DIA Rolls Out Cost-Free Oracles via Staking and Grants on 15+ Chains
DIA, the trustless oracle network powering DeFi and RWA, today launches its mainnet staking program and unveils the multichain 'Oracle Grants' initiative. In collaboration with 15+ leading chains like Arbitrum and Avalanche, DIA is removing financial hurdles for builders and fueling a new wave of dApp deployments.
DIA's Oracle Solution: Available Cost-Free on 15 Blockchains
Through strategic partnerships, DIA's Oracle Grants Program provides projects on over 15 participating blockchains with subsidized oracle infrastructure, covering oracle costs for up to 12 months. Developers across major ecosystems, such as Arbitrum and Avalanche, as well as new, disruptive chains like Somnia, gain immediate, free access to high-quality oracle services powered by DIA's fully onchain and trustless oracle stack, Lumina.
DIA's grants model was first piloted on Arbitrum through the 'Oracle Gasdrop' backed by a 30,000 $ARB grant. The initiative triggered a rapid uptick in new dApp deployments, proving how targeted incentives can directly accelerate ecosystem growth. The model complements Arbitrum's broader strategy to fund public goods, as seen in its ArbiFuel program. 'Removing cost barriers for builders is key to unlocking innovation. DIA's model is a powerful example of how ecosystem funding can drive real impact' said Ben Greenberg, DevRel at the Arbitrum Foundation.
Staking Reinvented with DIA's Circular Incentives for Oracles
DIA's staking initiative deploys more than two million $DIA tokens, fueling the circular incentive structure:
Tokens are staked to secure DIA's oracle rollup network, 'Lasernet'
Generated staking rewards power oracle usage costs for partner chain ecosystems, eliminating barriers for developers
Network fees generated through increased oracle adoption are fed back into DIA Lasernet, incentivising stakers and reinforcing network security.
Each participating blockchain has a dedicated staking vault, ensuring rewards directly bolster oracle operations for chain-native dApps, promoting targeted and scalable ecosystem expansion.
'Staking on Lumina is not just about yield—it's about utility and alignment,' said Zygis Marazas, Head of Product at DIA. 'Every DIA oracle update is an on-chain transaction on Lasernet, every transaction's fee is reinvested into the system, and every staker plays a critical role in securing our data pipeline. This cryptoeconomic security is essential for our fully trustless oracle network, and we're just getting started.'
About DIA
DIA (Decentralized Information Asset) is an open-source financial data platform delivering fully verifiable, trustless oracles for DeFi, RWAs, and web3 applications. With its modular, onchain architecture, DIA redefines the industry standard for oracle transparency, security, and efficiency.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
Oracle Corporation (ORCL) Outpaced the S&P 500 in 2025 with Robust Cloud Business
Oracle Corporation (NYSE:ORCL) is one of the Best Dividend Stocks of 2025. A team of IT professionals meticulously crafting a large-scale enterprise performance management system. Oracle Corporation (NYSE:ORCL) shares had their strongest week in over two decades, ending June 13, as investors responded positively to a strong earnings report and optimistic outlook for the company's cloud computing business. The last time the company experienced a better weekly performance was back in April 2001, during the dot-com bust, when brief market rebounds were frequent. At that time, Oracle shares had dropped nearly 50% in the preceding quarter. Today, Oracle Corporation (NYSE:ORCL) is in a very different position. Although it was once seen as a latecomer to the cloud infrastructure space, the company has successfully carved out a niche— especially in supporting clients with artificial intelligence workloads— and is now experiencing rapid growth in that area. Larry Ellison, Oracle Corporation (NYSE:ORCL)'s chairman, made the following comment: 'The demand is astronomical. But we have to do this methodically. The reason demand continues to outstrip supply is we can only build these data centers, build these computers, so fast.' Oracle Corporation (NYSE:ORCL)'s dividend policy is also garnering attention. The company has paid regular dividends to shareholders since 2009 and currently pays a quarterly dividend of $0.50 per share. The stock supports a dividend yield of 0.94%, as of June 26. Oracle Corporation (NYSE:ORCL) has surged by nearly 27% since the start of 2025. While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None.
