PARSIQ is excited to announce our partnership with MoonFarm Finance!
Moonfarm Finance
MoonFarm is a hybrid, DeFi and CeFi platform that optimizes yield farming opportunities. By aggregating the best DeFi yield farming options under one roof, MoonFarm provides all the cost-effectiveness, ease of access, and transparency, of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.
MoonFarm optimizes yield farming interest (APY/APR) and provides users with the ability to choose what farms they want to use or the system will automatically determine the best farming strategies by using their yield optimization engine.The creators of MoonFarm know that DeFi trading can easily become too complicated for the average user. That is why they built a simple interface, helping reduce the complexities of DeFi and making it easy to find the highest yielding position. Users can even earn native tokens, using their single-sided staking option, and rest easy with a sustainable APR without the risk of impermanent loss.
PARSIQ + MoonFarm Finance
Instant access to Web3 data is crucial for a platform like MoonFarm Finance. Not only do they need to have data quickly available for their price feeds and to keep their users up to date, but they also need to be alerted immediately in the case of exceptional events, like hacks or rug pulls.
MoonFarm will be utilizing PARSIQ data services to ensure that they always stay up to the moment with events on the blockchain. For example, say we are interested in the Moonfarm farm LINK/BUSD pool on Pancakeswap. MoonFarm will use our services to monitor this pool. And, if the TVL of LINK/BUSD decreases 50% (say, in the case of a hack), our tech will send an alert to MoonFarm in real-time. This will allow the MoonFarm dev’s to act quickly, withdrawing assets in this pool, thereby protecting their users’ assets.
We look forward to working closely with the team at MoonFarm!
About Moonfarm Finance
Moonfarm is a DeFi and Centralized Finance (CeFi) hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency, and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.
Moonfarm optimizes Yield Farming interest (APY/ APR) and provides users with the ability to choose what farms they want to use, or the system will automatically determine the best farming strategies using the yield optimization engine.
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About PARSIQ
PARSIQ is a full-suite data network for building the backend of all Web3 dApps & protocols. The Tsunami API, which launched in July 2022, provides blockchain protocols and their clients (e.g. protocol-oriented dApps) with real-time data and historical data querying abilities.
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