# DIA partnership with AstridDAO

**Published by:** [Zedcrypt](https://paragraph.com/@zedcrypt/)
**Published on:** 2022-05-08
**Categories:** zedcrypt, newsletter, announcements, tutorial and learn, token spotlight, polygon, dia, dao, astriddao, darumadao, bridge, chainlink, klimadao, cronos, iost, ripple, reefchain, dforce, wallet, mannheim, arcfinance
**URL:** https://paragraph.com/@zedcrypt/dia-partnership-with-astriddao

## Content

![](https://storage.googleapis.com/papyrus_images/ab550b7a068633fbc9e638021780722d) > DIA’s customizable and transparent price feed oracles are powering AstridDAO, the Multi-collateral and decentralized stablecoin running on the Astar Network. AstridDAO utilizes an Instant Liquidation mechanism, allowing the system to run with a 0% interest rate and a low minimum collateral ratio while remaining safe. AstridDAO can achieve higher capital efficiency compared with existing CDP projects. DIA is excited to announce its new price feed oracle integration with AstridDAO. With this new partnership, DIA is delivering crowd-sourced price data feeds to power the AstridDAO protocol running on the Astar network. DIA will supply AstridDAO with accurate, reliable, and transparent price feed for the asset pair Astar / USD. DIA ensures high-quality and resilient data feeds, thanks to its crowd-sourcing approach, unique in the web3 data and oracle landscape. While most oracles depend on third-party centralized data providers, DIA simultaneously sources trade data directly from centralized and decentralized exchanges. To come up with the final price points, the aggregated data is computed and sanitized based on fully transparent methodologies and sources, enabling AstridDAO to have full control and clarity over the data they depend on. These requirements were transferred to DIA by submitting a DIA Custom Delivery Request (CDR) via the DIA DAO Forum and is publicly available to everyone. The AstridDAO CDR provides users a level of transparency on how the price data feeding the protocol is built. > **Michael Weber**, DIA Co-Founder comments: > “*Stablecoin protocols are a critical component of Decentralised Finance and AstridDAO will play a crucial role in the development of the Astar ecosystem. We are thrilled to start delivering transparent and tailor-made price feed oracles to accurately enable AstridDAO’s operations on Astar Network. DIA’s granular and crowd-sourced approach will ensure a robust oracle infrastructure to effectively power the stablecoins development.*” > > AstridDAO team adds:“*We are excited to partner with DIA, a promising project building the cross-chain oracle platform for Web3. We will use DIA as one of the prices feeds to our oracle assets. Through this partnership, we will be closer to our vision, building the user-friendly, reliable decentralized stablecoin on Astar for Polkadot. We are looking forward to working with DIA and contributing to the development of the Astar ecosystem.*” **About AstridDAO** AstridDAO is a multi-collateral stablecoin built on Astar Network and for the Polkadot ecosystem. AstridDAO allows users to deposit various crypto assets including $ASTR, $BTC, $ETH, $BNB, etc., and borrow BAI, a fully backed stablecoin hard-pegged to the US Dollar, at a 0% interest rate with a minimum collateral ratio. With the $ATID token and $veATID token, people can vote to increase the reward weight of a stability pool, add new collateral assets, and more. BAI holders will be able to farm on different protocols on Astar Network to receive rewards and interest. [Website](https://astriddao.xyz/) | [Twitter](https://twitter.com/AstridDao) | [Telegram](https://t.me/+rCJV1CbvTZlhNTg1) | [Medium](https://medium.com/astriddao) | [Gitbook](https://astriddao.gitbook.io/documentation) | [Discord](https://discord.gg/sarYAHuwNg) **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 feed 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. [Website](https://diadata.org/) | [DIA Token](http://token.diadata.org/) | [DIA DAO](https://dao.diadata.org/) | [Twitter](https://twitter.com/DIAdata_org) | [Telegram](https://t.me/DIAdata_org) | [YouTube](https://www.youtube.com/c/DIAdata_org) --- # [Polygon (Matic) - Spotlight by Coinbase](https://www.zedcrypt.com/2022/05/polygon-matic-spotlight-by-coinbase.html) Polygon is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. You can buy or sell MATIC via exchanges. # [Celer IM is integrating with Rubic](https://www.zedcrypt.com/2022/05/celer-im-is-integrating-with-rubic.html) In combination with cBridge’s cross-chain asset ability, Rubic’s use of Celer IM will provide Rubic users with more efficient, faster, and lower-cost options for multi-chain swaps, where the best token swap options can be aggregated and executed with