Polkastarter is partnering with DIA (Decentralized Information Asset) as a part of its plan to decentralize DeFi and DeFi data sourcing products. With this partnership the Swiss-based, open-source oracle platform DIA will enable sourcing, verification, and use of data from its network participants in the Polkastarter Ecosystem.
One of the main goals of this partnership is to have DIA as the main provider of decentralized oracles for ERC-20 prices, which will be used for Polkastarter’s high slippage alert features. With DIA’s technology, pools on Polkastarter will have built-in alert systems that warn users if current prices are too high, or if a certain trade will incur significant slippage.
“DIA is the ideal oracle partner for Polkastarter, which needs quick access to price feeds that power high slippage alerts. Thanks to DIA integration our users can swap in a fair, transparent and secure environment.”, says Daniel Stockhaus, Polkastarter’s CEO on the new partnership.
In addition to this tech integration, Polkastarter is excited to announce that it will be a premiere fundraising partner for DIA Labs projects looking to raise funds. Projects supported by DIA Labs can use Polkastarter as their platform for private and public sales. Added benefits of DIA Labs projects fundraising on Polkastarter include being featured and recommended to the Polkastarter community of investors.
“Polkastarter is an exciting project — the idea of bringing a cross-chain compatible fundraising platform that leverages liquidity on various networks is another step towards an integrated DeFi ecosystem”, DIA’s Co-Founder Michael Weber says “We are happy to support Polkastarter’s journey by fueling their platform with transparent and auditable cross-chain data.”
Both Polkastarter and DIA will explore further business development and fundraising opportunities to support the DeFi ecosystem and foster a long term partnership on both technology and supporting future projects and teams building DeFi projects.
Polkastarter is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot.
With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.
DIA (Decentralised Information Asset) is an open-source, financial information platform that utilises crypto economic incentives to source and validate data. Market actors can supply, share and use financial and digital asset data.
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