DIA has launched its multi-chain oracle for the Lumina ecosystem, seeking to compete directly against giants such as ChainLink and API3.
DIA, the blockchain oracle platform that has been on the market since 2019, has announced the launch of its new oracle infrastructure called Lumina. This project, which already has a test version (testnet), seeks to revolutionize the way data is handled in the Ethereum ecosystem and beyond. Lumina is a modular solution that improves transparency, scalability, and integration flexibility, thus addressing common problems of existing oracles on the market.
Oracles are critical components in the world of decentralized finance (DeFi) and smart contracts, providing real-world data to blockchains. However, many current oracles suffer from opacity in the origin and flow of data, which can compromise the reliability and accuracy of the information. Lumina, on the other hand, offers complete visibility of the process, from the origin of the data to its final calculation, which generates a higher level of trust.
Modular architecture and transparency
Lumina's architecture is distinguished by its modularity and transparency. Unlike solutions such as chainlink y API3Lumina supports multiple messaging protocols and is compatible with non-EVM (Ethereum Virtual Machine) chains, making it more versatile. Additionally, Lumina offers full data traceability, allowing users to see the entire journey of information from its origin to its final processing.
Zygis Marazas, Product Manager at DIA, explains: “Users can clearly see the entire data journey, from source to final price calculation.” This transparency is crucial to building trust in the reliability and accuracy of the data. For example, if a DeFi project needs the price of a specific token, Lumina will not only provide the price but also a detailed explanation of how that information was obtained and processed.
Scalability and security
To improve scalability, Lumina uses an optimistic rollup based on the OP Stack, called LasernetThis rollup takes care of data availability using Celestia, making it an optimium, the optimistic equivalent of a validium. Marazas highlights that the DIA team was impressed by Celestia’s roadmap, which promises one-gigabyte blocks, offering scalability benefits that outweigh the minimal risks introduced by reliance on this technology.
Lumina’s security relies on staking and slashing mechanisms. While the testnet will initially rely on whitelisted data issuers, DIA plans to gradually open up participation to anyone in 2025. This will include the introduction of staking and slashing mechanisms to ensure data accuracy. “The vision of our protocol is that it will eventually run without the core team being involved”, says Marazas.
Flexibility and autonomy
Lumina is highly flexible and allows users to choose the data delivery model that best suits their needs. It can operate in either a push or pull model. In the pull model, users can request pricing on demand, while in the push model, updates are delivered efficiently. This flexibility is particularly valuable for developers working on emerging rollups and specialized blockchain ecosystems, where speed and autonomy are crucial.
Jaabari, co-founder of Silo Finance, highlights: “Having control over the oracle is as important as the data source itself, as there is no one-size-fits-all method for assets.”This functionality will allow a wide range of assets, including niche tokens, to be integrated into the DeFi ecosystem. “Technically, you can create a permissioned oracle on a Layer 2 for any tokenized asset”, explains Jaabari.
Integration with Non-EVM blockchain
Lumina is not limited to EVM chains and supports non-EVM ecosystems such as Cosmos and Move-based chains. It uses Hyperlane as a cross-chain messaging protocol, although it can work with other standards if needed. This compatibility significantly expands Lumina’s reach, allowing for data integration across a variety of blockchains.
In addition, Lumina integrates a wide variety of data sources, including blockchain networks and external APIs. This ensures broad and accurate coverage. «You can get data from any source, both on-chain and off-chain, from the hundreds of sources that exist in the market», says Marazas. The platform uses zero knowledge components to verify data and ensure the transparency of the calculations performed.
For example, if a DeFi project needs the price of a specific token on a given blockchain, Lumina can obtain the data from multiple sources, including decentralized exchanges (DEXs) and centralized exchanges (CEXs), and then process and verify that information transparently. This not only improves the accuracy of the data, but also increases users’ trust in the platform.
Tokenomics and community participation
Lumina’s tokenomics are designed to foster community participation and long-term sustainability. DIA’s native token, $DIA, plays a crucial role in the operation of the platform. Nodes and stakers can stake $DIA to improve network security and receive rewards for their contribution. Additionally, revenue generated from the use of oracles can be used to support a sustainable tokenomic model, including buying back $DIA tokens to increase their value and redistributing funds to stakers.
Additionally, the $DIA token is also used as a gas token, meaning that users pay transaction fees in $DIA. This not only increases the functional utility of the token but also creates an interconnected economic ecosystem that benefits all participants.
On the other hand, Lumina’s launch will be carried out in several phases to ensure a smooth and secure transition. The first phase includes test staking and the launch of the DIA Lasernet testnet, allowing users to explore the chain and test the first oracles on the new stack. The second phase will involve staking on the DIA Lasernet mainnet, with a closed launch that will include selected node providers and partners, ensuring the stability and security of the network.
Finally, in the third phase, any market participant will be able to join the decentralized oracle network and establish data collection nodes. This complete openness will allow for greater decentralization and autonomy, aligning with DIA’s vision of creating a truly decentralized and transparent oracle network.
