PARSIQ is pleased to announce its strategic partnership with Hypersea, to provide data crucial to the development of the mathematical models used to establish the DEX.

Introduction to Hypersea

Hypersea is a next-generation DEX that has intelligent liquidity management. Their purpose is to make it easier for liquidity providers and traders to trade optimally. Hypersea Adaptive Automated Market Maker establishes a new standard for rationally absorbing external data from oracles and carefully merging it with internally measured trading behavior in order to determine the appropriate liquidity provisioning approach.

Hypersea is the brain-child of prolific blockchain engineer Anatoly Ressin  — the co-founder of PARSIQ and IQ Labs.

The Hypersea team has big expectations for a successful app launch in Q4. Take a look at their roadmap below to see what’s coming up.

Partnership Highlights

PARSIQ provided vital blockchain data that was critical to the construction of the precise mathematical models that served as the foundation for the Hypersea DEX.

Users who meet all three requirements will receive an airdrop of the Hypsersea token $HYPS at TGE.

• Stake your $PRQ! Those who have been, currently are, or begin staking between now and the $HYPS TGE will qualify. (For each stake $PRQ during 1 block users get 1 point, points will be calculated starting from the creation of the PRQ renting pool until the date of airdrop for every user. We see every single movement in a blockchain. We are PARSIQ after all!)
• At the moment of Airdrop have a non-zero stake $PRQ in IQ Protocol
• Users should register in the Hypersea Airdrop program.

Airdropped tokens will locked  for a month to prevent an immediate sell-off.

How exactly will the airdrop work?

• It is important to apply to the program. You just go to the address [URL will be announced later in Hypersea media channels], and connect your wallet with the address that was used for $PRQ staking
• Users will submit their Solana Address (e.g. from Phantom wallet)
• Once per day we will calculate how many token-blocks you’ve staked so far. This makes 100 PRQ staked for a year more valuable than 10,000 PRQ staked for one day (Actually, 100 PRQ staked during a year is equal to 36,525 PRQ staked during a day)
• At the date of TGE [To Be Announced in Hypersea media channels], the total amount of $HYPS (60 000 USD in value) will be distributed automatically between all applicable participants proportionally to their token-blocks metrics.

About Hypersea

Hypersea — the new generation DEX with smart liquidity management. The goal is to facilitate optimal trading between liquidity providers and traders, by maximizing LPs yields, minimizing slippage for traders, and protecting the liquidity by applying automatic adaptive risk management procedures.

Website | Twitter 

About PARSIQ

PARSIQ is a full-suite data network for building the backend of all Web3 dApps & protocols. The Tsunami API provides blockchain protocols and their clients (e.g. protocol-oriented dApps) with real-time data and historical data querying abilities.

Website  Twitter 

SOURCE

https://medium.com/parsiq/parsiq-x-hypersea-strategic-partnership-bdd17a5a0eaa

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Furthermore, no longer will it take hours or days to access and collect data, and no longer will it take weeks to restructure that data. With PARSIQ, the process is nearly instantaneous. They are capable of providing data for 6,288,000,000 transactions in under 1 second!

Parsiq aims to become the go-to, full-suite data network for building the backend of dApps & protocols across all of Web3. And they’re already paving the way to realize its goal. No one currently offers the same services — with the same level of efficiency, comprehensiveness, and speed — as PARSIQ will with the new products they are creating.

Parsiq stack of products is a complete package, ready “out of the box”, allowing users to access and manipulate data however they like and in whatever language they prefer. Whether it be historical data and indexing, real-time data and monitoring, or even data storage, the ease of accessing and utilizing Web3 data from the PARSIQ Network is unmatched.

Its flagship product — the Tsunami API — is slated for launch in July of 2022. So, all of this is less than a couple of months away!

Additionally, Parsiq will focus specifically on the first three products (of several) that they are preparing for launch: the Tsunami API, Data Lakes, and Data Hubs.

PARSIQ Network Products

In the coming months, PARSIQ Network is planning to launch our Tsunami API, Data Lakes, and Data Hubs. Already in a successful alpha testing phase, the Tsunami API is scheduled for release in July of this year.

Moreover, while each of these products is unique and serves its own role when taken together, they form the basis of its platform’s ability to provide Web3 dApps and protocols with solutions for all their data needs. This includes real-time data, historical data, data storage, and more.

