Nansen announces seed round for APY.vision

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on May 12, 2022
  • Nansen will also complete a third-party data integration
  • APY.vision is an analytics platform that assists liquidity providers contributing capital on AMMs
  • 70k+ liquidity providers are helping DeFi market makers on APY.vision track over $10 bln in TVL

Nansen, the industry-leading blockchain data analytics platform, announced participation in an ongoing seed round for APY.vision, a key DeFi data platform, Invezz learned from a press release.

The platform will also complete a third-party data integration to coincide with its seed investment. This is one of the first times Nansen has incorporated external data.

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APY provides clarity for LPs on AMM protocols

APY.vision is an analytics platform that assists liquidity providers contributing capital on Automated Market Making (AMM) protocols by providing them with clarity. At present, more than 70,000 liquidity providers are helping DeFi market makers on APY.vision track over $10 billion in TVL across 10 different blockchains.

The new platform enables DeFi investors to make confident investment decisions by tracking their entire DeFi transaction portfolio on-chain history.

This is one of the first third-party data integrations for Nansen, which mostly relied on in-house blockchain data in the past. It will introduce a dynamic experience for users beyond data due diligence, adding a discovery element that provides investors with a more holistic view of their holdings as well as access to new investment opportunities. 

John Calabrese, Head of Product at Nansen commented:

We have long term goals of making Nansen a one-stop-shop for on-chain data. We are very excited to have successfully integrated APY.vision and added it to our growing list of Web3 investments as we believe that this will allow us to usher in a new stage of growth for both the platform and the ecosystem as whole.

APY data is easy to access on Nansen home screen

The first integration will display APY data in the home screen “Nansen Hot Contracts,” enabling users to assess the state of liquidity mining rewards as well as judge not just the popularity of emerging contracts among Smart Money.

At the beginning, this functionality will only be available on the Ethereum Mainnet. In the future, it will move to Fantom, Polygon, Avalanche, and other supported chains.

Sort by Yield and Paradise section coming up

Nansen plans additional integrations and milestones in the next few months, including a dedicated “DeFi Paradise” section to help users find the best yields and options for clients to “sort by yield” within Token God Mod. New data will enable full portfolio tracking and enhanced wallet profiling. It will also be possible to track deposit and earnings thanks to this.

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