Yes, but in parallel you could go up to 40V if their single power input provide enough voltage and power.
Yes, assuming the source is powerful.
A side question: can this be achieved by 4 parallel 18650 li-ion batteries (using buck-boost converter)?
If MCU/digital control is required you have to isolate it on digital (before DAC/ADC looking from digital to analog section) or analog side (after the DAC/ADC section)
You mean powering the arduino by an isolated dc-dc converter? as well as DAC and ADC?
SiLabs has great isolators for attractive price
I only buy stuff from Aliexpress, thus I searched and found this one: ADUM1201 and ADUM1400 which is 4 channels (2 for each supply channel). Looks like it has this one from Silabs too: SI8660BA.
Looks like it is just up to 5v but I guess this is suitable since ADC\DAC won't go above. So now I can just power the MCU via any means then get the signal (SPI,I2C) from it to this IC then to DAC. The same for ADC too. Is this method correct?
However, I guess you could use one IC per channel since you don't want to mix the voltages between them, is it correct?
Some sort of isolation between MCU and more then one power channels is required anyway if you'd like to have two separated floating power output.
Isn't this achieved already by using digital isolators between ADC\DAC and MCU for each channel? while MCU itself could be powered directly from the battery pack.
I have a design that is working in LTSPICE here in the forum, with cooperation with kelinstein if you would like to take a look.
_________________
EDIT: I have attached the design image quickly.