Curvefi-Moonbeam is a decentralized exchange (DEX) built on the Moonbeam network. It aims to provide low-slippage trading for stablecoins and other assets. The platform is designed to optimize yield farming and offer efficient liquidity pools. Curvefi-Moonbeam was founded by unknown individuals and its parent company is Curve Finance. It was established in 2021 and derived its name from the combination of Curve Finance and the Moonbeam network.
Curvefi-Moonbeam offers several benefits compared to its direct competitors, making it an attractive choice for blockchain users.
One major benefit is the integration of Curvefi, a decentralized exchange (DEX), with Moonbeam, a smart contract platform based on Polkadot. This integration allows users to access a wide range of liquidity pools with low slippage and minimal fees. Compared to other DEXs, Curvefi-Moonbeam provides enhanced efficiency and cost-effectiveness for trading various types of assets, including stablecoins and cryptocurrencies.
Another advantage of Curvefi-Moonbeam is its scalability. Moonbeam is built on the Polkadot network, which utilizes a unique parachain architecture. This allows for high throughput and parallel processing, enabling fast and secure transactions. Compared to its competitors, Curvefi-Moonbeam offers improved scalability, ensuring a seamless trading experience even during periods of high network demand.
Additionally, Curvefi-Moonbeam emphasizes interoperability. As part of the Polkadot ecosystem, it can easily connect and communicate with other parachains and networks, facilitating cross-chain functionality. This interoperability enables users to access a broader range of assets and services, enhancing the overall utility of Curvefi-Moonbeam compared to its direct competitors.
Overall, Curvefi-Moonbeam provides users with improved liquidity, scalability, and interoperability compared to its direct competitors. Its integration of Curvefi with the Moonbeam platform offers a powerful solution for decentralized trading, making it an attractive option for blockchain users.
Curvefi-Moonbeam is a decentralized finance (DeFi) protocol built on the Moonbeam blockchain. Moonbeam is a smart contract platform that is compatible with the Ethereum Virtual Machine (EVM), making it easier for Ethereum developers to deploy their applications on Moonbeam. This compatibility allows Curvefi to leverage the power of Moonbeam's Ethereum-like environment while benefiting from its lower transaction fees and faster transaction confirmations.
Curvefi-Moonbeam operates as an Automated Market Maker (AMM), providing liquidity for users to trade stablecoins with low slippage. The protocol focuses on optimizing stablecoin trading pairs and aims to minimize impermanent loss, which is a common issue in AMMs.
The functioning of Curvefi-Moonbeam relies on liquidity pools, where users deposit their stablecoins. These pools allow users to swap between different stablecoins with low fees and minimal price impact. The protocol algorithmically determines swap rates using constant product formulas to ensure fair and efficient trading.
To maintain stability, Curvefi-Moonbeam incentivizes liquidity providers by offering them yield in the form of fees generated from trading activity. This helps to attract and maintain a sufficient level of liquidity within the platform.
By leveraging the capabilities of the Moonbeam blockchain, Curvefi-Moonbeam offers a secure and efficient trading experience for users. The interoperability with Ethereum allows for easy integration with existing DeFi infrastructure while benefiting from Moonbeam's cost and speed advantages.
DIA employs a comprehensive approach to sourcing and managing data for creating its price feeds. When it comes to fetching trade data from DeFi and NFT exchanges, DIA utilizes different strategies depending on the type of exchange being referred to.
For centralized exchanges like Coinbase, Kraken, and Binance, DIA employs scrapers that directly collect trades from the exchange databases using Rest APIs or WebSocket APIs. These scrapers are designed to retrieve trade data at varying frequencies, ranging from 1 to 7 seconds, depending on the specific exchange. By accessing the data as close to the source as possible, DIA ensures high precision and real-time updates.
In the case of decentralized exchanges, such as Uniswap, curve.finance, and PancakeSwap, DIA adopts a different approach. Instead of relying on centralized APIs, DIA collects data directly from various blockchains by subscribing to swap events in liquidity pools. This allows DIA to retrieve trading data directly from the blockchain itself, ensuring enhanced data accuracy and transparency.
When it comes to NFT marketplaces, DIA captures live trading data through its integration with the marketplaces' smart contracts. Through this integration, DIA retrieves NFT trading data at regular intervals, typically ranging from 20 seconds to 1 minute. By actively monitoring the NFT transactions happening on integrated marketplaces such as Blur, X2Y2, OpenSea, and TofuNFT, DIA can provide comprehensive and real-time data for the broader NFT market.
In summary, DIA employs a combination of scraping techniques, direct blockchain data retrieval, and integration with NFT marketplaces' smart contracts to fetch trade data from DeFi and NFT exchanges. This comprehensive data management strategy enables DIA to provide highly accurate and customizable price feeds for its users.
When it comes to building price oracles with Curvefi-Moonbeam trade data, DIA follows a specific process depending on the type of exchange we are referring to, whether it is a decentralized finance (DeFi) exchange or a non-fungible token (NFT) collection.
For DeFi exchanges, DIA starts by cleaning and detecting outliers in the trade data. This is crucial to ensure that the price estimation process is resilient against trades that deviate significantly from the current market price. To achieve this, DIA applies an Interquartile Range (IR) filter, which excludes data points and sets that lie outside an acceptable range relative to the interquartile range. By filtering out trades falling into the first and last quartiles, DIA ensures that only trades within the "middle" quartiles are used for further processing.
Once the data cleaning process is complete, DIA applies trade-based price determination methodologies to calculate the final price. One example of such a methodology is the Volume Weighted Average Price (VWAP), which takes into account the different volumes of trades. The trades are weighted by their volume, and the weighted average price is calculated.
For NFT collections, the process is slightly different. DIA determines the floor price of an NFT collection by processing the on-chain trade data in two steps. Firstly, the data is passed through cleansing filters to exclude market outliers and manipulation techniques. Secondly, a pricing methodology is applied to determine the final price point.
DIA offers various pricing methodologies for NFT collections, including the Floor Price, which provides the lowest sale price of an NFT collection recorded on the blockchain during a given time window. Additionally, DIA offers the Moving Average of Floor Price, which returns the moving average of a collection's floor price.
It's important to note that market manipulation techniques, such as wash trading and sweeping the floor, can impact the floor price. However, DIA's filtering mechanisms help produce more market-representative prices and mitigate the effects of manipulation.
Overall, DIA employs data cleaning, outlier detection, and specific pricing methodologies to compute trade data from Curvefi-Moonbeam and build accurate price feed oracles for both DeFi exchanges and NFT collections.
Instead of distributing pre-calculated data feeds, DIA covers the whole data journey from individual trade collection, and computation to the last mile of the feed delivery.