Jessie A Ellis
Dec 04, 2024 22:09
Uniswap (UNI) Labs partners with Fireblocks to enable financial firms to tap into DeFi through Uniswap’s Trading API, offering deep liquidity and competitive pricing.
In a significant move to broaden the reach of decentralized finance (DeFi) to institutional investors, Uniswap (UNI) Labs has announced a strategic partnership with Fireblocks. This collaboration aims to allow asset managers, hedge funds, and other financial entities to directly access the Uniswap Protocol’s deep liquidity and competitive pricing via the Fireblocks platform, according to Uniswap Protocol.
Expanding DeFi Capabilities
Fireblocks, a digital asset operations and payments platform trusted by over 2,000 clients worldwide, is now integrating Uniswap’s Trading API to meet growing demand among financial institutions for secure and scalable access to DeFi solutions. Michael Shaulov, CEO of Fireblocks, emphasized the increasing appetite for DeFi, noting that this partnership will enable clients to diversify their digital asset portfolios effectively.
Features of the Integration
The Uniswap Trading API, developed by the team behind the Uniswap Protocol, which has handled $2.5 trillion in all-time volume and over 465 million swaps without any security breaches, is central to this collaboration. Through the Fireblocks platform, clients will benefit from:
- Competitive Pricing and Deep Liquidity: The integration provides access to both onchain and offchain liquidity, offering an average price improvement of 4.6 basis points compared to major aggregators.
- Simplified DeFi Trading: The API simplifies onchain trading complexities such as gas estimates, slippage calculations, routing options, and USD conversions.
- Vast Asset Selection: Users can access thousands of assets across 12 different blockchain networks, including Arbitrum, Avalanche, Ethereum, and more.
Strategic Implications
The partnership between Uniswap and Fireblocks is poised to significantly enhance the accessibility and appeal of DeFi solutions for institutional investors. By streamlining the trading process and providing robust security and liquidity options, this collaboration is set to pave the way for more traditional financial institutions to explore and integrate DeFi into their operations.
This development aligns with a broader trend of increasing institutional interest in decentralized finance, as financial firms look to leverage the benefits of blockchain technology to enhance their service offerings and operational efficiencies.
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