The Yield Monitor Integrates With The DeFiChain (DFI) Blockchain

The Yield Monitor is a renowned multi-chain portfolio tracker used and trusted by millions of DeFi investors. This platform has made headlines after announcing its newest collaboration, which is also its 2^nd non-EVM mainnet integration. The Yield Monitor platform has now integrated the DeFiChain Blockchain into its database.

The reason and significance of Yield Monitor X DeFiChain Blockchain

For those who don’t know, the DeFiChain blockchain is one of the world’s top blockchains running on the bitcoin network dedicatedly for decentralized finance (DeFi) applications and services. The DeFiChain makes it possible for crypto enthusiasts to utilize all sorts of DeFi apps and services. The database of Yield Monitor has already incorporated popularly used networks like Ethereum (ETH), Binance (BNB), Algorand (ALGO), Fantom (FTM), Avalanche (AVAX), and Polygon (MATIC). With DFI Blockchain integration, the team has entered into a long-term and meaningful partnership with the DeFi community’s favorite project.

This alliance between the two projects opens doors for fruitful opportunities for DFI investors and their current team members. Once the Yield Monitor database integration is realized, users will be able to get insights into DeFiChain’s on-chain metrics. All investors and developers who hold assets in a wallet on the DeFiChain blockchain will be capable of trailing them conveniently. Furthermore, routing cross-chain transactions will be possible in order to improve efficiency and optimize usability as well as pricing.

The integration concerned will play an important role in facilitating information sharing between the two blockchain projects revolving around DeFi.

Yield Monitor and the DeFiChain Blockchain

As far as DeFiChain Blockchain is concerned, the reason behind this collaboration is the progress made by Yield Monitor in recent days. Its team has developed a trustworthy and dedicated database infrastructure foundation. Being an open-source project, Yield Monitor is dedicated to preparing DeFi investors and the entire multi-chain DeFi community. Its integration with DeFiChain Blockchain, which is a database platform open to all, makes it completely transparent and truly decentralized.

According to recent buzz, the functionality of DeFiChain currently supports tokenized DOGE, USDT, BTC, LTC, ETH, and BCH on its DeFiChain DEX. This functionality also enables liquidity mining for each of these cryptocurrencies. Users of the platform can also add their preferred cryptocurrency to enjoy broad accessibility without regard to geography.Recently, DeFiChain has successfully added 4 new decentralized tokens or dTokens to its offerings, which are: $dUL (Unilever), $dWMT (Walmart), $dUNG (US Gas Fund), and $dUSO (US Oil Fund).

Conclusion

The DeFiChain Blockchain has been developed by the DeFiChain Foundation. This decentralized platform aims to bring DeFi onto the Bitcoin network, and with the collaboration with Yield Monitor, the two projects are moving towards their respective objectives for the benefit of the entire DeFi community.