Covalent Announces Product Integration with Reef
VANCOUVER, October 23rd, 2020 - Covalent, the leading blockchain data API, is excited to announce a technical partnership with Reef, a cross-chain DeFi operating system built on Polkadot that provides users with universal access to liquidity existing on both centralized and decentralized exchanges.
The integration of Covalent in the Reef ecosystem will bring improved data visibility to the DeFi platform and fundamentally improve the overall user experience. Covalent will provide the data portion of what the user will see on Reef, for example, historical transaction activity, PnL and other record keeping use-cases. Essentially, yield farmers and users alike will be able to make conscious, data-driven decisions.
Quote from Ganesh, Covalent’s CEO
Quote from Denko, Reef CEO:
Reef is the first cross-chain DeFi operating system built on Polkadot. With a seamless user interface, Reef offers its users a smart liquidity aggregator and yield engine that enables access to liquidity from both CEXes and DEXes while offering smart lending, borrowing, staking, mining through AI-driven personalized baskets.
Covalent provides a unified API to bring full 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. The API allows easy access to data that is normalized, unified and granular.