DIA and CoinMarketCap Launch the CoinMarketCap Oracle

Oracles: The All-Seeing Eyes That Guide Crypto Networks

Oracles in DeFi 101: A Deep Dive by Tellor

## What Is DIA (DIA)?

DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data. DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial [DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps).

DIA is the governance token of the platform. It is currently based on [ERC-20 ](https://coinmarketcap.com/alexandria/glossary/erc-20)Ethereum protocol.

The project was founded in 2018, while the token supply was made available to the public during the bonding curve sale from Aug. 3 through Aug. 17, 2020, where 10.2 million tokens were sold.


### Who Are the Founders of DIA?

The DIA association was co-founded by a group of a dozen people, though Paul Claudius, Michael Weber and Samuel Brack are the leaders.

Claudius is the face of the project and its lead advocate, sometimes also mentioned as a CBO. He has a masters degree in international management from ESCP Europe and a bachelors in business and economics from Passau University. Apart from working on DIA, he is also a co-founder and CEO of BlockState AG and c ventures. Before crypto, he had worked as director for a nutrition company called nu3.

Michael Weber is DIA's Founder and Association President. He holds degrees in management from ESCP Business School and an  economics and physics from University of Cologne, Germany.

He has worked in several banks and financial institutions before turning to crypto, where he founded such projects as Goodcoin, myLucy and BlockState. 

Samuel Brack serves DIA in the role of CTO. Like both Claudius and Weber, he shares the same position at BlockState. He has a masters degree in computer science from Humboldt University of Berlin, where as of January 2020, he is still studying for his PhD.


#### What Makes DIA Unique?

DIA aims to become the Wikipedia of financial data. It specifically addresses the problem of dated/unverified/hard to access data in the world of finance and crypto, especially [DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance), while proposing to solve it viaa system of financial incentives for users to keep the flow of open-source, validated data streams to the [oracles](https://coinmarketcap.com/alexandria/article/oracles-the-all-seeing-eye-that-guides-crypto-networks) up and running. The current design of oracles, DIA argues, is non-transparent, difficult to scale and vulnerable to attack.

The DIA governance token will be used to fund data collection, data validation, voting on governance decisions and to incentivize the development of the platform. Users can stake DIA tokens to incentivi`e new data to appear on the platform, but access to historical data though DIA is free.


#### Related Pages:

Check out [Chainlink](https://coinmarketcap.com/currencies/chainlink/), a decentralised oracle network for DeFi

[Tellor ](https://coinmarketcap.com/currencies/tellor/)is another Ethereum-based oracle for DeFi and DApps

What is a [DAO](https://coinmarketcap.com/alexandria/article/what-is-a-dao)?

New to oracles and DeFi? Learn more with[ our glossary](https://coinmarketcap.com/alexandria/glossary/oracles).

Ready for more? Check out our [blog](https://coinmarketcap.com/alexandria/categories/blog) for the latest crypto news and insights.


#### How Many DIA (DIA) Tokens Are There in Circulation?

The total DIA token supply is limited with 200 million coins minted. 10 million tokens were initially sold at a private sale, 19.5 million are with early investors and advisors, Outlier Ventures being the largest. 30 million coins were offered for a bonding curve sale in August 2020, out of which 10.2 million were sold to the public, and the remaining 19.8 million burned. Another 24 million tokens are allocated to founders and team with a 29 month vesting period, and 25 million locked for the future use for the development of the DIA ecosystem. Finally,  91.5 million DIA tokens are in the company's reserve to be unlocked in equal parts over 10 years every December. Out of the first unlocked part, half of the tokens were burned in an instant, after the community vote makes the decision.

It is planned that smart contracts using DIA oracles will be receiving DIA Governance Tokens on a daily basis through what they call “proof-of-use” and “proof-of-truth” mechanisms.


### How Is the DIA Network Secured?

DIA is a standard [ERC-20 ](https://coinmarketcap.com/alexandria/glossary/erc-20)token, meaning it requires Ethereum to function, inheriting all its strengths and weaknesses. The Ethereum network is one of the largest and thus strongest because of its decentralization, as all transactions are protected by the Ethash [proof-of-work](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) function. ERC-20 merely defines a set of rules for tokens to operate on. Downsides of Ethereum may be noticeable: for example, congestion can hike the price of [gas](https://coinmarketcap.com/alexandria/glossary/gas-price) needed to perform transactions, leading to delays and abnormally high transaction fees, which impact all participants.