the single click of a button. # [What is a Mintable Token? - Learn with CertiK](https://www.zedcrypt.com/2022/05/what-is-mintable-token-learn-with-certik.html) Trying to get your head around the difference between ‘mintable tokens’ and ‘mineable tokens’ can be a complicated affair, primarily because there is a lot of slippage in the terminology between the two. Whilst both are essential to the cryptocurrency landscape today, there are profound differences between the two in terms of both utility and design. This in turn has far-reaching implications for the kinds of functions they can perform and the security risks they entail. # [DIA partnership with AstridDAO](https://www.zedcrypt.com/2022/05/dia-partnership-with-astriddao.html) DIA is delivering crowd-sourced price data feeds to power the AstridDAO protocol running on the Astar network. DIA will supply AstridDAO with accurate, reliable, and transparent price feed for the asset pair Astar / USD. # [DarumaDAO, spotlight by Nervos](https://www.zedcrypt.com/2022/05/darumadao.html) DarumaDAO is a reserve currency protocol, with the $DRM token as the main representative. This protocol is inspired by OlympusDAO and its reserve currency, $OHM. # [Mannheim partnership with Arc Finance](https://www.zedcrypt.com/2022/05/mannheim-partnership-with-arc-finance.html) After the Mannheim mainnet goes live, Arc Finance will expand its leading financial products into the Mannheim ecosystem. Arc Finance’s products include DEX, Farms, IDO launchpads, NFT markets, derivatives protocols, etc. # [KlimaDAO is integrating Chainlink price feeds to support secure and reliable gOHM bond](https://www.zedcrypt.com/2022/05/klimadao-is-integrating-chainlink-price.html) By integrating the industry-leading decentralized oracle network, they now have access to reliable price data feeds that can help them securely offer gOHM/KLIMA bonds to users. Ultimately, this integration helps enable KlimaDAO to further align itself with Olympus DAO and provide a robust liquidity rail for the KLIMA token. # [Cronos Mainnet Network Upgrade beta v0.7.0 “Huygens”](https://www.zedcrypt.com/2022/05/cronos-mainnet-network-upgrade-beta.html) Major changes include the new feemarket module introducing a dynamic fee structure to the network and EIP-1559; implementation of refactoring of the EVM’s StateDB to improve the performance of contract execution; and support for batching multiple eth transactions in cosmos transactions. # [IOST partnership with Label Foundation](https://www.zedcrypt.com/2022/05/iost-partnership-with-label-foundation.html) By expanding the ecosystem into IOST, Label foundation could benefit from the fast, secure, and reasonable gas fees of the IOST network. The IOST Foundation sees added values and a positive outlook in its collaborations with musical NFTs and top artists via Label Foundation. # [Ripple (XRP) - Spotlight by Bitpanda](https://www.zedcrypt.com/2022/05/ripple-xrp-spotlight-by-bitpanda.html) The main goal of Ripple is to establish a network that allows as many transactions as possible to simultaneously run as fast as possible. Ripple aims to attract companies like large banks, remittance services, and payment providers who are interested in the technology. # [How To Create Reef Chain Wallet on Your Desktop](https://www.zedcrypt.com/2022/05/how-to-create-reef-chain-wallet-on-your.html) Reef is an EVM-first blockchain, built on Parity Substrate, designed to make Web3 accessible to millions of people. With lower gas costs and very fast transactions, paired with a Nominated Proof of Stake consensus mechanism, Reef offers high scalability and affordable transactions to the NFT, metaverse, GameFi, and DeFi communities. # [The Introducing: dForce Bridge](https://www.zedcrypt.com/2022/05/the-introducing-dforce-bridge.html) Following cBridge, they are now launching a customized bridge (aka dForce Bridge) to further power the multichain expansion. Through dForce Bridge, $USX minted on Ethereum will be locked in a smart contract with the equivalent amount of $USX minted on Arbitrum and Optimism Rollup to maintain a 1:1 peg, which will effectively remove the liquidity cap (size of $USX pool and $DF pool) of the pool-base model with more flexibility and enhanced efficiency. --- Zedcrypt “Dev’s Things” is Spreading the news of cryptocurrency developers, tokens, ideation, and the latest product update. **Disclaimer**: All news, announcements, ideation, or tutorial and learn on zedcrypt.com are sourced by cryptocurrency developers. All these do not constitute any investment advice. Zedcrypt.com bears no responsibility or liability for any loss that readers may experience. Official: __[Zedcrypt.com](https://www.zedcrypt.com/)__

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