Review on Dai by Eltun Həsənov
About dai
It seems that the comments made for DIA, the platform's token, which defines itself as verified and transparent oracles for the DeFi ecosystem, are positive. According to some names, DIA oken is among the 10 projects to be followed in the last period of 2020. Of course, in this case, DIA's being a DeFi token also has an effect.
However, DIA draws the attention of investors, drawing a very volatile price chart. Because even though volatile movements carry the risk of loss, the rate of gain is also high.
At this point, it will be useful to take a look at the DIA coin and the platform behind it.
Offering reliable oracles for decentralized finance, the DIA platform leverages crypto-economic incentives and community wisdom to obtain, validate and present reliable financial data. DeFi applications rely on secure and scalable data streams to build reliable products and avoid abuse and manipulation.
On the platform, the rewards for creating and validating data are funded by DIA tokens. All data is pulled from primary sources to DIA servers. The DIA database is hashed on-chain and all code and documents are hosted on Github. All data can be accessed via APIs or Oracle. Lending platforms, index providers, prediction markets and other users can then freely access DIA's open source, verified data streams.
In addition, it is stated that DIA's data feeds are open source and accessible. In addition, DIA data is verified by the entire stakeholder community. This means that market actors can send data requests and encourage the verification of feeds. In addition to these, the decentralized data source provides easy scalability.
Pros
- no bad side
Cons
- little good
