layer 2, was the first token to undergo an SEC-qualified sale in the United States. Since the mainnet launch in 2021, Stacks has fully decentralized, with contributions from over 30 entities, including the Stacks Foundation, developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and others.