YIN Finance is a liquidity management-oriented platform. They have partnered up with PARSIQ, a blockchain analytics platform, to improve the communication of on-chain liquidity information. YIN executives believe that the PARSIQ platform will make it easier to monitor real-time on-chain data. In addition, YIN Finance plans to set up ‘smart triggers’ with the help of PARSIQ to make automated workflows for off-chain devices and applications.
DeFi mining-related projects usually require the active monitoring of users for liquidity management. If this process is not executed properly, there could arise instances of asset staking without any rewards being won. As YIN Finance also manages user liquidity, they want to utilize PARSIQ services to solve this issue.
YIN will use PARSIQ to deliver on-chain information reliably and instantaneously to users. The deliveries will be executed through social media platforms like Discord and Telegram or through email services. YIN will be able to instantly inform users about any changes in the market’s liquidity positions, and users will be able to stake their assets more effectively.
PARSIQ works with blockchain monitoring and automation to bridge off-chain applications with the blockchain. PARSIQ works by using the ParsiQL language to monitor the streams of data being generated in a blockchain.
YIN Finance has paired with PARSIQ, hoping that their new technology will create high yield liquidity management solutions for their clients. At present, YIN Finance is only applicable on Ethereum. But they are trying to expand their services into other decentralized blockchains like Polygon and Solana as well. If YIN Finance and PARSIQ can successfully harness their specialized services, they may create an invaluable solution for the world of decentralized blockchain trading.