The Recap of AMA with Unmarshal
On June 10, StaFi invited Nishanth, the COO of Unmarshal to the StaFi community to talk about the latest development of Unmarshal and cooperation between Unmarshal and StaFi.
The full Recap content is organized below.
1.Can you briefly describe what Unmarshal is?
Nishanth: Unmarshal is a multi-chain DeFi data network. We index, decode and serve data from multiple blockchain in multiple formats.
We identify DeFi objects such as tokens, Protocols, Price stores, Wallets etc and build customized End Points on top of it and serve data in multiple formats like APIs, push notifications, Websockets to name a few.
Technically, “Unmarshal” refers to “to decode”. We convert the data into a contextual object. meaning convert the raw unstructured data into more meaningful and rich data.
2.What are the major chains you have indexed already and which chains are in progress?
Nishanth: We’ve already indexed major chains like Ethereum, Binance Smart Chain, HECO. We’re now focusing on even L2 chains. Polygon chain we’ve already indexed and the APIs are ready to serve
We have a strong tech team scattered across the globe.
Unmarshal will work on indexing as many chains as possible to provide rich multichain data in the days to come.
3.I know Unmarshal also indexes NFTs. Can you explain a bit more to the audience? Where are you currently with NFT indexing?
Nishanth: Unmarshal will be able to provide details of NFT of standards 1155 and 721. We are currently equipped to provide data on Ethereum chain and the Binance Smart Chain. It’s already Live and is in integration phase with few of our partners.
In future, we will also incorporate a few more things in NFTs , where we can even track NFT marketplace.
4.What is Unmarshal’s approach in addressing the data infrastructure issues in DeFi and NFTs?
Nishanth: Though there are existing solutions, there is a huge gap of what applications actually need and what the data providers cater to. Composability and meaningful data is what lacks.
We’re hitting the sweet spot here. With the composable APIs that we’re building, it’s easy for applications to easily integrate without much effort. Also, we have introduced an additional layer of decoder, so that applications can query rich and contextual data.
5.How do we access the APIs? Can the general public use them?
Nishanth: Yes, of course. The APIs that we’ve built are free to use and test for the general public.
Please feel free to visit: docs.unmarshal.io
As we index more chains, we will add them here for anyone to try and test the APIs.
6.Many people think “Unmarshal is an Oracle”. Is that true? Would be great if you can clarify this?
Nishanth: We are a network of indexer nodes without relying on a single server like the Centralized. We want to create a decentralized network of Indexers.
An oracle is for price feeds. Unmarshal isn’t an oracle by itself, but we can become a data provider to Oracles.
7.Apart from APIs, Websockets, Notification API, are there any products that you’re building?
Nishanth: Yes, We are also indexing major DEX protocols like Uniswap, PancakeSwap and Quickswap. We’re also building various price stores.
There is a huge roadmap ahead of us which we’re trying to achieve.
Also, right now we’re currently working on “Unmarshal Explorer”
8.Can you Explain us more about the “Unmarshal Explorer”?
Nishanth: Unmarshal Explorer is a simple Google-like search engine for blockchains. It’s a Multi-chain explorer that provides token balances, transaction details for a given wallet address on multichain all at one place.
Our Beta version is expected to be launched shortly.
9.Could you throw some light on “Unmarshal X StaFi” Partnership?
Nishanth: Firstly, we’re glad to partner with you guys. StaFi is one of the most promising projects in the DeFi area.
The tech team at StaFi is simply brilliant. They are a bunch of talented people with whom we love interacting.
To speak a bit about our partnership with StaFi, our team is working with StaFi to explore blockchain data and make it more accessible. The faster data access can help end-users to have a seamless experience which interacting with StaFi applications like rTokens product
Also, we would very soon start indexing StaFi’s native chain. Thereby providing opportunity to developers who are willing to build on top of the chain.
We are also on the lookout for more avenues to collaborate and expand our partnerships.
10.Every project necessarily has a vision and goal for the long term. What are the long term goals of Unmarshal?
Nishanth: There are certain limitations to decentralized storage compared to central storage. Unlike central servers where data can be queried in a matter of seconds, in decentralized storage there is a delay or a lag while querying.
We’re here to address this challenge. Making querying simple, fast and seamless.
Our long term vision would be on making data more accessible to anyone and everyone looking who needs Blockchain data in the deFi space.
About StaFi Protocol
StaFi is the first DeFi protocol unlocking liquidity of staked assets. Users can stake PoS tokens through StaFi and receive rTokens in return, which are available for trading, while still earning staking rewards. FIS is the native token on StaFi Chain. FIS is required to provide security to the network by staking, pay for transaction fees on the StaFi chain, and mint & redeem rTokens.
Website: www.stafi.io
rFIS Product: https://rtoken.stafi.io/rfis
rETH Product: https://rtoken.stafi.io/reth
rDOT Product: https://app.stafi.io/rDOT/staker/index
rKSM Product: https://app.stafi.io/rKSM/staker/index
rATOM Product: https://app.stafi.io/rATOM/staker/index
Twitter:@Stafi_Protocol
Telegram Chat: https://t.me/stafi_protocol
Telegram Announcements: https://t.me/stafi_ann
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Forum: https://commonwealth.im/stafi
