DIA Integration with Neon Community’s Testnet

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2022-11-18 17:53:08

DIA, a multi-chain, end-to-end, open-source information and oracle platform for Web3, introduced integration with Neon Community’s Testnet. 

DIA oracles integration with Neon Community’s testnet, will carry 20.000+ tokens and NFT value feeds to the EVM resolution on Solana.

Introducing Neon

Neon is a Solana software program setting that acts as a gateway for Ethereum-based functions to entry Solana’s scalability and liquidity with out altering their codebase. As a result of Neon helps the complete Ethereum Digital Machine — EVM — it permits Ethereum native builders to make use of acquainted instruments and assets whereas benefiting from Solana’s capacity to course of transactions rapidly and at decrease charges.

Solana’s pace, safety, and low fuel charges, mixed with EVM help, make it an interesting mixture for the Neon community, which at present helps a throughput of two.000+ TPS and fuel at 0.000015 SOL / tx.

Neon labored onerous to make sure that the EVM is as easy to make use of as attainable. Customers can connect with Neon utilizing wallets that help customized RPC APIs, giving them an Ethereum-like person expertise. Current Ethereum dApps can launch on Neon with out requiring any modifications to their codebase, making it the one EVM that permits the deployment of Ethereum dApps on Solana’s ecosystem.

Introducing the DIA Knowledge Library to Neon

DIA has built-in its open-source Oracle infrastructure with the Neon testnet community. This new replace permits Neon builders to start growing and testing a variety of DeFi and NFTfi functions that depend on high-quality, clear, and crowd-sourced value information feeds. The mainnet will likely be built-in as quickly because it goes reside, which is predicted on December 12, 2022.

Due to Neon Community’s EVM compatibility, Ethereum native functions may be simply migrated to the Solana ecosystem with no code modifications, the place DIA can feed them with correct and clear market information. This can allow DIA to energy dApps on Neon EVM with quite a lot of DeFi use circumstances equivalent to stablecoins, staking, and mining.

Marina Guryeva, CEO and Founding father of Neon Labs, the developer behind Neon EVM, says:

“Neon EVM unites the perfect of two worlds: Ethereum and Solana, and places to relaxation the Ethereum killer narrative as soon as and for all. Ethereum-based tasks can, for the primary time, faucet into the beforehand inaccessible viewers and liquidity of Solana with no need to rewrite their code in Rust. In consequence, customers will now get to get pleasure from enhanced person experiences on Solana with out dropping out on Ethereum’s battle-tested dApps.”

How Does DIA Operate?

With the deployment of DIA’s information and Oracle infrastructure, dApps on Neon Community’s EVM-compatible ecosystem may have entry to cost feeds of 3k+ digital belongings and 18k+ NFT collections, in addition to quite a lot of lending charges, FX charges, and different information feeds. This can permit Neon Community to help functions aside from DeFi and NFTfi.

As a result of DIA doesn’t depend on exterior information suppliers, its proprietary open-source Oracle infrastructure distinguishes it from different Web3 information options. In an effort to create value oracles, DIA crowdsources commerce information at a really granular stage from each off-chain and on-chain sources.

DIA’s structure permits the creation of customized token and NFT value feeds for every dApp and use case, with pricing methodologies, information sources, and different components equivalent to oracle replace mechanism, frequency, and extra utterly customizable. DIA’s technique permits it to fulfill any distinctive information and asset necessities a mission might have whereas additionally offering customers with full transparency into how the information feeds are created.

Michael Weber, DIA Co-Founder mentions:

“We’re excited to see an EVM-based Layer-2 scaling resolution construct on Solana. Their effort to make Neon suitable with Ethereum actually is an thrilling imaginative and prescient, and we’re thrilled to see DIA assist their community flourish. With the safety and pace of Solana, along with the low price of Neon, we might see a terrific influx of recent apps and customers, and we might be very happy to kickstart their improvement on the Neon community.”

Neon Community DIA Demo Oracle

Check the DIA demo oracle on the Neon Community by interacting with the next demo oracle sensible contact:

Word: DIA Demo Oracle contracts will not be supposed to be built-in into dApps. DIA deploys devoted contracts for dApps, please request a devoted oracle. Study extra about DIA demo oracles on the DIA Documentation.

About DIA

DIA is a multi-chain, end-to-end, open-source information and oracle platform for Web3. The DIA platform permits the sourcing, validation and sharing of clear and verified information feeds for conventional and digital monetary functions. DIA’s institutional-grade information feeds cowl digital asset costs, NFT ground costs, lending charges, FX charges and extra.

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SOURCE

https://medium.com/dia-insights/hello-neon-network-dias-oracles-live-on-neon-testnet-8a34a475af97

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