Kintsugi (KINT) API and Price Oracle

Kintsugi

KINT
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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Token:...KINT
Network
Blockchain network where the asset is deployed
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Kintsugi
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Kintsugi (KINT)?

Kintsugi (KINT) is a blockchain project aiming to enhance the decentralized finance (DeFi) space. Its purpose is to create a robust and secure platform for users to engage in lending, borrowing, and other financial activities without the need for intermediaries. KINT was founded in 2021 with the goal of fostering financial inclusivity and sustainability. The project draws its name from the traditional Japanese art of repairing broken pottery using gold, symbolizing resilience and transformation.

How does Kintsugi work?

Kintsugi is an ancient Japanese art form that involves repairing broken pottery with a special lacquer mixed with gold, silver, or other precious metals. The underlying technology behind Kintsugi is not directly linked to blockchain. However, in recent years, there has been a project called Kintsugi Protocol that aims to combine blockchain technology with the principles of Kintsugi.

As for the blockchain used in the Kintsugi Protocol, it is generally built on Ethereum or other similar platforms. The functioning of the protocol involves several steps. First, broken or fragmented data, such as digital files or records, are divided into smaller pieces, known as shards. These shards are then encrypted and distributed across multiple nodes or computers within the blockchain network.

To repair or reconstruct the fragmented data, the Kintsugi Protocol utilizes the concept of consensus mechanisms, such as proof-of-stake or proof-of-authority. These mechanisms ensure that the shards are reassembled correctly and that the repaired data maintains integrity and authenticity.

The use of blockchain technology in Kintsugi aims to provide a decentralized and secure way of preserving and restoring digital information. By leveraging the immutability and transparency of blockchain, Kintsugi Protocol offers a resilient and tamper-proof solution for data recovery and restoration.

It is worth mentioning that while the Kintsugi Protocol draws inspiration from the philosophy of Kintsugi, it should not be construed as an exact replication of the traditional art form. Instead, it serves as a metaphorical representation of resilience and reparation in the digital realm, highlighting the potential of blockchain technology in data management and protection.

What are the benefits of Kintsugi?

Kintsugi is a traditional Japanese technique of repairing broken pottery using gold or silver lacquer, resulting in visually striking and unique pieces. Compared to its direct competitors in the realm of pottery repair, Kintsugi offers several distinct benefits.

One of the notable advantages of Kintsugi is its emphasis on the concept of embracing imperfections. Rather than concealing the cracks and breaks, Kintsugi celebrates them by highlighting them with metallic materials. This approach adds to the beauty and uniqueness of the repaired object, turning it into a work of art that tells a story of resilience and transformation. Competing methods of repair often prioritize seamlessly restoring the item to its original state, which may overlook the opportunity to create something visually captivating and meaningful.

Another benefit of Kintsugi lies in its ability to extend the lifespan and functionality of damaged pottery. By skillfully mending the broken pieces, Kintsugi allows the object to return to use, thus reducing waste and promoting sustainability. In contrast, some alternatives to Kintsugi involve discarding the damaged object altogether or using less durable repair techniques that may result in shorter lifespans.

Furthermore, Kintsugi offers a deeper philosophical value by incorporating the principles of wabi-sabi, which is the acceptance and appreciation of impermanence and transience. By embracing the imperfect nature of the repaired pottery, Kintsugi encourages a shift in mindset and a deeper appreciation for the passage of time and the beauty found in flaws. Competing repair methods may focus solely on restoring functionality without considering the emotional and philosophical aspects associated with imperfection.

In summary, Kintsugi distinguishes itself from its direct competitors in pottery repair by celebrating imperfections, extending the lifespan of objects, and incorporating deeper philosophical values. Its ability to transform broken pottery into visually striking works of art and its promotion of sustainability make it a unique and compelling option for those seeking to repair and reimagine damaged objects.

What is Kintsugi used for?

Kintsugi, also known as "golden joinery," is a Japanese art and technique used for repairing broken pottery. Instead of trying to hide or disguise the cracks, Kintsugi embraces them and makes them a focal point of beauty. The broken pieces are meticulously reassembled using a lacquer mixed with gold, silver, or other precious metals, highlighting the fractures with elegant lines of metallic shimmer.

Kintsugi serves both practical and symbolic purposes. On a practical level, it restores the functionality of the broken object, allowing it to be used again. The technique strengthens the pottery and prevents further damage.

Symbolically, Kintsugi carries a deeper meaning. It represents the acceptance of imperfection and the beauty that can arise from adversity. The repaired piece becomes a unique artwork, telling a story of resilience and transformation.

