DeFi Potential

Züs (formerly 0Chain) is pleased to announce its integration with DIA, an open-source oracle platform to supply, share and use transparent, crowd-verified price data and oracles for DeFi applications and DeFi growth.

With over $50B locked into DeFi contracts, an exponential DeFi growth from just over $2B a year ago, users depend on smart contracts interacting with data that is accurate and reliable. Züs provides secure, auditable data storage enabling DeFi applications to leverage smart contracts that call upon verifiable data.

Chad Hanson, Züs Head of Marketing & Communications, states that “this collaboration allows for data pricing to be transparent and easily accessible for developers and enterprises alike. We are excited about the future of this collaboration and the potential it holds in expanding our role as the dStorage layer across blockchains in a chain-agnostic manner”

Data storage for DeFi applications

Züs and DIA will integrate to provide transparent data storage for DeFi applications while also streaming storage metadata and allocation pricing via DIA oracle nodes. Through this, Züs acts as the storage layer for distributed applications while also having its prices, metrics, and data publicly available for developers to leverage. Stay tuned for more updates over the course of the year as we progress in our integration phases.

Michael Weber, DIA Association President, comments “We are very excited to partner with Züs to deliver transparent data feeds to their unique decentralised storage architecture. Züs not only aims to bring enterprise-grade retrieval speeds to decentralized storage but also a marketplace for data storage where multiple server bid their storage capacity for users to consume.”