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Oracle Integration

To ensure accurate and real-time data across multiple blockchain networks, Kylix integrates with DiaData, a decentralized oracle provider that delivers reliable price feeds and market data for decentralized finance (DeFi) applications.

DiaData provides decentralized, transparent, and verified data feeds essential for Kylix’s cross-chain lending ecosystem. By leveraging DiaData, Kylix ensures that critical information, such as asset prices and collateral values, is consistently accurate, helping to maintain fair and stable lending and borrowing conditions.

How it works in Kylix​

  • Collateral valuation: DiaData’s oracles feed real-time market prices into Kylix, ensuring that collateral assets are accurately valued at all times. This helps maintain fair Loan-to-Value (LTV) ratios, reducing the risk of incorrect liquidations due to outdated or manipulated prices
  • Automated liquidation: during volatile market conditions, DiaData’s price feeds trigger Kylix’s automated liquidation process for under-collateralized loans. This functionality safeguards lender assets and ensures borrowers are fairly treated
  • Cross-chain compatibility: as Kylix operates across multiple blockchain networks, DiaData’s multi-chain support aligns perfectly with Kylix’s cross-chain infrastructure, providing consistent data across the supported networks

Key Benefits​

  • Decentralized and transparent: unlike centralized data providers, DiaData uses decentralized data collection methods, reducing the risk of data manipulation and ensuring that Kylix operates with fully transparent data
  • Resilient data sources: DiaData aggregates data from multiple reliable sources, ensuring resilience against single points of failure and providing Kylix users with accurate and stable information
  • Flexible, multi-chain support: DiaData’s flexible integration enables Kylix to maintain consistency in data accuracy across all supported blockchain networks