EigenPhi and ConsenSys Join Forces to Unveil Insights into DeFi Transactions Structures and Strategies

2023/11/02 09:25

EigenPhi, a decentralised finance (DeFi) data analysis company, has announced a strategic collaboration with ConsenSys, a blockchain and web3 software company.

“This partnership brings together the best of both areas—EigenPhi's expertise in near real-time on-chain data analytics and Consensys’s deep understanding of web3 users and builders activity and need,” said Mars Cheng, Founder and CEO of EigenPhi. “Together, we aim to foster a…
— EigenPhi HQ 🎯 Wisdom of DeFi (🔭, 🎙) 🦇🔊 (@EigenPhi) November 1, 2023

EigenPhi's proprietary algorithms to analyse publicly available on-chain data will support Consensys' efforts to benefit users by revolutionising the experience of transacting and expressing intents on public blockchain networks.

EigenPhi will regularly supply Consensys and its products and platforms, i.e., Metamask and Infura, with research reports, offering data-driven insights and analytics into transaction structures and trading strategies.

Mars Cheng, Founder and CEO of EigenPhi, stated:

“This partnership brings together the best of both areas—EigenPhi's expertise in near real-time on-chain data analytics and Consensys' deep understanding of web3 users and builders activity and need. Together, we aim to foster a more transparent, fair, and robust growth of the DeFi industry and the broader blockchain ecosystem. Our focus extends beyond mere transactional data to include the strategies that drive those transactions, providing a holistic view of the DeFi landscape."

Strategic Partnership in a Critical Time

Granular transaction analysis is essential for the DeFi space to develop into a complete financial infrastructure and see mass adoption.

The insights generated by EigenPhi's automated trade analyses will provide actionable intelligence for stakeholders, including Consensys, to optimise users’ transactions, including improving cost and inclusion.

Didier Le Floch, Engineering Leadership at Consensys, added:

“The real power of blockchain lies in its transparency and decentralised nature. This partnership will illuminate these aspects even further, shedding light on DeFi transactions structure and strategies. Consensys will leverage these insights to optimise transactions and improve outcomes for both users and builders. By enhancing and abstracting the experience of transacting and expressing intents on public blockchain, we further enable the next wave of participants and mainstream adoption."

Consensys

More news about consensys defi score

Jan 05, 2024 8:41 pm
Zeta Markets Announces End of Z-Score Season 1 and Start of Season 2
According to Foresight News, Zeta Markets, a DeFi derivatives protocol based on Solana, has announced that the first season of its Z-Score event will conclude early next week. The second season is set to begin on January 10th.
Nov 27, 2023 9:18 pm
ConsenSys' Layer2 Network Linea Launches Voyage Event Wave 4 Focused on DeFi Lending
According to Foresight News, ConsenSys' Layer2 network Linea has launched the Voyage event Wave 4, with a focus on DeFi lending. The event will last for 11 days, ending on December 5th. The Voyage event aims to promote the development of decentralized finance (DeFi) lending solutions on the Linea network. As part of ConsenSys, Linea is dedicated to providing a scalable and secure platform for DeFi applications. This latest event, Wave 4, will bring together developers, investors, and users to explore the potential of DeFi lending on the Linea network. The 11-day event will provide an opportunity for participants to learn about the latest trends and developments in the DeFi lending space, as well as to network with industry experts and peers.
Nov 10, 2023 6:45 pm
Certik Announces Skynet Security Score Available on Sonarverse
Certik posted on the X platform that the Skynet security score will be available on Sonarverse. It is reported that Sonarverse was founded in 2022 and is a Web3 data analysis platform.
Oct 28, 2023 4:28 pm
Solana ecological DeFi derivatives trading platform Zeta Markets launches Z-Score mechanism
Solana ecological DeFi futures and options trading platform Zeta Markets recently announced the launch of the Z-Score mechanism on the X platform to prepare for the issuance of coins. Traders now have the opportunity to accumulate Z-Score, improve their ranking, and build a reward base for the future. According to previous news in August, Zeta Markets announced the launch of the V2 version, adding a new cross-margin mode. Zeta Markets announced US$8.5 million in financing in December 2021, with Jump Capital leading the investment.
Oct 27, 2023 12:54 pm
Zeta Markets Launches Z-Score Based on Solana DeFi Derivatives Protocol
According to Foresight News, Zeta Markets, a DeFi derivatives protocol based on Solana, has announced the launch of Z-Score, the first step in releasing its token. Users can obtain a Z-Score based on their trading activity on Zeta, and a 24-hour profit and loss ranking will determine the reward multiplier. The first season of Z-Score will last until December 20th.Previously reported by Foresight News, Zeta Markets announced in December 2021 that it had completed an $8.5 million funding round led by Jump Capital. Other participants in the funding round included Race Capital, Electric Capital, DACM, Airtree Ventures, Amber Group, Wintermute, Sino Global Capital, Genesis Block Ventures, QCP Capital, Alameda Research, Solana Capital, MGNR, 3kVC, Orthogonal Trading, LedgerPrime, and SkyVision Capital.
Sep 19, 2023 8:36 pm
Galxe is gradually launching Galxe 2.0, including App, Smart Balance, Web3 Score, etc.
Odaily Planet Daily News Web3 credential data network Galxe announced that it is gradually launching Galxe 2.0, including Galxe mobile application (launched at the beginning of the fourth quarter), Smart Balance (publicly launched in late September), Web3 Score (already launched), Telegram & Discord Bot V2 and Galxe ID V2. The Galxe App allows browsing activities, searching project Spaces, managing Galxe ID Profiles, and more, and will be available on Testflight in early Q4 2023. Smart Balance allows users to deposit stablecoins and GAL tokens on the Galxe platform. The deposited tokens will be transferred to points in the Galxe smart balance, which can be used to pay gas fees without the need to cross-chain tokens between different chains. Galxe Smart Balance will be publicly launched in late September. Galxe ID V2 will support social login and multiple addresses and will be available on the website in late September.
Aug 30, 2023 11:59 pm
Consensys lawyer: Uniswap class action dismissed or sets precedent for DeFi platform-related cases
Odaily Planet Daily News Consensys lawyer Bill Hughes wrote on X that a class action lawsuit against Uniswap was dismissed by the court, which may set a precedent for future legal cases involving DeFi platforms, which more directly affects the current one than Ripple or Terraform Labs lawsuits. The application of securities laws to DeFi. Hughes said that Uniswap created the platform, which does not mean that Uniswap is responsible for fraud on the platform and the damage it causes. The court ruled: 1. The Uniswap platform is legally used in many cases; 2. There is no transaction between the plaintiff and the company behind the Uniswap platform/protocol; 3. The current securities law does not seem to involve the DeFi protocol itself against using its protocol to defraud others responsibility for the conduct. Hughes mentioned: "So this is very important, cryptocurrency lawyers will soon remember the citation of this case, we will pay attention to whether the plaintiffs appeal, they have the right to do so, this will be an important case for the Second Circuit to decide. " In previous news, court documents showed that a judge in the U.S. Southern District Court of New York dismissed a class action lawsuit against Uniswap and Paradigm, and the plaintiffs tried to make these companies responsible for the "fraudulent tokens" sold on Uniswap AMM. Community members commented that the judge’s dismissal of the class action largely means that protocol developers should not be held liable for wrongdoing by third parties.
May 24, 2023 8:15 pm
Nonprofit Energy Web Will Score Bitcoin Miners' Energy Consumption
Energy Web, a non-profit organization, will rate the energy consumption of bitcoin miners, mainly including the use of clean energy and the impact on the grid. The project is called Green Proofs of Bitcoin (GP4BTC), and GP4BTC program lead Amy Westervelt said Energy Web may charge fees to miners who want to be certified or users who want to access data.
Jan 20, 2023 10:02 am
Judge rules in favor of ConsenSys shareholders' request for ConsenSys audit
Switzerland's Zug Cantonal Supreme Court has ruled in favor of shareholders' request for an audit of the founding transaction of ConsenSys Software Incorporated (CSI). Codenamed "Project North Star", the transaction will transfer major products and business units (MetaMask, Infura, etc.) from ConsenSys AG in Switzerland to CSI in the US, and then based on ownership of these assets, CSI will raise funds between 2020 and 2022 $715 million. In December 2022, a judge at the Cantonal Court of Zug, Switzerland, granted ConsenSys AG shareholders a vote on the transfer of assets such as MetaMask and Infura to ConsenSys Software. Shareholders of ConsenSys AG asked a Swiss court in March to review a transaction between the two ConsenSys entities that transferred control of MetaMask and infrastructure provider Infura, among other things, with shareholders saying underlying intellectual property and subsidiaries were illegally transferred from ConsenSys AG (CAG) to The new entity, ConsenSys Software Incorporated (CSI), was used for financing. They also said the deal would benefit CAG's minority shareholders but benefit founder Joseph Lubin.
Dec 21, 2022 9:29 am
Swiss Judge Rules ConsenSys AG Shareholders to Vote on Valid Transfer of Assets to ConsenSys Software
A judge at the Swiss cantonal court in Zug has granted ConsenSys AG shareholders a vote on the transfer of assets including Metamask, Infura, and others to ConsenSys Software. A shareholder vote on this asset transfer will allow shareholders to legally represent that ConsenSys' most valuable asset has not been effectively transferred and is in fact still owned by ConsenSys AG. Foresight News previously reported that ConsenSys AG shareholders asked the Swiss court in March this year to review the transfer of control of MetaMask and infrastructure provider Infura between the two ConsenSys entities. (CAG) to the new entity ConsenSys Software Incorporated (CSI) and used for financing. They also said the deal would benefit CAG's minority shareholders but benefit founder Joseph Lubin.