Yield Monitor is integrating DeFiChain (DFI) blockchain into its database, making it the platform’s second non-EVM mainnet integration.
DeFiChain joins the Algorand (ALGO), Avalanche (AVAX), Binance (BNB), Ethereum (ETH), Fantom (FTM), and Polygon (MATIC) networks that have already been incorporated into the Yield Monitor database.
“We’re thrilled to be building a relationship with the DeFiChain organization,” said Yield Monitor’s CEO Christophe Dupont. “The community is very dedicated and supportive of the various builders and creators bringing value to the ecosystem. It’s a privilege to be adding DeFiChain to our database and we’re eager to begin building long-term, collaborative relationships with DeFi investors and existing teams in the coming months.”
DeFiChain is the world’s leading blockchain on the Bitcoin network and is dedicated to bringing decentralized financial applications and services to everyone.
The integration will enable Yield Monitor users to gain insights into the on-chain metrics around DeFiChain. Furthermore, investors and developers will be able to trail assets held in wallets on the DeFiChain blockchain, and also route cross-chain transactions to optimize price and efficiency.
Mark Pedevilla, DeFiChain Ambassador and News Anchor added: “We were excited to see the progress Yield Monitor has made in a short amount of time, especially with a small team. This speaks to the quality of their product and their dedication towards building a powerful database infrastructure foundation.”
“We are excited to see the features they are preparing for DeFi investors and their utility in building a truly accessible, multi-chain DeFi community — one in which DeFiChain will play a large role.”
DefiChain comprises a global team of core contributors, supported by a community of developers. On DefiChain, DeFi transactions flow quickly and smoothly at low gas rates and have a reduced risk of smart contract errors.
The decentralized Proof-of-Stake blockchain was created as a hard fork of the Bitcoin network to enable advanced DeFi applications.
In addition, it is renowned for fast, intelligent, and transparent decentralized financial services, offering liquidity mining, staking, decentralized assets, and decentralized loans.
A toolkit for DeFi investors and developers
Yield Monitor is an automated, scalable multi-chain database that aims to make DeFi portfolio tracking and investing opportunities more accessible for everyone.
The platform offers various asset, liquidity pool, and yield farm performance data in the form of wallet tracking and visual charting tools.
Moreover, the team is building additional features, like impermanent loss tools, order book, and trade volume metrics, and asset lists for users to track similar liquidity pools and yield farms across different protocols.
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