The lending protocol platform of WePiggy announced a strategic partnership with PARSIQ, the next-generation platform for advanced Blockchain technology analytics. The two platforms of WePiggy and PARSIQ are looking forward to exploring new grounds for technology integrations for the development of a DeFi ecosystem. PARSIQ supervises the on-chain data in real-time to create automated workflow charts for off-chain applications and devices. PARSIQ’s proprietary programming language, PARSIQL, enables users to supervise and interpret data at multiple Blockchain networks.
The partnership with PARSIQ shall enable WePiggy, a non-custodial, open-source lending protocol for cryptocurrency assets, to ensure that the users can be aware of asset appreciation and maximize asset utilization across multiple networks. WePiggy is also focusing on creating a diverse lending market apart from working on optimizing the efficiency of execution of smart contracts and the expansion of business logic dimensions. At present, WePiggy seeks to put its multi-chain deployment plan into action for Polygon, Huobi Eco Chain, Binance Smart Chain, OKExChain, Ethereum, and unique Layer-2 and public networks.
Through the partnership, the platform of WePiggy shall be able to employ the Smart Triggers of PARSIQ to enable the use of smart contracts in the real world. The Smart Triggers are workflow charts that provide apps and web services with on-chain data for triggering off-chain actions. These Smart Triggers can operate on a blockchain network. The Blockchain-agnostic nature of Smart Triggers makes the application accessible at different Blockchains that include Ethereum, Bitcoin, Algorand, Binance Smart Chain, Solana, Dash, and many more.
One of the partnership objectives is to integrate the technology of streaming data in real-time of PARSIQ with the lending protocol application of WePiggy to enhance the data analysis capability of the platform, improve its security, and upgrade its notification system.