James Atkins
Editor
Editor
The Yield Monitor, which is a tracker for people who invest in DeFi, has added the DeFiChain blockchain to its database.
The DeFiChain is now Yield Monitor’s non-EVM mainnet integration, as indicated by the most recent cryptocurrency news.
DeFiChain is joining other leading blockchains, including Algorand, Avalanche, Binance, Ethereum, Fantom, and Polygon in the Yield Monitor database. Yield Monitor also plans to add Polkadot, Solana, and YFI soon.
DeFiChain’s mainnet launch was just over two months ago, in August 2020, with Yield Monitor integrating the blockchain shortly after. Yield Monitor notes that the DeFiChain integration has added new yield farming opportunities for their users, such as YFII and YFL.
Yield Monitor is a popular yield farming and DeFi portfolio tracker. Allowing users to monitor their yield farming strategies and view important metrics such as APY and liquidity. Yield Monitor’s database includes over 100 protocols and tracks over 1,000 DeFi tokens.
Commenting on this latest development, Yield Monitor’s CEO Christophe Dupont says;
“We’re excited to be working with the DeFiChain organization. The community is very supportive of all the different builders and creators who are adding value to the ecosystem. We’re thrilled to be able to add DeFiChain to our database, and we can’t wait to start building long-term relationships with DFI investors and existing teams in the near future.”
Mark Pedevilla, DeFiChain Ambassador and News Anchor, adds that;
“We were pleased to see how much Yield Monitor accomplished in such a short span with only a small team. This reflected their product’s quality and the group’s commitment to developing a robust database infrastructure foundation. We look forward to the features they’re readying for DeFi investors as well as their utility in crafting a truly inclusive, multi-chain DeFi community where DeFiChain will have a significant impact.”
Yield Monitor’s integration with DeFiChain allows its users to track and manage assets held in wallets on the DeFiChain blockchain. This is a valuable opportunity for investors and developers who want to have more insights into the on-chain metrics surrounding DeFiChain.
According to Yield Monitor, investors and developers can also route cross-chain transactions to optimize price and efficiency.
DeFiChain is a blockchain platform built for decentralized financial services, boasting high transaction speeds and low fees. It supports smart contracts as well as its native DEFI token.
The open-source blockchain project is committed to efficient, sagacious and legible decentralized financial services that are available for all. The undertaking consists of a global team of essential donors, bolstered by a community of developers.
The DeFiChain blockchain offers unique features that set it apart from other platforms in the space. Such as its Masternode Governance System, which allows for decentralized decision-making on the network.
It also uses a Proof-of-Stake consensus algorithm, allowing users to earn rewards for securing the network by staking their DEFI tokens.
Yield Monitor is a popular tool among DeFi investors and developers, offering comprehensive portfolio tracking and analysis capabilities.
Its integration with the DeFiChain blockchain means users can now track. And manage their DEFI tokens and other assets on the DeFiChain protocol, in addition to other platforms.
Yield Monitor is the perfect toolkit for any DeFi investors or developers. It offers users a broad scope of data on assets, liquidity pools; and yield farms through features like wallet tracking and visual charting tools.
This partnership is a huge step forward for both Yield Monitor and the DeFiChain community, providing greater accessibility and convenience for users. We look forward to seeing how this integration will further drive adoption and growth for DeFiChain.
Are you a DeFi investor or developer looking to track and manage your tokens and assets on the DeFiChain protocol? Look no further than Yield Monitor, now available on the DeFiChain blockchain. Happy yield farming!
I have been writing copy for blockchain-related projects since 2017. I understand the importance of being able to communicate clearly and effectively with both technical and non-technical audiences. By leveraging my understanding of the crypto industry trends, I can help increase adoption in this rapidly evolving landscape.
