Lokr incorporates DIA’s oracle feeds

Furthering its association with DIA, Lokr has gone ahead and incorporated DIA’s oracle feeds which open the doors towards event-oriented distribution inside of its platform. This will be instrumental in completely changing the way digital assets are presently disbursed as well as controlled. The association will also prove to be a landmark in terms of Lokr being in the position of working on Vault v2 and providing all of its connected users with innovative solutions. 

Through the incorporation, Lokr will be bringing in event-oriented disbursement. It will be set off by real-world price feeds that come with digital assets. In this scenario, it will be made possible for the connected users to be able to utilize their tokens for disbursement when the price increases to the required height.

In the meantime, the DIA oracles will be playing their role and updating Lokr regarding dependable and calculated data. Users, in turn, will reap the benefits of better control over their assets and taking advantage of favorable market situations. Through this association, Lokr will have the opportunity to integrate further event-oriented feeds in times to come. Users will also have the option of selecting their own volume ceilings, as well as market index fluctuations and particular events pertaining to the blockchain ecosystem.  

The latest feature will be duly protected by the clear data feed oracles of DIA. The feeds have been created with the help of the granular trade data, which belongs to more than eighty sources of data collection, such as the CExs, as well as the DEXs. This brings about the building of a customized price oracle that meets the requirements of Lokr.  

Lokr is the initial all-inclusive and multi-chain token-locking platform. It comes with an in-built privacy feature. The products in its arsenal are Swaper, as well as Vault, Bridge, and Mintr. All of this help strengthen the faith factor in the DeFi arena. It will carry on being involved in working on its event-oriented disbursement proficiency and thus offer a healthy and effective toolkit to its connected users for the maximization of their asset disbursement plans.   

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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