WrapFi will Integrate Unmarshal to Provide On-Chain Data for IBTs

We are excited to announce our new partnership with Unmarshal, a professional data service provider, to explore how to provide more convenient data services for IBT assets. WrapFi will integrate Unmarshal’s data services into Tracking Market Making (TMM) Algorithm, so that WrapFi could provide accurate on-chain price data for IBT assets (cToken, yToken, StaFi rToken, etc.). With the integration of Unmarshal, WrapFi can better build TMM algorithm and provide a more friendly user experience and precise pricing system for trading IBT assets.

Why Unmarshal?

1.Unmarshal is a multi-chain DeFi data network that facilitates seamless access to data on blockchains for any kind of decentralized applications. There is no need for developers to decode it, which saves a lot of development resources.

2.After integrating Unmarshal, WrapFi can easily obtain IBT assets information through smart contracts deployed on multiple chains, such as the price and exchange rate of IBT assets in the primary market, then providing accurate price data for transactions in the secondary market.

WrapFi is a professional DEX for trading IBT assets by proposing an innovative TMM algorithm. In the TMM algorithm, WrapFi will customize a set of Price-Recorrection Mechanism (PRM) for each IBT token to capture exchange rate in real time, ensuring the timeliness, accuracy and security of the price of IBT assets in the transaction process. Therefore, when users trade IBTs on WrapFi DEX, Unmarshal will help track the exchange rate of IBT price in the smart contract in real time and incorporate it into the PRM, then providing a more accurate exchange price on WrapF’s DEX.

The cooperation between WrapFi and Unmarshal will provide a friendly and accurate price oracle for trading IBTs on WrapFi DEX, which will improve the liquidity of IBTs. We will also conduct in-depth cooperation in the future.

About Unmarshal

Unmarshal is a Multi-chain DeFi data network aiming to deliver granular, reliable & real-time data to dApps.It provides the easiest way to query Blockchain data from Ethereum, Binance Smart Chain, and Polkadot. Unmarshal network consists of data indexers and transforming tools to power DeFi applications on any chain

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About WrapFi

WrapFi is the first specialized DEX for Interest-Bearing Tokens(IBTs) powered by TMM algorithm. Price discovery of IBTs on the current AMMs or PMMs not works well, and there always exists a huge gap between the trading price on DEX and the real exchange rate. WrapFi creates an innovative Tracking Market Maker (TMM) algorithm to provide the most stable price and sufficient liquidity for IBTs.

Website: https://wrapfi.io/
Telegram Chat: https://t.me/wrapped_finance
Announcements Channel: https://t.me/wrapfi_ann

WrapFi is the first specialized DEX for Interest-Bearing Tokens(IBTs) powered by TMM algorithm.