VANCOUVER, October 15th, 2020 - Covalent is excited to announce a technical partnership with ZeroSwap, a multi-chain protocol with liquidity mining, DeFi token offerings and DEX aggregation. This partnership comes in the wake of ZeroSwap understanding that the tooling required to understand what is going on with each transaction at the block level is still nascent. Fortunately, Covalent is positioned to bring data transparency and visibility to blockchain assets.
TLDR; SafeKeep is the only place to get a truly complete understanding of your MakerDAO assets, debts and Vault activity. This includes every single action that changes your collateral or debt, including the historical fiat prices, stability fees, previously closed CDPs/Valts and support for every single collateral types that has been added to Maker in the recent past.
TLDR; We showcase another feature of SafeKeep that is critical for mainstream adoption. Everyday users expects to see a “bank statement” style view of their Ethereum transactions with every transaction that changes their account balances. SafeKeep shows users this view and we explain why naive approaches miss crucial data.
TLDR; Last week, we officially launched the public beta of SafeKeep and discussed two key features aimed at sophisticated DeFi investors. Today, we are showcasing another use-case: Compound Finance tracking. Compound Finance, one of the leading DeFi protocols has just begun the distribution of its native governance token – COMP. In this post, we will showcase the features of SafeKeep that make it one of a kind.
TLDR; After having been in private beta for the past 3 months, we are excited to announce the public beta launch of SafeKeep, the fastest, most comprehensive and integrated record-keeping app for your crypto assets. With such a large amount of real-world finances locked up in DeFi protocols, it is imperative that sophisticated DeFi investors have a clear understanding on just exactly what is going on with their crypto-holdings. Over the next few weeks, we will be counting down the top 10 ways that SafeKeep allows unparalleled insight into your crypto assets. Let’s get started!
TLDR; Today we are excited to release an industry-defining notification engine for the Ethereum blockchain. In light of recent events that occurred with the Maker system, we leaned into our product roadmap to ship this urgent feature today rather than sometime later in the year. Our vision is to materially reduce the number of liquidations that happen to borrowers because nobody should lose funds due to bad or unavailable data.
TLDR; Towards the end of 2019, the Maker project released the next major update of their system – the Multi-Collateral DAI – usually abbreviated as MCD. An overlooked component of their system is the DAI Savings Rate (DSR) – a “risk-free” way of earning interest on your DAI stablecoin holdings. In this post, we’ll take a look at what the DSR is, how it works and how to keep track of your interest income.
TLDR; For better or worse, the crypto industry has fixated on Total Value Locked (TVL) in DeFi protocols as the unit of measure to benchmark the traction / adoption of this nascent industry. In this post, we make the case that it’s neither and the metric tracks factors irrelevant to traction/adoption. The entirety of this metric depends on the ETH-USD market.
TLDR; We are writing a 5-part series on “10x analytics” using the CryptoKitties' blockchain dataset. We’ve combined on-chain Ethereum transaction data with off-chain API data to deep-dive into their business model and revenue metrics behind the game. We’ve also open-sourced the SQL code behind the analysis if you want to follow along. 😍
CryptoKitties is one of the most popular games on the Ethereum blockchain. Players collect and breed kitties, which are unique digital assets. Ownership is tracked via the Ethereum blockchain and a network of smart contracts allow for buying, selling and breeding of these digital assets.
Fortunately for us, the game is completely decentralized and all the player data lives on the Ethereum blockchain. The data on the blockchain is pretty disorganized, but we can use a tool like Covalent to make that data more understandable to a mere data analyst like myself.
We started working on Covalent over 4 years ago. Looking back, we’ve never wavered in our resolve to build the best approach to understanding blockchain data. It’s gratifying to see the market starting to understand and appreciate our unique approach and philosophy. Here’s a letter I shared with our stakeholders highlighting the key moments that defined Covalent over the last twelve months.
Covalent joins the Gitcoin Schelling Point Virtual Hackathon to advance Web3 development with their one unified API.
Covalent is excited to officially join the Gitcoin Schelling Point Virtual Hackathon and support this community building the Web3 future. The hackathon, which runs from January 20th to February 10th 2022, is a celebration of: