The partnership between Opendefi and Covalent aims to provide users with better data analytics and transparency.
COVALENT
Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks. Their rich indexing and query technology supports diverse use-cases, and melds with our work at OpenDeFi seamlessly, since we believe that users should have complete sovereignty over their assets.
Covalent does with blockchain data, exactly what Opendefi does with assets.
OpenDeFi is pioneering cross-chain flow of value via real world assets, and a partner like Covalent allows us to get data about these highly complex movements and operations in a collated manner.
The partnership with Covalent is to bring in their stellar data indexing APIs for fetching, keeping historical data and ensuring that OpenDeFi is an enabler for cross chain value creation.”
Covalent CEO Ganesh Swami spoke enthusisatically:
“This is an excellent partnership. Covalent and OpenDeFi share the same mission in removing obstacles that prevent the mainstream adoption of Blockchain and DeFi. With OpenDeFi now capable of providing granular historical transaction data, this is a step toward our common goal."
Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks.The API allows easy access to data that is normalized, unified and granular while OpenDeFi provides 100%asset backed banking without the insidious hidden charges and all the tedious tasks that come with traditional banking.
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