Reading 3 min Published Updated
Cumberland Labs, an incubator of the Chicago-based cryptocurrency trading company Cumberland, has launched a beta version of a new API tool that can be used to connect to the blockchain and decentralized financial protocols.
Cumberland Labs told Cointelegraph that Cumberland, a trading account for DRW Holdings LCC, previously spent a significant hour connecting to the other protocols manually, one at a time.
The company could not find a tool for asking them about their problems and accidentally created the official API-service, expand.network, vicorist-authorized distributors and engineers from their parent-child incubator. The tool is being tested from leaf fall and is available to the public in beta version.
API stands for Application Programming Interface and is used when one type of programming requires communication with another.
“We extended DeFi trading and searched for a tool similar to the ccxt Library, which is victorious for centralized exchanges, which is an instant connection to either the DeFi protocol or the blockchain. To our surprise, such a tool has never been used,” said Tama Churchhouse, COO of Cumberland Labs. Cointelegraph.
Recently, a solution has been released to enable connection for both reading and writing to the main globally accessible blockchains and protocols in DeFi, helping retailers to interoperate through API protocols and software development kits (SDKs).
The Web3 startup does not solve the problem of the old cryptocurrency: the inefficiency of the international connection. However, it is far from being the solution to the problems themselves, but to the international solution. Behind the words of Yogo General Director Demetrios Skalkotos, if insults “at first glance can look similar”, they should serve different purposes.
Pov’yazane: DeFi connection: how rich token systems can increase liquidity
“Cross-Lance resolutions in the first part of the year to accept transfers of support and tokens between different French people. On the face of it, expand.network secures connections to languages and protocols, promoting a more complex and universal solution for navigating the DeFi landscape, ”explaining wine.
A low-code tool to boost the time of the lance, summaries of the Ethereum Virtual Machine (EVM), including Ethereum, Binance Smart Chain, Avalanche, Polygon, Cronos, Arbitrum and Optimism, as well as non-money of the Ethereum lancets, such as Solana, Tron, NEAR and Algorand. Someday support will be available for Aptos, Sui, Lido, LayerZero and StarkNet.
The platform was conceived and created by Cumberland Labs, provided funding, resources and advice. If the market is smart enough to allow, a start-up can finance the future of the future.
“If it comes to the right to seek funding, our strategy is to focus on investors in open-source cryptocurrencies and technological infrastructure of series A, as well as on potential strategic investors,” Skalkotos said.
In the world of cryptocurrency development, more and more capital needs to be oriented towards retail solutions and solutions for mutual modality. At the apartment LayerZero Labs, the distributor of the international exchange protocol, received 120 million dollars to expand its coverage in the Asia-Pacific region. Earned $135 million early in the year 2022.