Proposal: Add Diadata(Dia) to yVaults

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

I think we should add Dentacoin before DIA.

1 Like

Who worked on this strategy exactly? Where can we see it? Was that something you talked about with Andre in private?

*Changed title.

2 Likes

Dia What is DIA about?

Welcome to the DIAdata.org platform. DIA is an ecosystem for open financial data in a financial smart contract ecosystem. The target of DIA is 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.