### Where Can You Buy DIA (DIA)?

DIA is a freely-tradable token. Pairs available for trading include BTC, USDT and ETH The top exchanges for trading in DIA are currently [Binance](https://coinmarketcap.com/exchanges/binance/), [OKEx](https://coinmarketcap.com/exchanges/okex/), [HBTC](https://coinmarketcap.com/exchanges/hbtc/), [Bidesk](https://coinmarketcap.com/exchanges/bidesk/), and [BiKi](https://coinmarketcap.com/exchanges/biki/). You can find others listed on our [crypto exchanges page](https://coinmarketcap.com/rankings/exchanges/).

New to crypto and want to know how to buy Bitcoin (BTC) or any other token? Find out the details [here](https://coinmarketcap.com/how-to-buy-bitcoin/).

Binance

Trust Wallet

MetaMask

Binance Chain Wallet

DIA redefines oracles on 30+ L1/L2s: Fully customisable, unmet asset coverage, 100% transparent. Enabling new primitives for #DeFi, #NFTfi and #GameFi.

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Dimitra

Aleph.im

Aura Finance

pSTAKE Finance

ArchLoot

Isiklar Coin

FUNToken

Dora Factory

LooksRare

Rally

zkLend

PlasticHero

Trias Token (New)

Hippo Wallet Token (HPO)

Sommelier

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

Band Protocol

Litentry

Marlin is an open protocol that provides a high-performance programmable network infrastructure for DeFi and Web 3.0. The nodes in the Marlin network, called Metanodes, operate the MarlinVM which provides a virtual router interface for developers to deploy customized overlays and perform edge computations.

Notable overlays that can be built using MarlinVM include:

Low-latency block multicast to scale blockchains

Low-latency mempool sync for arbitrageurs

Mesh networks

Anonymity networks like mixnets

Device optimization and caching responses of API to Infura, Alchemy etc

Its native utility token POND is used for:

Running validator nodes on the network via staking

Making and voting on governance proposals to determine how network resources are allocated

Determining a set of network performance auditors and compensating users from an insurance fund in case of a SLA breach

Marlin aims to deliver on the promise of a decentralized web where applications secured via the blockchain are indistinguishable in terms of performance to users accustomed to Web 2.0.

Marlin

Bella Protocol is a platform that provides a suite of DeFi products designed to make crypto banking simpler and more accessible. The protocol aims to create a better user experience by eliminating the high fee and slow transaction issues that can affect some blockchain platforms — while simultaneously improving the user experience through its simplified DeFi smart portal.

Bella's smart pool feature allows users to access the best yields available in the DeFi market, while benefiting from nearly zero gas fees — since these are directly subsidized by the platform.

The project launched in September 2020 as the first project distributed via Binance’s Launchpool platform, and has secured investments from several prominent firms, including Arrington XRP Capital and Ledger Capital.

The protocol was built by the ARPA team, a blockchain-based layer 2 solution for privacy-preserving computation. The BEL token is an essential component of the Bella Protocol ecosystem and serves as both a reward token that allows holders to participate in the governance of the platform.

BEL can be used to farm fee rewards from the network, get exclusive discounts on Bella protocol products (such as its robo-advisor tool), and for earning staking rewards.

Bella Protocol

Reef is a Reliable Extensible Efficient Fast Layer-1 Blockchain for DeFi, NFT & Gaming. Built using Substrate Framework, it provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase.

Reef Chain is the most advanced EVM-compatible blockchain. It's self-upgradable and has on-chain governance. Its infrastructure also allows for EVM extensions which allows for native token bridge, scheduled calls (ie. recurring payments), and smart contract in-place code upgrades. In the near future, it will support additional VMs which will allow developers to write code in multiple programming languages. The network runs on a Nominated Proof-of-Stake (NPoS) consensus mechanism, which offers scalability and low fees.

REEF is the native token that is used for:

Fees for processing transactions and storing data.

Running validator nodes by staking REEF tokens.

Nominating which validator nodes should be part of the network.

Reef is backed by multiple leading funds and venture capitalists including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.

Reef Chain development tools include:

Remix and EVM integrated development environments for uploading and deploying smart contracts.

Reefscan blockchain explorer to assist with deploying validators, bonding and nominating validators, debugging contracts, and understanding network performance.

Reef command line tools that allow developers deploy applications from local environments.

Reef wallet for accessing and interacting with the blockchain

Reef

Orion is a suite of decentralized finance (DeFi) trading products with instant access to aggregated centralized and decentralized exchange liquidity to provide users with real-time best asset prices in a seamless trading experience. Orion offers the non-custodial equivalent of a DEX with access to the best priced liquidity in the world, empowering people with financial responsibility on a global scale.

Orion

Origin Protocol is one of Ethereum’s longest-standing DeFi projects, featuring a multichain feature set that unlocks vast opportunities for yield generation across the space. Origin’s products are built to be permissionless and composable, allowing for deep integration with novel primitives. All of Origin’s products streamline rewards to OGN stakers, cultivating a sustainable, user-first offering.

