The post Chedda Finance Partners with DIA for Reliable Price Feeds in Lending Pools appeared on BitcoinEthereumNews.com.

Location, December 5, 2024 — Chedda Finance, a cross-chain lending platform designed for AI, agents, memecoins, and emerging markets, has announced a strategic partnership with DIA, a leading open-source oracle network, to integrate reliable, cross-chain price feeds into its lending pools. This collaboration enhances the accuracy, transparency, and security of asset pricing across Chedda’s lending ecosystem as the platform prepares for its mainnet launch on BASE. DIA, known for its trustless and customizable data oracles, offers accurate pricing solutions for a wide array of assets, including tokens, liquid staking tokens (LSTs), real-world assets (RWAs), and even random number generation. With DIA’s ability to aggregate data from multiple blockchain networks, Chedda Finance is equipped to support seamless lending and borrowing activities for assets across different chains. This partnership underscores Chedda’s commitment to creating a versatile and reliable DeFi lending platform that accommodates a diverse range of assets and user needs. By integrating DIA’s cross-chain price feeds, Chedda Finance ensures that users can access accurate, real-time pricing data for their assets, regardless of the network they originate from. This capability is crucial for enabling efficient lending and borrowing decisions, safeguarding against pricing discrepancies, and maintaining the integrity of the platform’s lending pools. Accurate price feeds reduce the risk of liquidation errors and bolster the confidence of both liquidity providers and borrowers. As a milestone in this collaboration, DIA deployed the first oracle on the Base Sepolia testnet, marking a significant step toward the full integration of price feeds on Chedda’s platform. This deployment allows Chedda Finance to rigorously test and optimize DIA’s price feeds in a controlled environment before the mainnet launch. The successful implementation of DIA’s oracles in the testnet ensures that Chedda’s infrastructure is robust and capable of supporting cross-chain lending at scale. The partnership with DIA also reinforces Chedda…

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Filed under: News - @ December 17, 2024 11:25 pm