Blockchain oracle provider DIA has launched DIA Value, a new oracle designed to calculate the intrinsic value of digital assets that lack liquid secondary markets, aiming to address a growing pricing gap in decentralized finance.
The launch comes as tokenized treasuries, liquid staking tokens and yield-bearing stablecoins collectively represent more than $100 billion in onchain capital, according to data from RWA.xyz and DeFiLlama.
Traditional oracles typically aggregate market prices from exchanges. But that approach can become unreliable when assets trade infrequently or maintain thin liquidity.
"Oracles were built to answer one question: how is the market valuing this asset?" said Dillon Hanson, Head of BizDev at DIA. "But when most institutional assets entering DeFi don't trade on secondary markets, you need infrastructure that answers a different question: what is this asset fundamentally worth? That's what Value does."
Market Pricing Risks In DeFi Infrastructure
The risks of relying on market-based pricing became visible on October 10 last year, when roughly $19 billion in leveraged DeFi positions were liquidated within 24 hours as stressed market data flowed through oracle systems and triggered automated liquidations. For illiquid assets, thin order books can allow price manipulation or inaccurate valuations that ripple through lending markets and collateral systems.
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DIA Value addresses this by calculating value directly from underlying protocol data.
For example, the oracle can price yield-bearing assets such as stETH by reading redemption rates from smart contracts rather than relying on thin market trading.
"satUSD+ is a yield-bearing stablecoin, and its value is defined by what the protocol's staking contract actually pays out, not by what someone last traded it for on a DEX," the River team said.
Building Infrastructure For Tokenized Finance
DIA says the model mirrors valuation methods long used in traditional finance, including net asset value calculations and reserve verification for illiquid assets.
"Traditional finance solved illiquid asset pricing decades ago with NAV calculations, mark-to-model frameworks, and reserve verification," said Zygis Marazas, Head of Product at DIA.
The oracle is already integrated with DeFi platforms including Euler, Morpho, Silo and Hydration, supporting use cases ranging from lending markets to stablecoin reserve verification as tokenized assets expand across decentralized finance.
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