Moonfarm >< PARSIQ Network Partnership to help increase security for users
We’re excited to announce that Moonfarm Finance — the first CeDeFi Yield Farming Aggregator on Multi-chain — has partnered with PARSIQ Network. The partnership between PARSIQ Network and Moonfarm is mainly based on our shared long-term vision to bring farming close to crypto investors and remove barriers to entry for newcomers in the crypto market. Therefore, this collaboration will strengthen our partnership and promote Moonfarm’s position in the blockchain network.
PARSIQ is a full-suite data network for building the backend of all Web3 dApps & protocols. The Tsunami API, which launched in July 2022, provides blockchain protocols and their clients (e.g. protocol-oriented dApps) with real-time data and historical data querying abilities.
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Moonfarm & PARSIQ Network Partnership collaboration:
- Prevent malicious actions from DeFi Hacks
Moonfarm finance is a yield farming application and uses smart strategies to get the profits of other Defi apps. The PRQ services will help Moonfarm Finance to be alerted immediately in the case of exceptional events like hacks or rug pulls. Also, there are many other services we want to use of PARSIQ to prevent risks for Moonfarm users.
- How PARSIQ help Moonfarm Finance increase security pools monitor?
Moonfarm will be utilizing PARSIQ data services to ensure that we always stay up to the moment with events on the blockchain
Example for LINK/BUSD Pool on Pancakeswap:
- Moonfarm uses PARSIQ services to monitor this pool
- If the TVL of LINK/BUSD decreases 50% (say, in the case of a hack)
- PARSIQ tech will send an alert to Moonfarm in real-time.
- This will allow the Moonfarm team to act quickly, withdrawing assets in this pool, thereby protecting our users’ assets.
- Moonfarm will open a pool farm for PRQ tokens for PASIQ Network
Users or holders of $PRQ can now earn passive income when we open a pool farm for PARSIQ Network. Follow our social media to get the latest information about this event
“We’ve been looking for a real-time blockchain data solution for some time now and PARSIQ’s Tsunami API surpassed our expectations. We’ll be able to monitor our pools seamlessly which will make take MoonFarm’s security to the next level and induce confidence for our users”
Luis Bui — Head of Business Development
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About PARSIQ Network
PARSIQ is a full-suite data network for building the backend of all Web3 dApps & protocols. The Tsunami API, which launched in July 2022, provides blockchain protocols and their clients (e.g. protocol-oriented dApps) with real-time data and historical data querying abilities.
Website | Blog | Twitter | Telegram | Discord | Reddit | YouTube
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About Moonfarm
Moonfarm is a DeFi and Centralized Finance (CeFi) hybrid yield farming aggregator. It provides the best of both worlds, offering all the cost-effectiveness, easy access, transparency, and rapidity of DeFi yield farming, in addition to offering the security associated with a centralized financial ecosystem.
Moonfarm optimizes Yield Farming interest (APY/ APR) and provides users with the ability to choose what farms they want to use, or the system will automatically determine the best farming strategies using the yield optimization engine.
Website | Twitter | Telegram | Telegram Announcement | Medium
