Reef Finance Integrating with Parsiq to Connect Reef Chain with Real-World Applications
Reef Finance is pleased to share with our bustling community that PARSIQ, the solution turning blockchain data into actions, will be brought to Reef Chain! Since blockchains generate huge amounts of data that is completely disconnected from the rest of the world, processing that data and connecting it to other apps, whether centralized or decentralized, and legacy systems is time-consuming and cumbersome.
PARSIQ will make it easy to monitor on-chain Reef Chain data in real-time, allowing anyone to create automated workflows for off-chain apps and devices. If you are familiar with “If This > Then That” statements, you too will be able to leverage PARSIQ to capture Reef Chain events and create actions from them!
PARSIQ and Reef Chain users will be able to take advantage of PARSIQ’s no code editor, or developers can use ParsiQL to build comprehensive, custom queries and workflows! More explicitly, this will allow users to:
- Stream blockchain data to user-facing front-ends
- Track events like swapping, lending, and staking
- Monitor transactions across wallets
- Track abnormal blockchain activity to identify arbitrage opportunities
Many more use cases are also available across PARSIQ’s documentation, and will also become more obvious and present themselves as more dApps launch on Reef Chain.
“We are thrilled to be partnering with Reef Finance. There is a-lot of excitement around Reef’s Smart liquidity aggregators, having PARSIQ’s Smart Triggers to work in hand with them will allow for efficient, fast paced work flows. Reef Chain will entice some of the best DApp Developers to their customized blockchain network, by allowing PARSIQ’s data & automation technology to be available will aid in the growth and development of their chain and we look forward to being part of the journey.”
- Tom Tirman, PARSIQ CEO
There is also a PARSIQ token that fuels its circular subscription model, unlocking a new way to do create sustainable, decentralized software platforms.
“As Reef Finance inches closer to its full mainnet launch, it is crucial to ensure developers have the tools they need to easily obtain, analyze, and display on-chain data. We are thrilled to see PARSIQ bring its expertise to Reef Chain, as we know many developers already use the platform, and it’s one of the easiest ways non-developers can find and monitor data.”
- Denko Mancheski, CEO of Reef Finance
About Reef Finance
Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.
About PARSIQ
PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-level bridge between blockchains and off-chain applications. PARSIQ technology is a proprietary ParsiQL programming language that allows users to monitor and interpret an endless stream of data on the blockchain; thus, it’s possible to monitor traders and ordinary users’ wallets.
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