Kaiko, the industry leader in digital asset data for institutions, announces the launch of market data for DeFi Lending and Borrowing (L&B) protocols for the crypto finance and institutional communities. Recent market events have highlighted the necessity of decentralized finance in crypto markets and the launch of Kaiko’s DeFi L&B data is a further step in showcasing the value of decentralized finance.
Kaiko’s market data for L&B offers exposure to three of the leading decentralized L&B protocols: AAVE, Compound and MakerDAO. These decentralized protocols currently hold $15B, which is more than 78% of the total global liquidity locked in lending protocols. The five transactions available on these three L&B protocols, known as events, constitute: borrows, deposits, repayments, withdrawals, and liquidations. The data underlying these transactions is now available to Kaiko’s clients via a single API market data offering.
Kaiko’s market data offering is a gateway to decentralized finance. L&B market data can be used in numerous use-cases including: to optimize trading strategies; to power DeFi applications; to monitor the market; for research & analysis; for yield analysis; and for tracking wallet movements. By providing granular and transparent data on all lending activity happening on the blockchain, Kaiko’s data product empowers clients to make more informed decisions by tracking other users’ strategies, allowing them to better manage risk.
DeFi offers users full ownership of the cryptoassets; self-custody means that the user does not need to rely on a third-party intermediary. In addition, DeFi is permissionless, universally accessible and transparent. Another benefit to DeFi is its composability, which allows users to leverage different combinations of existing protocols and decentralized applications without sourcing permission, enabling the users to be agile when selecting the strategies that work for them.
Kaiko’s introduction of DeFi L&B market data expands on Kaiko’s launch of DEX data earlier this year. Kaiko's DeFi market data is a unique tool for any institution active on or considering DeFi.
Ambre Soubiran, CEO of Kaiko said, "Kaiko’s lending and borrowing data represents immense value for trading and risk management, as well as facilitating a deep understanding and monitoring of DeFi markets. Our data is underpinned by trust, and provides transparency on all financial aspects of the crypto industry, helping crypto market participants make informed decisions to optimize their capital.”
To start using Kaiko’s L&B data, visit www.kaiko.com/pages/defi-data
