What is known about Cumberland Labs
This blockchain incubator belongs to Cumberland. It was founded in 2014 and acts as a leader in global trade and the creation of the crypto market. The project is also supported by DRW, launched in 1992. It also engages in global trade and creates markets.
The laboratory has a strict definition of approaches to its projects:
- Providing full support, starting from the development and creation of the blockchain design, ending with market entry.
- Directing a wide range of resources to help teams navigate the path to a successful outcome.
- The involvement of significant capital and business technical capabilities for the development of their own projects.
In fact, the laboratory helps to create and develop cryptocurrency projects before their successful implementation on the market. After that, she gives them tremendous support.
Cumberland Labs has already launched several projects, such as Hashnote, Digital Asset, Digitali. The latter is currently in beta testing. On May 8, it became known about the launch of another crypto project — Expand Network.
Universal Web 3.0 Adapter — Expand Network
This project is based on the development and implementation of smart contracts and decentralized finance. Thanks to them, safe and transparent operations are carried out.
The project itself will become a gateway for using a variety of Web 3.0 protocols. It provides a common interface through which you can use absolutely all the capabilities of decentralized systems.
The project offers several key and innovative solutions that allow you to change the digital landscape. These include:
- Protocol integration. The project allows you to connect to DeFi protocols, interact with it and diversify services.
- Data aggregation. You can track the cost of tokens in real time, follow the history and metrics. Thus, it becomes possible to make informed decisions and monitor the activity of decentralized finance.
- Connecting wallets. They can also be integrated for asset management, transaction management. It becomes possible to safely interact with decentralized protocols.
- Trade reconciliation. Allows you to compare and verify data from different sites in order to get accurate information about the operations performed.
- Transparency of operations. You can track the data in the chain online. These include address operations and streaming information of coin pairs simultaneously on several DEX.
- There are various options for conducting transactions. These include SWAP, lending, loans, liquidity, etc.
- Risk management. Tools can be developed to control risks and assess losses. By integrating protocols, it is possible to reduce the investment risks of decentralized finance.
The point is to connect to various protocols through the API and interact with them directly from one place. The representative of the laboratory noted that the team studied the trade of decentralized finance. They have been looking for a tool for a long time that would be similar to the ccxt library used by centralized exchanges. They wanted to be able to connect to absolutely any protocol or blockchain. However, they did not find such a tool, so they decided to create their own.
Expand Network will allow developers to reduce the need for coding. It will work both with EVM (Ethereum Virtual Machine) and with other networks that do not work with it. It is planned to hold the first round of project financing at the end of the year.
