How Polimec uses SQD data to provide compliant DeFi
Quick description of Polimec: Polimec is a financial market settlement layer, facilitating trustless deal access and execution for web3 projects and investors. It simplifies project investments while ensuring compliance.
Chains indexed: Substrate chains
Make or Break feature: real-time indexing and native Substrate integration
Using SQD for: indexing all relevant onchain data to deliver a seamless UX
Only possible with SQD: high performance, minimal delays, and customizable query functionality.
How Polimec leverages onchain data from SQD in their data stack
New projects face numerous challenges when launching today. Two critical areas that need addressing are maintaining regulatory compliance while upholding the crypto-native values of accessibility and managing counterparty risk.
Polimec has built a protocol that enables projects to launch their own fundraising initiatives in a transparent, trustless, and accessible manner, ensuring regulatory compliance while eliminating counterparty risks by settling everything on-chain.
With the upcoming white-label solution, financial intermediaries will be able to provide their clients direct access to fundraising opportunities through their own UI, creating a new revenue stream and significantly expanding the investor reach of the protocol.
Developing such a platform has not been without challenges.
On the regulatory side, the team ensured that the framework is flexible enough to adapt to various jurisdictions, given the decentralized nature of the protocol.
Adopting a multi-chain approach also requires considerable adaptability for integration and cross-chain settlements.
SQD contributed significantly by addressing challenges related to data retrieval and access.
“We integrated SQD into our workflow and were able to start leveraging its capabilities for tracking token issuance, distribution, and more.”
By accessing data in real-time using SQD as a source, Polimec gained efficient access to onchain data, facilitating the development of a smooth user experience.
Furthermore, SQD’s flexibility enabled Polimec to customize their queries and “tailor the data we extract for specific compliance and business needs.”
And with an eye toward the future and further expansion, the team was also looking for scalability.
“As Polimec continues to grow and fund projects across multiple chains, SQD’s infrastructure can handle the increasing demand seamlessly.”
From the beginning, SQD has been Polimec’s data source, and the team found the initial setup to be smooth “thanks to comprehensive documentation and support provided by the SQD team.”
On working with the SQD team
Working with the SQD team has been a positive experience for Polimec.
“They are highly responsive, technically skilled, and always willing to help tailor their solution to our evolving needs. Their support has been crucial not only during the setup phase but also as we scale Polimec across multiple blockchains.”
Learn more about Polimec here: https://www.polimec.org/