Contributions of Unmarshal to the DeFi Economy
Unmarshal Network is indeed transforming from being a “Data provider” to being a “platform” that makes Blockchain data accessible.
Unmarshal is a web3 data network that provides reliable transformed data to dApps, DeFi protocols, Metaverse, NFTs and GameFi solutions. The Network consists of indexers and tools that make it possible to power web3 apps on any chain.
Since it’s inception, Unmarshal Network has aimed to create a network of servers that can serve any decentralized application that operates on Blockchain.
Decentralized Finance otherwise called DeFi is one of the significant topics in crypto. The aim of which is to create an entirely new financial system, completely independent of the conventional financial economy.
DeFi is a crypto movement that is built on cryptocurrencies like Marsh, ether open to anyone in the world (with an internet connection). DeFi is a trustless app implying that the applications are not controlled or hosted by a central party such as a bank or a Government. The decentralized finance laid down models open finance, liberating one from the centralization of authority. The indispensable aspect of financial transactions constitutes transaction data.
The ongoing DeFi momentum is in dire need of disruptive solutions that could cater for the DeFi Economy. The DeFi sphere is a hotbed for innovations and data is an indispensable part of it. However there is a lack of efficient infrastructure for scalable, reliable access to multi-chain data. Majorly there is a need for new data avenues due to the rising demand for DeFi applications. The aspects of Cryptocurrency such as Cryptography, smart contracts and Blockchain technology permits this system of decentralized finance to exist for the global community to utilize. The goal of DeFi has always been to create an open financial market that is meant to be trustless and permissionless. Significant development and investment has been made for the advancement of the DeFi concept.
As the space continues to evolve and get better, it’s crucial and pertinent to grasp an understanding of decentralized finance and to be prepared to engage with, and rely upon these applications.
Alright, now we will be exploring the different ways by which Unmarshal contributes to the DeFi Economy.
How Unmarshal is Contributing to the DeFi Economy
- Multi-Chain Operability: lack of interoperability has to a large extent limited adoption of DeFi. By deploying Unmarshal’s distributed network of Blockchain indexers, the availability of customized data from diff chains would be simple and seamless.
- Structured Data: The availability of raw and unstructured on-chain data makes it difficult for Decentralized applications to decode it into a structured format. With Unmarshal, the requested data is presented in a structured format that is accurate, reliable, and valuable, allowing developer’s to focus on the application aspect. Transforms plain hashes into useful information.
- Comprehensive SAAS Solutions: Unmarshal Network makes use of cutting-edge tech solutions that makes the creations of APIs with ease. Therefore, the infrastructure is not limited to APIs but also involves projecting data into multiple formats such as GraphQL, WebSockets Notifications etc.
- Automated Indexing: The automated indexing of real-time data of numerous chains by the submission of indexing requests for various DeFi protocols such as AAVE, Compound, Circle etc, as per client requirements. It also gives room for clients to deploy a cost-sharing model as per their needs to index new chains.
- Democratized Governance: The decentralized Unmarshal Network constitutes multiple allocated nodes promoting the liberation of power for clients to choose data indexers from a pool of nodes.
About Unmarshal Network
Unmarshal is a Multi-chain DeFi Data network that facilitates an easy access to data on blockchains for any kind of dApps, protocols, aggregators (basically any app that is built on Blockchains). It is a Multi-chain web3 data network aiming to deliver granular, reliable and real-time data to dApps, DeFi protocols, NFTs, Metaverse and GameFi solutions. Unmarshal Network provides the easiest way to query Blockchain data from XDC Network, Ethereum, BSC, Polkadot, Near and Solana. Unmarshal Network consists of data indexers and transforming tools to power web3 apps on any chain while providing a latent view.