At its core proposition, Origin features:

Capital efficiency: Origin’s liquid staking products, Origin Ether and Origin Dollar, empower users to earn yield while retaining full capital control. The protocol’s unique Automated Redemption Manager (ARM) serves as a key liquidity hub for LST redemptions.

Vast composability: OETH’s robust peg and interoperability makes it an ideal building block for innovative DeFi strategies.

Broad access: Origin’s diverse integrations with partners such as EigenLayer and Pendle Finance, cater to power users and new entrants alike. Origin is built on core principles of seamless usability, cultivating one of the smoothest user experiences in the space.

Some of Origin Protocol’s key elements include:

Origin Ether (OETH): OETH is a leading liquid staking token that harnesses battle-tested mechanics to maintain a strong peg and vast composability for users. Users can mint OETH by depositing reserves of ETH. This ETH is staked to the Beacon Chain, with staking rewards distributed to users. OETH boasts broad DeFi integrations on ETH and leading Layer-2 networks.

Origin Dollar (OUSD): OUSD is a yield bearing stablecoin fully collateralized by reserves of USDT, USDC, and DAI. Users can deposit these stablecoins to mint OUSD, which generates yield. OUSD’s rebasing model automatically distributes rewards to holders’ wallets, removing the need for lockups and claiming rewards.

Automated Redemption Manager (ARM): The ARM is a groundbreaking platform that bolsters liquidity for redeemable assets, such as LSTs and LRTs. Users can take advantage of rapid redemptions for seamless swaps between leading LSTs and ETH with zero slippage.

Some of its key highlights include:

Versatile Utility: Origin’s product suite is deeply integrated across DeFi, allowing users to harness innovative instruments and opportunities. Origin Ether, for instance, is deeply integrated with the likes of Pendle and EigenLayer. Users can also take advantage of wOETH on leading L2 networks to explore more platforms and yield generating positions.

Transparent, best-in-class security: Both OUSD and OETH boast battle-tested, open-source codebases. Origin’s products have been rigorously audited by leading firms, including OpenZeppelin. Origin’s yield-generating products deliver yields without compromising on security, and feature rich analytics dashboards for users to monitor treasury flows and allocations.

Protocol Governance: Users can stake OGN for up to a year in exchange for non-transferable xOGN. xOGN accrues yield from a share of protocol fees earned by Origin’s products. xOGN holders can submit proposals, vote on active submissions, and vote on treasury allocations. This symbiotic structure creates a sustainable, rewarding governance system that upholds the core principles of decentralization.

World class team and investors: The project is led by serial entrepreneurs Matthew Liu and Josh Fraser, and seasoned team members from leading tech firms including PayPal, YouTube, Google, DropBox, etc. Origin has received backing from top investors such as Pantera Capital and Foundation Capital, as well as from individuals like Steve Chen, the founder of YouTube, and Alexis Ohanian, co-founder of Reddit.

Origin Protocol

Chromia is a modular, relational blockchain platform that aims to make it easy for people to build decentralized applications (DApps). It was founded by ChromaWay, a company that has been working on blockchain solutions since 2014 for various sectors such as finance, real estate, gaming and public services. ChromaWay is also known for creating colored coins, which are user-defined assets on a blockchain that can represent anything from currencies to stocks to collectibles.

Chromia’s vision is to enable a new generation of DApps that can scale beyond what is currently possible and address real-world problems in various domains such as gaming, social media, finance, healthcare, education, governance, and more.

Some examples of DApps on Chromia include: My Neighbor Alice (ALICE), a multiplayer blockchain game; LAC PropertyChain, a land registry system; Green Assets Wallet, a platform for green bond verification; Hedget (HGET),  a decentralized options protocol; Corite (CO), a music streaming service; Chain of Alliance (COA), a strategy game; Vault12, a digital asset custody solution; Domenation, a blockchain gaming project.

Chromia

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

To learn more about this project, check out our deep dive of Ren.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain and the Poly Network interoperability protocol. It combines several DeFi applications into a single ecosystem: a cross-blockchain asset gateway (wrapper), an on-blockchain liquidity pool (swap), a blockchain asset vault, a perpetual contract trading platform (perp) and a decentralized governance organization (DAO).

Different components of the Flamingo network are planned to be launched in several phases:

Token wrapper for Bitcoin, Ethereum, USDT, Neo, Ontology and others: September 23, 2020

Swap and LP token staking: September 30, 2020

Phase 3 vault launch and stablecoin issuance: October 28, 2020

Perp launch: November 25, 2020

DAO launch: December 23, 2020

Flamingo

Clover Finance (CLV), or simply Clover, is a blockchain operating system. It provides a one-stop, easy‑to‑use blockchain infrastructure and an ethereum virtual machine (EVM) compatible framework for Substrate‑based applications.

