Cumberland Labs Launches API Service Platform Expand.Network
The public version of Expand.network has now been released. According to Cumberland Labs, Blockchain developers and digital asset dealers can save time and energy by using the only API service in the world to provide read and write access to all major public blockchains and DeFi protocols.
The implications for the DeFi market
Connector API service platform Expand.network provides a centralised point of entry for reading and writing data to popular blockchains and smart contract technologies. Its application programming interface (API) framework is a one-stop shop for developers to do chain inquiries, trade preparations, and other transactions. In a crucial aspect, users always keep control of their private keys and never have to rely on a third party to safeguard their assets.
With full compatibility for all major layer-1 and layer-2 chains, as well as DeFi protocols including decentralised exchanges, lend and borrow protocols, yield aggregators, and oracles, Expand.network says it is prepared to address multibillion-dollar inefficiencies in the emerging blockchain industry.
Aptos, Sui, Lido, LayerZero, and StarkNet chain support, along with other DeFi protocols, will be available in the forthcoming Expand version. Expand currently works with Ethereum, Binance Smart Chain, Avalanche, Polygon, Cronos, Arbitrum, and Optimism, among other EVM-compatible and non-EVM-compatible networks.
Expand is the newest startup to come out of the Web3 incubator run by Cumberland Labs, which conceived the idea, built it, provided early finance, resources, and advice. In February, Cumberland Labs introduced Hashnote, the first institutional-grade investment management platform for DeFi that complies with all applicable regulations. The launch of Expand.network furthers the incubator’s mission to foster the development of startups that focus on providing innovative solutions to problems.