Most oracles price what trades. $100B+ in DeFi doesn’t.

Tokenized treasuries, yield-bearing stablecoins, and liquid staking tokens sit largely outside the reach of market-based oracles. DIA just built the infrastructure to change that.

The Problem

A market oracle does exactly what the name suggests. It reads the market. Last trade, last price, done.

That works when assets are liquid and order books are deep.

But a growing class of digital assets tokenized treasuries, fund NAVs, yield-bearing stablecoins, liquid staking tokens, barely trade at all. Their value lives inside smart contracts, collateral reserves, and redemption mechanisms. There is no order book to read.

When protocols try to price these assets through standard market-based feeds, they get thin, stale, and distorted data. In stressed conditions, that mismatch becomes a systemic risk.

It already happened

On October 10, 2025, roughly $19 billion in leveraged DeFi positions were liquidated within 24 hours.

Stressed market data passed through oracle feeds triggered cascading liquidations across multiple protocols.

The core failure: prices based on market activity during a liquidity crunch don’t reflect what an asset is actually worth. They reflect panic. And every protocol relying on that data inherits the panic.

Introducing DIA Value

DIA Value is an intrinsic valuation oracle built for assets where market prices are an unreliable signal.

Instead of reading last-traded prices, it reads the underlying data that actually determines an asset’s worth.

For staking derivatives like stETH, the oracle pulls redemption rates directly from the protocol’s smart contracts. The price it outputs reflects what the token can actually be redeemed for not what it last sold for on a thin DEX.

The same logic extends to tokenized treasuries, yield-bearing tokens, and reserve-backed assets. Each asset class gets a valuation model matched to its actual mechanics.

How it works

  • Liquid Staking Tokens: redemption rates pulled directly from protocol smart contracts

  • Yield-bearing stablecoins: value derived from reserve composition and accrual mechanics

  • Tokenized treasuries and RWAs: NAV-based valuation using first-party reserve data

    Every data point is sourced on-chain and fully verifiable. No off-chain computation black boxes. No intermediaries between the source and the feed output.

Already live

DIA Value is in production across lending, collateral, and tokenized Bitcoin infrastructure protocols.

  • Euler

  • Morpho

  • Silo Finance

  • Hydration

  • Hemi Network

These are lending markets and collateral systems that hold significant on-chain TVL, exactly the environments where a miscalculated price does the most downstream damage.

The bigger picture

DIA Value doesn’t replace DIA’s existing market oracle. It complements it.

DIA already tracks pricing for over 3,000 liquid digital assets with active trading. Value extends that infrastructure to the $100B+ in on-chain capital that standard oracles can’t reliably price.

Together, they form a complete oracle stack. One that covers DeFi as it exists today and institutional DeFi as it’s being built.

Oracle selection is a security decision. DIA Value gives protocols an on-chain, auditable, and manipulation-resistant option for the asset class that needed it most.