The need for such a tool arose from Cumberland's own experience.
Cumberland Labs, a global blockchain incubator and arm of the crypto trading firm Cumberland, has recently introduced an Application Programming Interface (API) tool in beta version that aspires to bridge the gap between blockchain and DeFi protocols integration.
As the company expressed, the necessity for such a tool arose from its own experience. The team behind the company had to face the time-consuming challenges of manually and individually establishing connections with multiple protocols.
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In search of a solution to alleviate this predicament, the firm found no existing instrument suitable and decided to leverage its resources to create a unique API service known as expand.network. The project has been in testing since November and is now accessible to the public in its beta form.
Expand.network seeks to provide connectivity to chains and protocols, creating a more versatile and inclusive solution for navigating the DeFi ecosystem.
Cumberland Labs COO, Tama Churchouse, shared that they were initially looking for a tool akin to the ccxt library, employed for centralized exchanges.
We were exploring DeFi trading and sought a tool similar to the ccxt library used for centralized exchanges, which could connect to any DeFi protocol or blockchain. To our surprise, no such tool existed.
The innovative solution presented by Cumberland Labs strives to provide both read and write connectivity to significant public blockchains and DeFi protocols. This is geared towards aiding developers in seamless interaction across multiple protocol APIs and software development kits (SDKs).
The low-code tool plans to support Ethereum Virtual Machine (EVM)-compatible chains, which include Ethereum, BNB Smart Chain, Avalanche, Polygon, Cronos, Arbitrum, and Optimism, as well as non-EVM-compatible chains like Near, Solana, Tron, and Algorand. Future support is expected for Sui, Aptos, Lido, StarkNet, and LayerZero.
