OmniDex Announces Partnership With DIA

Telos ESG crypto, Telos ESG blockchain
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We are proud to announce that DIA (Decentralized Information Asset), a leading cross-chain, open-source data and oracle platform for Web3 integrated into the Telos EVM, has recently partnered with OminDex, the first AMM and lending platform built on the Telos EVM.

Partnership Dynamics

Through this collaboration, DIA will commence oracle integration with OminDex, delivering crowd-sourced data feeds as well as reliable and accurate price points to the lending and exchange platform to support a wide variety of digital assets. This includes: WETH/USD, USDT/USD, USDC/USD, WBTC/USD, WAVAX/USD, WTLOS/USD, WBNB/USD, WMATIC/USD and WFTM/USD.

As oracles are a crucial part of trading protocols, DIA will play a critical role in the infrastructure of OmniDex. Moreover, DIA will ensure high-quality and resilient data feeds for OmniDex, thanks to DIA’s crowd-sourcing approach, unique in the web3 data and oracle landscape.

DIA simultaneously sources trade data directly from centralized and decentralized exchanges, thus avoiding relying on third-party centralized data providers. Final price points are determined when the aggregated data is computed and sanitized based on fully transparent methodologies and sources, enabling OmniDex to have complete control and clarity over the information they depend on.

Michael Weber, DIA Co-Founder, and CEO, comments:

“ We are thrilled to start working with OmniDEX, the native AMM DEX on the Telos blockchain. OmniDEX will be able to trustlessly power its operations with DIA’s customizable and transparent oracles. Additionally, we have more collaboration lined up in near future so stay tuned for that ! ”

AJ Dinger, Head of Business Development, Telos Foundation

“ We couldn’t be more excited to have our first lending platform OmniLend live and integrated with DIA. DIA’s unique oracle infrastructure, coupled with the team’s hands-on approach to ensuring a smooth integration were critical to OmniLend delivering a robust, accurate and scalable lending solution to the Telos EVM ecosystem. My hat goes off to both teams for making this a reality for the Telos community. ”

Building Bridges with the Telos EVM

This partnership is yet another clear example of the irrepressible growth within the Telos ecosystem. We wish to congratulate both DIA and OmniDex on their partnership and look forward to more collaborations in the future.

About OmniDex

OmniDex is an automated market-making (AMM) decentralized lending and exchange full-service decentralized trading platform built on the Telos EVM blockchain. It allows users to swap, farm, lend and earn rewards on the first native DEX DeFi protocol built on the Telos EVM. By choosing this super-fast, scalable network, OmniDex offers investors low-cost rapid transactions and enables them to avoid many of the potential pitfalls of investing on other networks. The ultimate goal for OmniDex is to provide a full service, a decentralized trading platform that is easy to understand, simple to use and accessible to all.

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About DIA

DIA (Decentralised Information Asset) is a cross-chain, open-source oracle platform for the DeFi ecosystem. DIA leverages crypto-economic incentives to drive supply, share and use transparent, crowd-verified price data and oracles on financial and digital assets. DIA’s data sources and methodologies are transparent and publicly accessible to everyone.

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Homepage | DIA Token | DIA DAO | DIA Labs | Twitter | Telegram |YouTube

About Telos

The Telos EVM is the most powerful and scalable Ethereum Smart Contract platform built to power Web 3.0. Telos features a robust, third-generation, ESG compliant evolutionary blockchain governance system, including smart contracts, advanced voting features, and flexible and user-friendly fee models. In addition, Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through development grants. Come build with us.

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