Clover Finance, another offspring of the Substrate-based Polkadot parachain aims at bridging the compatibility gap when building and operating across blockchains.

The project was founded in May 2020 and the mainnet of Clover Finance launched in July 2021.

Akropolis is a company that operates an Ethereum-based decentralized finance protocol that seeks to provide an autonomous financial ecosystem for saving and growing wealth, including through borrowing and lending. To do so, it offers a series of products including AkropolisOS, a framework for developing for-profit decentralized autonomous organizations, Sparta, a platform for uncollateralized lending, and Delphi, a yield farming aggregator and tool for dollar-cost averaging.

The project uses an ERC-20 token, AKRO, for protocol governance across its suite of products.

Akropoli was first announced in March 2018, launching on the Ethereum mainnet in June 2020.

Akropolis

Bluzelle is a decentralized storage network for the creator economy.

Bluzelle delivers high security, un-matched availability, and is censorship resistant. Whether you are an artist, musician, scientist, publisher, or developer, Bluzelle protects the intellectual property of all creators. Bluzelle is data storage, file storage, oracles, and more. Its is specific for NFTs and DeFi.

Bluzelle’s core products are all related to data and powered by its Tendermint Blockchain:

Bluzelle DB - a decentralized database for software developers to store information

Bluzelle Oracles - a truly decentralized pricing oracle that provides high speed and high security for Defi applications

Bluzelle Staking - where BLZ holders can currently stake their tokens and earn rewards for providing storage and pricing data.

Bluzelle

Frontier is a chain-agnostic decentralized finance (DeFi) aggregator. The project aims to add DeFi support to several blockchains, including BandChain (BAND), Ethereum (ETH), Binance Smart Chain (BSC) and Harmony (ONE).

Frontier’s applications allow users to manage staking, DeFi positions, best-rate asset swapping, liquidity mining, and collateralized debt position (CDP) creation and monitoring.

In a nutshell, Frontier is bringing the core functions of DeFi to users, regardless of the platforms they use.

Frontier began development in April 2019, and the beta platform launched in November 2019.

Frontier

UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal of making global markets universally fair, accessible, secure and decentralized.

The team drew inspiration from traditional finance derivatives to define an open-source protocol to allow anyone, anywhere, to design and build trustless financial contracts.

Ontology is a project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.

The Ontology blockchain is a high speed, low cost public blockchain. It is designed to bring decentralized identity and data solutions to Web3, with the goal of increasing privacy, transparency, and trust. To achieve this, users and enterprises are provided with the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.

At its launch, Ontology chose to forego the popular initial coin offering (ICO) model in favor of a series of community distributions and airdrops of its ONT cryptocurrency.

This helped to quickly establish both organic price discovery and a passionate community and helped the project to avoid subsequent regulatory scrutiny.

For example, for a brief period any person who signed up for the Ontology newsletter received an airdrop of free 1,000 ONT, which reached a value of $10 per token soon after the token became listed on major exchanges like Binance.

Ontology launched its own MainNet on June 30, 2018 and has been up and running smoothly since.

Ontology

SKALE, described as a modular blockchain network, is designed to bring scalability to Ethereum. SKALE is the only blockchain network capable of running an unlimited number of fast, on-demand, pooled-security Blockchains with zero gas fees to end users. These individual chains are known as SKALE chains and can be dapp-specific or shared.

The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security.

According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure.

SKALE

Tellor is a decentralized oracle protocol.

Oracles are a key part of blockchain infrastructure that update valuable off-chain data, making it available for on-chain smart contracts.

Tellor’s oracle supplies data that can be requested, validated and put on-chain permissionlessly with data reporters competing for incentives of TRB. Data reporters bring valuable information on-chain for a wide range of DeFi applications.

Tellor

Bancor is an ecosystem of decentralized, open-source protocols that promote on-chain trading and liquidity.

Its main protocol, Carbon, is a decentralized trading protocol allowing users to perform automated trading strategies using custom on-chain limit orders and range orders, with the option of combining orders together to create automated buy low, sell high strategies.

By design, Carbon orders are irreversible on execution, easily adjustable directly on-chain, and resistant to MEV sandwich attacks. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies on-chain.

Fast Lane, a separate open-source arbitrage protocol, allows any user to perform arbitrage between Bancor ecosystem protocols and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem.

All Bancor ecosystem protocols are governed by the BancorDAO via staked BNT.

Bancor

Kava Lend is a decentralized money market built on the Kava Platform that enables the lending and borrowing of cross-chain assets. Kava Lend supports supply-side deposits for BTC, XRP, BNB, BUSD, and USDX. The platform will allow overcollateralized borrowing for supported assets.