DIA launches testnet for Lumina, a brand new modular oracle

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DIA has launched the testnet for Lumina, its new modular oracle infrastructure aimed toward bettering transparency, scalability and integration flexibility. Designed to handle widespread points with present oracles, Lumina permits for knowledge aggregation, verification and supply throughout blockchains.

Its structure is distinguished from different oracle options equivalent to Chainlink and API3, given its help for a number of messaging protocols, compatibility with non-EVM chains and complete knowledge traceability.

Beforehand, entry to oracle knowledge’s origins and movement was usually opaque, however Lumina gives full visibility into your complete course of, based on Zygis Marazas, DIA’s head of product.

“Users can clearly see the entire data journey, from the source to the final price calculation,” Marazas instructed Blockworks. This strategy goals to construct belief in knowledge reliability and accuracy.

The testnet, which went reside right this moment, will restrict participation. Nonetheless, the mainnet is scheduled for launch in Q1 2025 and can function as a completely permissionless community. Along with nodes, new chains and property that want oracles companies can plug in with out direct involvement from DIA’s staff. This eliminates the necessity for guide onboarding processes.

“You can set up your own oracles if you wish, completely permissionlessly,” Marazas defined. This performance is anticipated to enchantment to builders engaged on rising rollups and specialised blockchain ecosystems, the place pace and autonomy are crucial.

This performance ought to allow the lengthy tail of property to make their approach into DeFi, Aiham Jaabari instructed Blockworks. Jaabari is the co-founder of Silo Finance, which makes use of DIA oracles.

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“Very few oracle providers provide data feeds beyond the blue chips — so that’s why we’re kind of excited about Lumina,” Jaabari mentioned. “Technically speaking, you can actually create an oracle permissionlessly on a [layer-2] for really any token asset.”

Lumina’s structure is designed to combine all kinds of information sources. By aggregating knowledge from a number of origins, together with blockchain networks and exterior APIs, Lumina ensures broad protection and accuracy.

“You can get data from any source — offchain or onchain — from the hundreds of feeds that exist right now in the market,” mentioned Marazas.

To boost scalability, Lumina employs an OP Stack-based rollup, known as Lasernet. For knowledge availability, Lumina makes use of Celestia, making its rollup an optimium — the optimistic rollup equal of a validium.

Marazas famous the staff was impressed by Celestia’s roadmap to at least one gigabyte blocks, and considers the scaling advantages to outweigh the minor threat launched by including a dependence, a view consistent with the broader modular pattern.

Whereas Lumina is optimized for Ethereum rollups, it’s also designed to help non-EVM ecosystems equivalent to Cosmos and Transfer-based chains. It makes use of Hyperlane as a cross-chain messaging protocol, however can work with different requirements if wanted.

Lumina’s flexibility extends additional with help for each push and pull fashions of information supply, permitting customers to decide on the strategy that most accurately fits their wants. “Some customers prefer [a] pull-based approach, where they can get prices on demand, but there are other cases where push-based [updates] can be more efficient,” he added.

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In the end, it’s the flexibleness that Silo’s Jaabari sees as a promoting level. “Having control over the oracle is as important as the feed itself because there’s no one methodology that fits all assets,” he mentioned.

Jaabari can also be a fan of the layer-2 technique, calling it “the cheapest way to process the data and make it available.”

Decentralization is a key a part of Lumina’s roadmap. Though the testnet will initially depend on whitelisted knowledge feeders, DIA plans to regularly open participation to anybody in 2025, introducing staking and slashing mechanisms to make sure knowledge accuracy.

“The vision of our protocol is that eventually it is going to run without the core team being involved,” mentioned Marazas.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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