Common cases for Kintsugi include restoring antique ceramics, traditional tea bowls, and family heirlooms. It is also utilized in contemporary ceramic art, where the deliberate incorporation of the repairs adds artistic value.

One particular case where Kintsugi holds significant cultural and historical importance is with regards to Japanese tea ceremony utensils. Tea bowls used in the tea ceremony are often cherished heirlooms passed down through generations. When these bowls are accidentally damaged, Kintsugi is used to restore and honor their heritage. By mending the vessels with gold, the cracks become a testament to the bowl's journey and history.

In conclusion, Kintsugi is a traditional Japanese art form used for repairing broken pottery. It celebrates imperfection and turns the damage into an aesthetic feature. While it is commonly used to restore antique ceramics and traditional tea bowls, it also finds its place in contemporary art. Through Kintsugi, broken objects gain new life and tell stories of resilience and beauty.

What is DIA's Kintsugi API?

DIA's Kintsugi API is part of their comprehensive suite of API endpoints that provide real-time price feeds of crypto assets. These price feeds are constructed utilizing raw data from a vast network of over 85 on-chain and off-chain cryptocurrency and NFT exchanges. This extensive data collection allows DIA to offer price feeds that stand out among other web3 data providers.

While DIA does provide free API endpoints for developers to test, they also emphasize the value and importance of their custom feeds. These custom feeds can be tailored according to specific requirements, such as preferred sources, methodologies, and update mechanisms. To request a custom feed, interested parties can reach out to DIA through their Discord or Telegram channels.

The use cases for DIA's APIs are diverse and span across the blockchain ecosystem. In the DeFi realm, the price information from DIA's APIs can be instrumental in derivatives, options, futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi space, the APIs can facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other innovative applications.

Overall, DIA's Kintsugi API offers developers a range of possibilities for accessing accurate and reliable pricing data for various blockchain assets. While the free API endpoints serve as a starting point for testing, the ability to create custom feeds tailored to specific needs further enhances the usability and benefits for users in the blockchain ecosystem.

What is DIA's Kintsugi price oracle?

DIA's Kintsugi price oracle is a powerful tool that provides real-time price feeds for crypto assets. Integrated with over 35 layer 1 and layer 2 networks, DIA is able to deploy price oracles across multiple blockchains. What sets DIA apart is its extensive data sourcing. By aggregating raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, DIA ensures accurate and comprehensive price information.

While DIA offers demo oracles for developers to test, these are only for testing purposes and cannot be integrated into production applications. However, DIA also offers the option to request custom configuration for a dedicated price feed oracle. These custom oracles allow users to tailor their price oracle data feeds according to their specific requirements, including sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

DIA's custom oracles are particularly valuable for users, as they offer flexibility and customization to meet specific needs. These oracles open up a wide range of possibilities across the blockchain ecosystem. In DeFi applications, the price information from DIA's oracles can be used for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In NFTfi applications, the oracles enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and various other use cases.

A blockchain oracle, in general, is an external information provider that supplies verified data from outside the blockchain to smart contracts. It acts as a bridge between on-chain and off-chain data, ensuring the integrity and accuracy of external data utilized by smart contracts on the blockchain.

Overall, DIA's custom oracles offer users the ability to access tailored and reliable price feeds to support a wide range of blockchain applications.

Why use DIA's KINT API & price oracle?

DIA's KINT API and KINT Price Oracle offer numerous benefits for users within the blockchain ecosystem. By utilizing DIA's technology, individuals can gain access to accurate and dependable price data for cryptocurrencies and NFTs. The key advantage of incorporating DIA's API or Price Oracle for a specific token lies in the extensive customization options available. Each API endpoint and oracle can be tailored to meet the precise requirements of decentralized applications. These configurable settings encompass data sources composing the feed, data cleaning filters, pricing methodologies, and update mechanisms. Consequently, this customization ensures that the data and oracle remain robust and resilient against market conditions, supplying both global market and specific individual or cross-chain market prices.

The ability to customize allows for a tailored solution, ensuring adaptability to unique market conditions associated with chosen data sources. Another significant benefit of adopting DIA's API and Oracle feeds is the transparency they offer. DIA's API and oracles guarantee complete and detailed transparency throughout the entire data journey. Moreover, DIA furnishes a range of tracking and monitoring tools, enabling users to closely monitor their oracle and API feeds. These features provide users with confidence in the accuracy and reliability of the data they are accessing. Overall, by utilizing DIA's KINT API and KINT Price Oracle, users can enjoy the benefits of customization, transparency, and reliable data provision.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.