NewsYield Monitor receives Algorand Foundation grant award

Yield Monitor receives Algorand Foundation grant award

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Algorand Foundation

April 5th, 2022 - Yield Monitor, a multi-chain database and toolkit for DeFi investors and developers, has received an Algorand Foundation grant to incorporate the Algorand mainnet into the Yield Monitor database.

The Algorand Network will become Yield Monitor’s sixth incorporated mainnet, joining Avalanche (AVAX), BNB Chain (BNB), Ethereum (ETH), Fantom (FTM), and Polygon (MATIC). Algorand will be Yield Monitor’s first non-EVM mainnet addition.

''We’re honored to have the support and confidence of The Algorand Foundation. Expanding our product beyond EVM mainnets has been a goal for Yield Monitor, and a growing ecosystem like Algorand is a perfect fit for us. Their focus on combining performance, scalability, and environmentally sustainable infrastructure very much aligns with our own vision for what accessible blockchain data should be. We’re looking forward to meeting an entirely new community of builders, and continuing our mission of building a truly scalable, multi-chain database for everyone.'' - Nick Toce, Co-Founder, Yield Monitor

After mainnet integration, Yield Monitor will begin onboarding leading Algorand DeFi protocols into the database. This will create opportunity for DeFi investors, developers, teams, and traditional finance / CeFi organizations looking for new exposure to the Algorand financial ecosystem.

DeFi investors and traders will be able to:

  • track wallet assets held on the Algorand mainnet
  • chart single asset price performance
  • chart Liquidity Pool (LP) asset price performance
  • chart Yield Farm (YF) asset price performance
  • route cross-chain trades to maximize efficiency/price

DeFi, CeFi, TradFi organizations will be able to:

  • instantly add Algorand DeFi protocol data to their products
  • offer users exposure to Algorand DeFi protocols
  • build new product offerings on top of this Algorand protocols

Learn more about the API, or start building immediately.

''We’re really keen to see Yield Monitor help our users leverage on-chain data for their trading benefit. Yield Monitor’s data-driven tooling helps DeFi investors manage their portfolio more strategically on all fronts''. - Daniel Oon, Head of DeFi, The Algorand Foundation

About Yield Monitor

Yield Monitor is a unique, multi-chain database and toolkit for DeFi investors and developers.

For investors and traders, Yield Monitor offers asset price, volume and order book data, and an expanding lineup of LP & Yield Farm charting and portfolio tracking tools. Advanced features like cross-chain trade routing are being planned, built, and deployed.

For DeFi developers, Yield Monitor offers a unique, single-call API that delivers near-instant on-chain asset data. This database infrastructure supports individual builders and advanced DeFi teams with faster data and scalable solutions to deploy products faster and grow their market share. Advanced tooling and dashboard-like analytics are being planned, built, and deployed.

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Integrate Multi-Chain Data: https://app.swaggerhub.com/apis/YieldMonitor/YieldMonitor/1.0.2

Learn More: https://www.yieldmonitor.io/
Track Assets: https://app.yieldmonitor.io/
Follow Yield Monitor: https://twitter.com/YieldMonitor
Telegram Announcements: https://t.me/yieldmonitor
Discord Community: https://discord.com/invite/Gx7uQUTvqB

About The Algorand Foundation

The Algorand blockchain — designed by the MIT professor and Turing Award winning cryptographer Silvio Micali — is uniquely capable of delivering on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, but with immediate finality, near-zero transaction costs, on a 24/7 basis. Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism solves for the “blockchain trilemma” by achieving both security and scalability on a decentralized protocol, and without a second of downtime since it went live in 2019.

The Algorand Foundation is dedicated to helping fulfill the global promise of the Algorand blockchain by taking responsibility for its sound monetary supply economics, decentralized governance, and healthy and prosperous open-source ecosystem.

For more information, visit https://algorand.foundation

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