Data for the DeFi Ecosystem
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Trusted, actionable data is the foundation for financial services analysis and decision-making. Pre-trade analysis, asset valuation, portfolio management, trade execution, post-trade settlement, risk management, portfolio processing, performance reporting, and regulation compliance are all driven by machine readable data.
This is equally true for the emerging institutional digital asset and DeFi ecosystem. Now with over $28 billion worth of value locked in Ethereum smart contracts, DeFi is among the fastest growing spaces in blockchain. Crypto funds, crypto traders, lending platform users, staking network participants, and the platforms and transaction venues utilized by these investors all need data. Data remains critical to analyze investment options, create algorithms, find liquidity, execute trades, assess performance, meet compliance requirements, and manage portfolios. For digital assets and DeFi, this data can be difficult to access on- or off-chain. Codefi Data offers easy-to-consume, trusted, and actionable data to power the future of financial services.
While permissionless blockchains are now able to power full financial services, ratings agencies and researchers have not yet started monitoring these products. In response, Codefi Data provides a suite of APIs to measure the risks of these new services. Our technology already enables industry leaders like CoinGecko and Idle Finance to provide risk-adjusted metrics to their users. We partner with financial service leaders as well as Web3 projects to push the ecosystem forward.