Blockchain API provider Covalant (CQT) announced on the 21st that it has formed a partnership with CrossFi Chain to provide financial solutions on a global scale.
CrossFi is a decentralized finance (DeFi) project that attempts to connect the isolated liquidity of existing public chains. Through this collaboration, CrossFiChain plans to use Covalant's standardized data to improve the environment and performance of its testnet and dApp, xApp. xApp is a DApp that provides swap, liquidity provision through AMM, and deposit in the CrossFi ecosystem.
Covalant said that this collaboration will contribute to optimizing CrossFi's operations, improving user experience, and ensuring the safety of the ecosystem by utilizing blockchain data. Ganesh Swami, co-founder of Covalant, said, “Through our partnership with CrossFi, we will enable smooth transactions in line with the transparency and innovation of blockchain technology.”
“We are excited to collaborate with Kovalant to further enhance our testnet capabilities,” said Mamasidikov, founder of Cross Finance. “Kovalant’s blockchain data infrastructure will help improve the efficiency and accuracy of the test environment.” “We expect that,” he said, adding, “We will provide more refined and safer products to users in the future.”
