Unilend partnership with covalent

To provide users with improved data analytics and transparency, Unilend partners with Covalent. Before we get into the collaboration proper, it’s worthy of note to state briefly what Covalent entails and what unilend entails as it aids comprehension in the collaboration.

About Covalent

Covalent provides a unified API to bring complete transparency and visibility to assets across all blockchain networks. Covalent’s proprietary technology enables a “no-code” solution that solves a vast array of use-cases for wallets, exchanges, custodians, and taxation, amongst others. In addition, their API allows easy access to data that is normalized, unified, and granular.

About unilend

UniLend is a decentralized protocol that combines spot trading & AMM with lending and borrowing services through smart contracts.

From the forgoing, we can reduce the collaboration already. Covalent will provide a unified API bringing visibility to billions of blockchain data points while UniLend will use Covalent’s API services across Polygon and Binance Smart Chain. Let’s look at the collaboration in details

The collaboration

UniLend allows permissionless listing of any crypto asset to enable lending and borrowing, unlocking the true potential of DeFi. In addition, this partnership with Covalent will enable Unilend to get data about highly complex movements and operations in a collated manner.

Covalent provides unified APIs to bring complete transparency and visibility to assets across all blockchains. Their rich indexing and query technology smoothly supports a wide range of use-cases and fuses our work at UniLend.Covalent’s API services would be employed to query blockchain data across Polygon and Binance Smart Chain for a seamless experience.

Creating a Seamless User experience

UniLend is not only a next-gen protocol offering the industry’s most comprehensive suite of DeFi services; they’re also an ecosystem of participants coming together to power DeFi 2.0. In addition to using Covalent’s rich indexing capabilities, her integration will provide a new avenue of awareness generation from their growing community and user base.

Crypto Evangelist | Smartphone photographer | Geologist |Project manager| Digital Marketer|

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

LossLess is the Latest Project Using ChainPort’s Blockchain Bridge

Ari Swap Corp 2021 Year In Review

Weekly DeFi/NFT News — December 13, 2021

Why 2022 is the year of the DAO

Axelar breakthrough From Lastest News…

Weekly Report for Ares, Nov 12 — Dec 2

DeFi solution TKNT launches its own Defi staking platform

BLOCKCHAIN-CONSENSUS: A SEQUEL

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Barineka

Barineka

Crypto Evangelist | Smartphone photographer | Geologist |Project manager| Digital Marketer|

More from Medium

GOinfluencer announces 20,000 $ASVA tokens to be distributed among its community as part of its…

INTRODUCTION TO SLAVI: A SUPER DAPP

Staying safe and securing assets

Metaverse Miner New Partnership with Clover Finance