Covalent: Covalent Integrates with Reef to bring Data Transparency and Visibility to Yield Engines and Liquidity Aggregation

Niall Yorke

Product, Covalent

Covalent Integrates with Reef to bring Data Transparency and Visibility to Yield Engines and Liquidity Aggregation

Oct 23, 2020

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

We are delighted to be working with Reef in the continued effort in making granular blockchain data easily accessible. The next generation of DeFi protocols that are built with cross-chain capabilities require accurate, timely and granular blockchain data and we are proud to be the provider of choice for Reef.

Quote from Denko, Reef CEO:

We are excited to be working with the Covalent team in bringing the adoption of DeFi into the mainstream.

About Reef

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.

About Covalent

Covalent provides the industry-leading Unified API bringing visibility to billions of Web3 data points. Developers use Covalent to build exciting multi-chain applications like crypto wallets, NFT galleries, and investor dashboard tools utilizing data from 40+ blockchains. Covalent is trusted by a community of 30,000+ developers and powers data for 3000+ applications including 0x, Zerion, Rainbow Wallet, Rotki, Bitski and many others.

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