Yield Monitor fused the DeFiChain: Get Insights into On-chain Metrics
Yield Monitor is integrating DeFiChain to allow investors get insights into on-chain metrics
The multi-chain portfolio tracker for DeFi investors, Yield Monitor, announced the integration of the DeFiChain (DFI) blockchain into the Yield Monitor database, making it the platform’s second non-EVM mainnet integration. Being the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, DeFiChain is attracting integrations from different blockchains for on-chain data metrics.
DeFiChain joins Algorand (ALGO), Avalanche (AVAX), Binance (BNB), Ethereum (ETH), Fantom (FTM), and Polygon (MATIC) networks that have been incorporated into the Yield Monitor database.
“We’re thrilled to be building a relationship with the DeFiChain organization. The community is very dedicated and supportive of the various builders and creators bringing value to the ecosystem. It’s a privilege to be adding DeFiChain to our database and we’re eager to begin building long-term, collaborative relationships with DFI investors and existing teams in the coming months,” said Yield Monitor’s CEO Christophe Dupont.
The integration will enable users to gain insights into the on-chain metrics around DeFiChain. Investors and developers will be able to trail assets held in wallets on the DeFiChain blockchain and also route cross-chain transactions to optimize price and efficiency.
“We were excited to see the progress Yield Monitor has made in a short amount of time, especially with a small team. This speaks to the quality of their product and their dedication towards building a powerful database infrastructure foundation. We are excited to see the features they are preparing for DeFi investors and their utility in building a truly accessible, multi-chain DeFi community — one in which DeFiChain will play a large role,” commented Mark Pedevilla, DeFiChain Ambassador and News Anchor.
Importance of DeFiChain for investors
The DeFiChain project is an open-source blockchain initiative with the goal of providing everyone with access to DeFi services that are quick, intelligent, and transparent. It is maintained by a community of developers all around the world, and it is made up of a global team of core contributors. Due to the fact that DeFi is not Turing complete, transactions on DeFiChain are able to proceed swiftly and without hiccups, at low gas rates, and with a reduced risk of errors in smart contracts.
DeFiChain is an open-source Proof-of-Stake blockchain that was developed as a hard fork of the Bitcoin network in order to support more sophisticated DeFi applications. DeFiChain provides liquidity mining, staking, distributed assets, and distributed loans. The goal of the DeFiChain Foundation is to include DeFi in the Bitcoin ecosystem.
Yield Monitor: The portfolio tracker offers high-grade visualization
Yield Monitor is a multi-chain portfolio tracking database toolbox designed for use by developers and investors in the DeFi ecosystem. In the form of wallet tracking and visual charting tools, it provides a variety of assets, liquidity pools, and yield farm performance statistics. The team is currently working on developing additional features, such as temporary loss tools, order book and transaction volume measurements, and asset listings, which will allow users to monitor comparable liquidity pools and yield farms across a variety of protocols.
The post Yield Monitor fused the DeFiChain: Get Insights into On-chain Metrics appeared first on Analytics Insight.
Yield Monitor is integrating DeFiChain to allow investors get insights into on-chain metrics
The multi-chain portfolio tracker for DeFi investors, Yield Monitor, announced the integration of the DeFiChain (DFI) blockchain into the Yield Monitor database, making it the platform’s second non-EVM mainnet integration. Being the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, DeFiChain is attracting integrations from different blockchains for on-chain data metrics.
DeFiChain joins Algorand (ALGO), Avalanche (AVAX), Binance (BNB), Ethereum (ETH), Fantom (FTM), and Polygon (MATIC) networks that have been incorporated into the Yield Monitor database.
“We’re thrilled to be building a relationship with the DeFiChain organization. The community is very dedicated and supportive of the various builders and creators bringing value to the ecosystem. It’s a privilege to be adding DeFiChain to our database and we’re eager to begin building long-term, collaborative relationships with DFI investors and existing teams in the coming months,” said Yield Monitor’s CEO Christophe Dupont.
The integration will enable users to gain insights into the on-chain metrics around DeFiChain. Investors and developers will be able to trail assets held in wallets on the DeFiChain blockchain and also route cross-chain transactions to optimize price and efficiency.
“We were excited to see the progress Yield Monitor has made in a short amount of time, especially with a small team. This speaks to the quality of their product and their dedication towards building a powerful database infrastructure foundation. We are excited to see the features they are preparing for DeFi investors and their utility in building a truly accessible, multi-chain DeFi community — one in which DeFiChain will play a large role,” commented Mark Pedevilla, DeFiChain Ambassador and News Anchor.
Importance of DeFiChain for investors
The DeFiChain project is an open-source blockchain initiative with the goal of providing everyone with access to DeFi services that are quick, intelligent, and transparent. It is maintained by a community of developers all around the world, and it is made up of a global team of core contributors. Due to the fact that DeFi is not Turing complete, transactions on DeFiChain are able to proceed swiftly and without hiccups, at low gas rates, and with a reduced risk of errors in smart contracts.
DeFiChain is an open-source Proof-of-Stake blockchain that was developed as a hard fork of the Bitcoin network in order to support more sophisticated DeFi applications. DeFiChain provides liquidity mining, staking, distributed assets, and distributed loans. The goal of the DeFiChain Foundation is to include DeFi in the Bitcoin ecosystem.
Yield Monitor: The portfolio tracker offers high-grade visualization
Yield Monitor is a multi-chain portfolio tracking database toolbox designed for use by developers and investors in the DeFi ecosystem. In the form of wallet tracking and visual charting tools, it provides a variety of assets, liquidity pools, and yield farm performance statistics. The team is currently working on developing additional features, such as temporary loss tools, order book and transaction volume measurements, and asset listings, which will allow users to monitor comparable liquidity pools and yield farms across a variety of protocols.
The post Yield Monitor fused the DeFiChain: Get Insights into On-chain Metrics appeared first on Analytics Insight.
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