Unmarshal, multichain DeFi Data Network, has made the news for two important reasons. Firstly, the whitelist for Polkastarter IDO is now open, and second, their strategic partnership with Frontier, a chain agnostic DeFi aggregation layer.
Unmarshal recently closed its funding round and raised $2.6 Million backed by industry big-wigs such as Woodstock, Black Edge, GBV, NGC, and Spark. The next phase is to make their native token, $MARSH, available to their community through the Polkastarter IDO.
What Is Unmarshal?
The Unmarshal network facilitates seamless access to data on the blockchain by providing smart data solutions for DeFi applications. Currently, it provides added support for Ethereum, Binance Smart Chain, Elrond, PolkaDot, and Substrate-based projects such as StaFi. The protocol combines its functionality with these platforms and addresses the large data limitations of DeFi applications.
Their token $MARSH has three prominent use cases:
- Data consumers using Unmarshal can stake these tokens for infrastructure service.
- Indexers can stake $MARSH token to become node operators to provide indexing and query processing.
- Reward tokens for network contributors and their services to the network.
Frontier's Partnership With Unmarshal
Two days after the IDO announcement, Unmarshal is in the news again for their strategic partnership with Frontier. The partnership will provide users with a powerful aggregation product. Frontier accesses data from various protocols and on-chain data, providing protocol tracking, staking, best-rate asset swapping, liquidity provision, CDP creation & monitoring.
The partnership will enable Frontier to query information to their front-end application, helping users be data-driven with an intuitive user experience. Unmarshal's infrastructure support provides Frontier with rich and decoded wallet balances, protocol positions, collateralized debt positions, and push notifications.
Ravindra Kumar, CEO of Frontier, spoke about the partnership saying,
"We are excited to partner with Unmarshal. We have been using Unmarshal's rich data to power our interface to fetch data across multiple blockchains such as BSC, Polkadot, and Stafi etc the developer support and the turn around time is quick and we look forward to add more endpoints as we expand to other blockchains."
Unmarshal’s Whitelist Details For Polkastarter IDO
Unmarshal released the details of their IDO whitelist, a three-day event starting from March 22nd. Interested members will have to complete a set of tasks to get a spot on the IDO, as specified on their blog post; the whitelist details are as follows:
- March 30th, 2021; Exact Time TBA
- Token price: $0.17 per token
- Total to Raise: $204,000
- Public Pool & POLS Pool: Public Pool Allocation is $102,000 worth MARSH and POLS Pool Allocation is $102,000 worth MARSH (Divided into equal 50:50 ratio across both pools)
- $300 per account
Participants are required to whitelist. POLS and non-POLS token holders must complete the whitelist tasks to qualify for the lottery draw.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.