Blockdaemon recently introduced its DeFi API.
The Blockdaemon DeFi API reportedly “simplifies DeFi interactions, enhances liquidity management, offers unified asset tools, and caters to B2B2C and institutional needs.”
The Blockdaemon DeFi API is described as being “the complete institutional solution for seamless, secure, and efficient Web3 DeFi services.”
At launch, Blockdaemon’s DeFi API reportedly “supports 21 of the industry’s leading blockchains, and over 40 DeFi protocols.”
Their API ensures institutions can “navigate decentralized finance (DeFi) with ease and speed.”
Blockdaemon’s DeFi API allows DeFi users “to perform flexible swaps of native assets on Stargate, a cross chain liquidity protocol, across different blockchains in a single transaction.”
This integration makes their API the gateway “for accessing Stargate’s community-owned unified liquidity pools. Stargate will be the sole bridge utilized for the Blockdaemon DeFi API.”
As explained in the update, Stargate serves as the decentralized application built upon the innovative LayerZero protocol.
As a pioneering asset bridge, Stargate reportedly “enables seamless cross-chain liquidity transfers with a unique capability: direct swaps of native tokens across different blockchains—no intermediary tokens required.”
For instance, users can exchange USDC “on Ethereum for USDT on BNB Chain in a single transaction.”
Stargate revolutionizes the concept of liquidity “with its unified liquidity pool, which is shared across all integrated chains, enhancing efficiency and ensuring instant guaranteed finality.”
Their DeFi API initially “supports Ethereum, Optimism, Base, Arbitrum One, Avalanche C-Chain, Polygon, zkSync Era, BNB Smart Chain, Polygon zkEVM, Moonbeam, Gnosis, Linea, Celo, Mantle, Fuse, Fantom Opera, Scroll, Kava, Moonriver, Aurora, and Metis.”
Key Features
- Simplified DeFi Interactions: Their API reduces complexity and technical barriers, making DeFi interactions easier.
- Improved Liquidity Management: Users gain better control over liquidity and asset flexibility across platforms.
- Unified Asset Management Tool: Their API offers a single tool for managing assets, removing the need for multiple interfaces.
- B2B2C and Institutional Capabilities: Their API is suitable for both business-to-business-to-consumer (B2B2C) and institutional customers.
Blockdaemon’s DeFi API offers a single access point to “a wide range of DeFi services. Institutional customers will benefit from our focused and scalable solutions, enabling them to build or enhance DeFi-related products and services.”
