Back to blog
October 10, 2024 · 3 min · SQD Team

How Polimec uses SQD data to provide compliant DeFi

Case Study DeFi Compliance
How Polimec uses SQD data to provide compliant DeFi

Overview

Polimec is a financial market settlement layer that facilitates trustless deal access and execution for web3 projects and investors. The platform simplifies project investments while maintaining regulatory compliance.

  • Chains indexed: Substrate chains
  • Key feature: Real-time indexing and native Substrate integration
  • SQD use case: Indexing onchain data for seamless user experience
  • Competitive advantage: High performance, minimal delays, customizable queries

Challenges and Solutions

Polimec addresses two critical issues for launching projects: maintaining regulatory compliance while preserving crypto-native accessibility, and managing counterparty risk through on-chain settlement.

The protocol enables transparent, trustless fundraising with regulatory flexibility across jurisdictions. However, managing data retrieval across multiple chains presented obstacles.

SQD became instrumental in solving these data challenges. The team integrated SQD into their workflow and were able to start leveraging capabilities for token tracking and distribution.

Key Benefits Realized

Real-time data access enabled efficient onchain data retrieval, supporting smooth user experience development.

Customization capability allowed Polimec to tailor the data they extract for specific compliance and business needs.

Scalability proved essential as the protocol expands. The team noted that SQD’s infrastructure can handle the increasing demand across multiple chains.

Working Relationship

Polimec praised the SQD team as highly responsive and technically skilled, appreciating the support throughout scaling operations.

Want to learn more about SQD?