Algorand

SubQuery Network

<p>SubQuery has announced a partnership with Folks Finance, a new <a href="https://blockchainreporter.net/defi-decentralized-finance/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> platform that integrates lending, borrowing, trading, and asset management. This partnership will expand and accept <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> technologies in Algorand, boosting SubQuery and Folks Finance to unprecedented success.</p><h2 id="header-0">SubQuery’s Data Indexing Solution Set to Revolutionize Ecosystem App Development</h2><p>The partnership includes SubQuery’s indexing, which will help Folks Finance developers query their smart contracts for data. Developers will be paid for their efforts. SubQuery and Folks Finance’s integration builds Web3 technology in Algorand, a huge achievement for both organizations.</p><p>SubQuery’s Folks Finance data indexing solution is a big developer development. This flexible, fast, open, and decentralized technology might revolutionize ecosystem app development. Blockchain developers may manage and access on-chain data for protocols and apps with this tool. SubQuery’s customized API lets developers focus on product development and user experience rather than indexing solutions.</p><p>This partnership pleased SubQuery’s founder and CEO, Sam Zou, who noted Folks Finance’s dominance in decentralized finance. Developers can expand their operations with SubQuery’s quick, versatile, and accessible data indexer. Zou emphasized SubQuery’s open-source SDK, tools, documentation, and developer support for comprehensive indexing.</p><p><a href="https://folks.finance/" rel="noopener noreferrer nofollow">Folks Finance</a> has advanced decentralized finance with Folks Router, its own <a href="https://blockchainreporter.net/glossary/decentralized-exchange-dex/" rel="noopener noreferrer nofollow">DEX</a> Aggregator. This platform streamlines native asset exchange. <a href="https://subquery.network/" rel="noopener noreferrer nofollow">SubQuery</a> indexing helps Folks Router store and filter smart contract data. Critical metrics can now be generated and accessed. Decentralized indexing from the SubQuery Network may benefit Folks Finance developers. Their talents and products will improve.</p><h2 id="header-1">Stefano Faieta Welcomes SubQuery to Enhance Developer Experience at Folks Finance</h2><p>Stefano Faieta, Folks Finance’s Frontend Head, wanted SubQuery. The SubQuery speeds up and optimizes data retrieval for developers, reinforcing their commitment to an excellent developer experience that fosters innovation and adoption in Folks Finance.</p><p>SubQuery developers may quickly create bespoke <a href="https://blockchainreporter.net/glossary/decentralized-applications-dapps/" rel="noopener noreferrer nofollow">dApp</a> and <a href="https://blockchainreporter.net/glossary/smart-contract/" rel="noopener noreferrer nofollow">smart contract</a> APIs. The platform provides many services that clean and organize data for API calls and mapping libraries. SubQuery provides advanced infrastructure project methods, including automatic DOS mitigation. Importantly, SubQuery ensures developers it will not terminate managed service.</p><p>Multi-threading and store optimization boost SubQuery performance. SubQuery reduces database write costs, speeding synchronization. Iteration and feature release accelerate with developer agility. SubQuery and Folks Finance’s partnership should boost DeFi and the <a href="https://algorand.com/" rel="noopener noreferrer nofollow">Algorand</a> ecosystem.</p>

SubQuery and Folks Finance Partner to Fuel Algorand’s Web3 Growth

Table of Contents

BlockchainReporter

Other articles published on Oct 26, 2023

Sen. Warren and more than a hundred lawmakers letter the Treasury and White House on terrorism an...

Gensler remarks ‘don’t get me started on crypto’ reaffirming most digital assets are securities

Unexpected Decision from ECB: Interest Rates Remain Unchanged

Bitcoin’s Rising Dominance: A Premonition for Altcoin Rally?

Setback for UK’s Ambition: International AI Safety Agreement Faces Challenges

FTX’s $6.5 Million Donation to Nonprofit CAIS Under Scrutiny in Bankruptcy Proceedings

Join our free newsletter for daily crypto updates!