Yieldwatch Integrates Band Protocol Oracles to Power Smart DeFi Dashboard on Binance Smart Chain
Yieldwatch, a smart yield farming dashboard for monitoring and analytics on Binance Smart Chain, has integrated Band Protocol oracles for over 15+ fiat currency price feeds. With over 60,000 daily active users, Yieldwatch is using Band Protocol to enhance the reliability and product scope offered, constantly iterating and innovating to deliver an all-in-one dashboard for DeFi. This is the first stage of collaboration for both teams, we look forward to having Yieldwatch implement Band Protocol oracles for crypto assets into their dashboard for the accurate and reliable pricing liquidity provider tokens and more to be revealed!
With Yieldwatch, DeFi users and enthusiasts retrieve all the relevant information at one glance including analytics on liquidity pools, yield farms, token staking on a user-friendly UI optimized for desktop and mobile use. More interestingly, Yieldwatch displays complex calculations and analysis for liquidity provision and impermanent loss statistics for serious farmers that benefit from having an edge on the market who now have the option to choose between 16 different fiat currencies to carry our highly informed decisions.
Enhancing User Experiences With Decentralized Oracles
To create a unified and robust analytics platform, applications must be able to display critical information from external sources in a constantly available, timely and accurate manner. Users rely on front-end interfaces to make informed decisions — if an interface uses data from a centralized source with no skin-in-the-game, users can be susceptible to volatility in uptime, updates and invalidity.
This is where Band Protocol works with Yieldwatch to integrate decentralized oracles — user-facing client applications enable users to consume data from up to 14 reputable and trusted institutional-grade data sources supporting the Band Standard Dataset.
Next Steps
Band Protocol is proud to support and integrate with yet another leading application contributing to the rapidly growing Binance Smart Chain ecosystem. Our teams will be working closely with each other to support new products and enhance existing offerings through secure decentralized oracles sourced on the BandChain oracle network.
About yieldwatch
yieldwatch.net is a smart DeFi dashboard that lets you monitor your liquidity pools, yield farming, and token staking performance with a casual and sleek UI, that is optimized for mobile use.
With yieldwatch.net you get all the relevant information at one glance. No more browsing different websites and using complicated IL-loss calculators. We are the first on Binance Smart Chain that shows you the deposit, pending yield, fees generated and gives you an overview of the potential impermanent loss that you are facing.
Website | Telegram | Medium | Twitter
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
Website | Whitepaper | Telegram | Medium | Twitter | Reddit | Github