Yahoo
4 hours ago
- Yahoo
Google swipes Oracle alum for cloud CFO
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Oracle finance executive Kobi Bar-Nathan took the role of CFO for Google Cloud, effective this month, according to his LinkedIn profile. A five-year alum of Oracle, Bar-Nathan most recently served as the software provider's CFO and SVP finance, Oracle Cloud Infrastructure. The appointment comes after Google Cloud revenues skyrocketed by 28% during Google parent Alphabet's most recent quarter, according to earnings results published in April. Revenues for the segment hit $12.3 billion for the quarter ended March 31, led by growth in Google Cloud Platform core and AI-related products which was 'much higher than Cloud's overall revenue growth rate,' Alphabet CFO Anat Ashkenazi said during the company's earnings call. An experienced financial executive in the cloud industry, Bar-Nathan's past experience includes 10 years at Microsoft, serving in such roles as finance director, Microsoft Cloud Infrastructure and group finance manager, cloud and enterprise COGs, according to his LinkedIn. He also served a seven-year tenure at Intel as a finance manager and in roles at the company's semiconductor fabricators in Israel. Bar-Nathan's appointment comes as rising demand for AI infrastructure drives up competition in the cloud industry— fueling a rush in data center spending from top players including Google Cloud, Amazon Web Services, Microsoft and Meta. Those four companies accounted for 44% of data center capital investments for the first quarter of the year, as Q1 data center capital expenditures rose by 53% year-over-year to reach $153 billion, CFO Dive sister publication CIO Dive previously reported. Altogether, AWS, Google Cloud and Microsoft plan to invest over $250 billion in such buildouts this year to help meet expanding AI processing power demands, CIO Dive reported. For the company's first quarter, Alphabet reported $17.2 billion in capital expenditures, 'primarily reflecting investment in our technical infrastructure, with the largest component being investment in servers, followed by data centers to support the growth of our business across Google Services, Google Cloud, and Google DeepMind,' CFO Ashkenazi said during the company's earnings call, according to a transcript. The company expects its jump in capex over the past few years to put continued pressure 'on the P&L, primarily in the form of higher depreciation,' Ashkenazi said during the call. 'In the first quarter, we saw 31% year-on-year growth in depreciation from the increase in technical infrastructure assets placed in service.' The jump in AI spending also comes as the industry looks to navigate continued tariff uncertainty and regulatory changes that could impact its potential future growth. President Donald Trump's back-and-forth on potential tariffs that could be levied against foreign semiconductor imports — the chips that drive AI processes — has sparked unease inside the tech industry, as well as in other spaces that rely on such chips, including the automotive space, according to a report by Bloomberg. Google did not immediately respond to a request for comment. Recommended Reading Hertz CAO takes interim CFO seat
Yahoo
4 hours ago
- Yahoo
OpenAI taps Google Cloud TPUs in bid to diversify AI chip supply
-- OpenAI has started using Google's (NASDAQ:GOOGL) artificial intelligence chips to help power ChatGPT and related services, marking its first significant shift away from exclusive reliance on Nvidia (NASDAQ:NVDA) hardware, according to a report by The Information. The move is part of a broader strategy by the AI company to reduce its dependence on Microsoft(NASDAQ:MSFT)-managed infrastructure. Through Google Cloud, OpenAI is renting Google's tensor processing units (TPUs) with the aim of cutting the costs associated with inference computing, the execution of models after training is completed. The decision could offer Google's TPUs a higher profile as a cost-effective alternative to Nvidia's widely used graphics processing units (GPUs), which dominate the AI sector. Previously, OpenAI sourced Nvidia chips primarily via partnerships with Microsoft and Oracle (NYSE:ORCL) to train and deploy its models. While Google is providing some TPU capacity, it is reportedly not offering its most powerful versions to OpenAI, according to sources cited by The Information. That limitation suggests Google's most advanced TPUs remain reserved for internal use, including work on its own large language models under the Gemini project. For OpenAI, access to earlier versions of the TPUs still represents a step toward infrastructure diversification amid growing industry demand. It's still unclear whether OpenAI will use Google chips for model training or limit them to inference workloads. As competition increases and resource constraints deepen, a hybrid-use infrastructure could provide new flexibility for scaling. The arrangement highlights the evolving dynamics of the AI hardware landscape, where companies like Google are leveraging years of investment in both software and custom silicon. For OpenAI, the addition of Google as a chip supplier broadens the ecosystem around its technology stack and addresses growing concerns over availability and cost of compute resources. Related articles OpenAI taps Google Cloud TPUs in bid to diversify AI chip supply - The Information UBS examines how this year's hurricane season could impact European reinsurers Bernstein weighs in on the path ahead for Japanese semiconductor equipment stocks Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
