How to Connect All of DeFi Seamlessly | European Blockchain Convention 9

European Blockchain Convention (Nov 2023) · 30 Nov 2023 · 7:11

Demetrios Skalkotos presents a single API layer that connects wallets, trading apps and compliance firms to DeFi venues, arguing that integrating separately with each fragmented protocol is too heavy for an in-house team. He cites an internal cost analysis of just under a million dollars per protocol for that work. The pitch covers swaps, lending, oracle prices, bridges and yield aggregators across 15 EVM and non-EVM chains, plus historical and streaming transaction data for reconciliation, compliance, tax and accounting.

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From European Blockchain Convention (Nov 2023), hosted by European Blockchain Convention.

Transcript

[Music] Demetrios scalos welcome good to meet you Haro good to meet you my friend grab a mic grab a pointer we are all good premium.com [Music] hi guys can you hear me okay all good all right hopefully I'll keep keep you awake and uh not too bored about everything defi uh so um I'm at the CEO of expand. network and uh we're uh going to talk to you today a little bit about

how to connect seamlessly to defi so trusted uh Outsource service provider the defi landscape as you guys probably know is very complex it's everchanging there's a lot of moving Parts uh it's uh very fragmented and it's very difficult to integrate individually into all these particular nodes uh all these particular dexes are coming out with uh new capabilities and new versions and it's hard to keep up so what we're trying to do is make sure that we can seamlessly uh provide a connectivity layer for all of you to connect uh seamlessly to what you want to do within dii so as you can see this is the landscape of defi a lot of folks on the deck side really focus on the liquidity

aspects which is really the swaps and the training side but there's a ton of other uh components within with within the defi landscape the yield aggregators the oracles Bridges Dex aggregators synthetics lending and barring protocols um liquid staking and and and all the nft data so there's a lot of a lot of components that a Dev team an internal Dev team would need to integrate into and it's a lot to take on we've outsourced uh we've done a cost analysis that it's about just shy of a million dollars per protocol for an internal Dev team to kind of get up and going so that's a lot so you need to consider some type of a trusted outsourc

service provider uh that can help your team scale specifically if you're focused on an external platform your user interface uh and what the capabilities are of what your clients are asking for you to do so if we can come in and be the backend Plumbing for you to help you scale much more quickly and efficiently and effectively uh that's what we're aiming to do again the benefits of an Outsource service provider is that's our singular focus our job is to stand up nodes our job is to stand up services our job is to integrate with the smart contracts our job is to provide the abstracted connectivity so it's easier for you and your Dev team to plug into a an API and to plug into your back end and configure

the front end as you want your customers to see what you want to display so again our job is to simplify the Integrations our job is to provide you a cost cost effective solution and our job is to allow you to get to Market much more quickly and efficiently than than doing it yourself at expand you know we're our job is really built a single abstracted middleware connectivity layer we're not a smart contract provider we're really directly directly integrating into the smart contracts of the venue of choice whether it's a DEX a DEX aggregator a bridge your yield protocols what have you our job is to integrate there and show you uh the activity directly in there so we do integrate with Dex uh aggregators um

and they're the you're integrating with their smart contract and then eventually transitioning through that but our job is to really provide seamless execution for swaps provide you connectivity for Lending protocols providing you access to all the Oracle so you can make sure you're getting the best prices we want to also provide data both historical data and transactional data in your streaming trades to make sure you have have it for your trade reconciliation for all your compliance purposes and for your uh tax and accounting purposes and gu uh pricing so this is what we do every pretty every digital asset cohort has the capability to interact with uh with the expand uh seamless single API so

we've integrated with wallets we've integrated with uh trading firms we've integrated retail trading apps we've integrated with tax and accounting firms we've integrated with appli uh compliance and analytical firms uh all for a a single component of what they want within the defi EOS system nft data uh and theik so we've integrated with uh 15 different chains uh both evm and non evm chains most of again the Dex uh providers today are only focused on evm chains we're also providing connectivity to non- evm chains uh we've got uh two Bridges we're adding a third we've got the third uh lend protocols you got yield aggregators oracles we're going to be adding pith as a third protocol and

we're also going to be adding base coinbase is base layer two uh down the road and we'll be adding a Lio staking so again one seamless abstracted middleware connectivity layer for anything that anybody wants to do with Indi whether it's trading or the data component and I'm happy to take any questions that you have was that a question my dear do you oh no sorry you were just like punching the air punching the air with joy um okay we do have a little bit of time for questions we have we do have a few minutes for questions do we have any questions from the audience questions questions so um remind me so these this

is a link to a free API key so again who are the kind of people sitting in the audience who should be reaching out to you investigating the API key getting on board finding the Demetrios demo expand. network uh what kind of people should be doing this uh wallet providers uh retail trading apps market makers um anybody on the compliance side yield aggregation side should be connecting with us nice okay that is a good broad invitation uh and this is a solution that can help you do we have any questions about expand. Network about the API or indeed about Demetrius where you from where's your accent from um um born in the states so originally

from Chicago but I've lived on the East Coast now for too many years to count excellent I have family from Chicago way back in the day uh sadly I've never been there haven't been there yet I am going to make a musical pilgrimage to Chicago and visit the uh the slums of my forefathers um but yeah I'm looking forward to that but I've heard great things about Chicago and of course the blue scene there is you know Second To None right um going once for questions for Demetrius any questions because we do have these experts on the stage going twice okay I believe that's it you answered everything in your presentation big round of applause for Demetrius scal cotos from Chicago yes