Summary :
Add Diadata(Dia) as the second volatile asset to be used as collateral in delegated yVaults.
Abstract :
Add Diadata(Dia) as the second volatile asset to be used as collateral in delegated yVaults.
Motivation :
Additional assets are necessary in order to generate more revenue for the protocol and grow the ecosystem. This proposal nominates Dia as the second volatile asset to be used as collateral. While other tokens have polled higher, the strategy for Diahas already been developed and will be quicker to launch.
Rationale :
Diadata stakers currently incur regularly high gas costs when claiming minted Diarewards on a weekly basis. With the addition of Diato yVaults, smaller Diaholders will be able to either allow their rewards to compound or claim them on a regular basis at very low gas costs. This inclusive model will likely draw small and large Dia holders alike, further increasing AUM and driving fee generation for YFI holders. While other tokens have polled higher, the strategy for Dia has already been developed and will be quicker to launch as a vault.
Verified, transparent market data for digital and traditional assets
DeFi and BMR ready Financial Data
All DIA data points can be used in Ethereum Smart Contracts. We provide oracle solutions to use this financial information in any smart contract. The correctness of oracle data can always be verified by monitoring our off-chain real-time API and the data published in the oracle
DIA provides financial institutions with a immutable and verified single source of financial
For : Add Dia as the second volatile asset to be used in delegated yVaults.
Against : Don’t add Dia