The Tsunami API: Instant Web3 Data

The Tsunami API is the core API created by the PARSIQ Network. Tsunami provides Web3 dApps and protocols access to the full spectrum of data on a given blockchain. Providing raw data — both real-time and historical — will enable its clients to track any kind of events, metrics, or statistics they desire, such as TVL, liquidity, current and historical token prices, user balances, and more.

Data Lakes: Custom-Tailored Data Made Accessible and Easy

The Data Lakes created by the PARSIQ Network will be specialized and custom-tailored lakes, dedicated to each individual decentralized app or DeFi protocol. They will dedicate the sites for any and all of the data generated by a specific project, platform, or protocol.

Data Hubs: Rendering Web3 Data Secure, User-Friendly, and Reliable

Data Hubs are a bit easier to explain than everything covered in the Tsunami API and Data Lakes. This is because, just as Data Lakes are an extension of the Tsunami API, Data Hubs are an extension of Data Lakes.

Specifically, Data Hubs are a data storage solution for custom-tailored data of the dApps and protocols supported by Data Lakes. Every Data Lake has its own unique Data Hub. However, Data Hubs are not as open and expansive as Data Lakes. They contain, instead, only the data specific to the particular dApp or protocol supported by the Data Lake.

With its new suite of products, PARSIQ Network will set a new standard for Web3 data and become the go-to backend solution for all Web3 data needs.

ABOUT PARSIQ

PARSIQ is a full-suite data network for building the backend of all Web3 dApps & protocols. The Tsunami API launches in July 2022. It will provide blockchain protocols and their clients (e.g. protocol-oriented dApps) with real-time data and historical data querying abilities.

The post Introducing Parsiq Data Hub appeared first on Smart Liquidity Research.

$PRQ will begin trading on Coinbase on June 22 at 9 am PT 4 pm UTC), and will have a $PRQ/USD and $PRQ/$USDT trading pairs. Head over to Coinbase.com or use the Coinbase app to begin trading!

In addition to Coinbase, $PRQ has been listed on Crypto.com, Crypto.com App, and Huobi Global Exchange in Q2 of this year. You can also trade $PRQ on KuCoin, OKEx, MEXC Global, Gate.io, and CoinMetro amongst the exchanges already offering $PRQ as well as DEXs such as Uniswap and PancakeSwap.

About $PRQ’s listing on Coinbase, PARSIQ CEO, Tom Tirman, said:

The PARSIQ team is always pressing forward, improving our tech and offerings. We’re very proud to announce that the $PRQ token is now listed on Coinbase, one of the premier exchanges worldwide. With our new flagship products being launched this year, this listing is only further evidence of the success PARSIQ will achieve.

What is PARSIQ up to?

With their new flagship Tsunami API preparing to ship in July, 2022. It would be an understatement to say that PARSIQ has been working hard this year.

The listing of $PRQ on Coinbase follows in the wake of the announcing thier successful testing phase of the Tsunami, the first in a suite of flagship products they are currently preparing.

Together, these new products — the Tsunami API, Data Lakes, and Data Hubs — will set a new standard for Web3 data delivery, and position us as the go-to backend for Web3 applications, akin to Google’s Firebase on Web2.

Their aim is to become the go-to, full-suite data network for building the backend of dApps & protocols across all of Web3. And they’re already paving the way to realize their goal. No one currently offers the same services with the same level of efficiency, comprehensiveness, and speed — as PARSIQ will with the new products we are creating.

No longer will it take hours or days to access and collect data. And no longer will it take weeks to restructure that data. With PARSIQ, the process is nearly instantaneous.

In tandem with their growth, they are offering those who stake their $PRQ on IQ Protocol some great incentives. Specifically, there is a 2x Yield Boost Incentive and a Free $IQT Incentive available during Q2, 2022.

About PARSIQ

PARSIQ is a full-suite data network for building the backend of all Web3 dApps & protocols. The Tsunami API, which will ship in July 2022, will provide blockchain protocols. And their clients (e.g. protocol-oriented dApps) with real-time data and historical data querying abilities.

Website | Twitter

About Coinbase

Coinbase is an American company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work and the company lacks a physical headquarters. It is the largest cryptocurrency exchange in the United States by trading volume.

WEBSITE | TWITTER

SOURCE: MEDIUM

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