Announcing Our New Data API for DeFi Users

Codefi Data’s new API helps devs and DeFi participants get direct and real-time access to DeFi ratings and risk data such as smart contract risk, liquidity, collateralization, and centralization.

Published in

ConsenSys Media

3 min readApr 1, 2020

We at ConsenSys Codefi Data have released our Codefi Data API as a way for Decentralized Finance (DeFi) users and participants to get direct and real-time access to DeFi ratings and risk data such as smart contract risk, liquidity, collateralization, and centralization.

We have aggregated information around DeFi lending protocols and smart contracts so the data makes more sense for users and dapps. Our DeFi Score team has collected and synthesized information currently scattered across multiple sources into an enriched data model now available for the community to use directly. With this API, developers, investors, businesses, and DeFi enthusiasts can now retrieve this DeFi risk data in an easy-to-integrate format that better supports their projects, without having to build or maintain custom indexing infrastructure.

We believe that the true potential of open decentralized finance is absolute visibility and transparency across protocols to understand what, how, and why things are the way they are, whether it’s interest rates or different decentralized financial products. This is why we’ve built the ConsenSys Codefi Data platform — to offer users accurate and actionable data to power the future of financial services. We’re launching the Codefi Data API to open up that DeFi data to our users in an easy-to-consume, machine-readable format.

One of the core principles of our team is community support and development. It is crucial for us that the DeFi community engage with and build on our data and scoring methodology. For this reason our API will have a service tier that is free to use. Decentralized finance is growing rapidly, but we still view ourselves in the larger testing phase as the ecosystem is showcasing what’s possible with DeFi. Codefi Data is passionate about bringing more transparency, and therefore accountability, and therefore maturity to our space, and we love tracking each of these DeFi protocols as they emerge and grow.