OpenPool dives deeper into onchain events & transactions to surface robust token & DeFi reporting insights - so you don't have to
Welcome to OpenPool! 👋 Leverage our API or SDK for automated, high-quality, real-time & historical financial reporting data for DeFi, tokens, RWA Tokenization, and other dApp products. Say goodbye to the hassle of investigating complicated DeFi contracts, cleaning blockchain data and calculating financial metrics - sit back and let us handle it for you!
Choose OpenPool to Propel Your Product & Reporting Tools 🚀
Investigating and interpreting smart contract events & blockchain transactions is time-consuming, while creating accurate onchain P&L or tax reporting demands precision and financial know-how. DeFi is a particularly challenging area as each protocol is structured differently and offers different features. OpenPool's infrastructure is flexible and powerful enough to capture the nuances across DeFi protocols to deliver granular (block by block), high-quality data.
With OpenPool, you can build bespoke financial dashboards and internal reporting to support business operations and customer reporting needs in far less time (and far lower cost) than doing it yourself. At OpenPool, we pride ourselves in offering a unique approach to data indexing that sets us apart from other providers in the industry.
Ways To Leverage our Data 🔥
- DeFi Vault Performance & On-Chain NAVs: Track DeFi positions with precision - OpenPool ingests DeFi protocol activity on a block-by-block basis for maximum granularity. We break out your DeFi positions' Current Balance into Cost Basis/Principal vs. Income streams (rewards, interest, incentives) to accurately calculate P&L, income/expense accruals, and realization events at both vault or individual investor levels. We are also able to produce automated, on-chain NAVs for tokenized vaults.
- Tax Reporting: Reduce accountant billable hours and save money by generating inputs for Form 8949, Form 1065 Schedule K-1s, Form 1040 and more, including cost basis and short-term and long-term capital gains/losses, DeFi income, and realized P&L.
- Transfers Audit Trails & Smart Contract Event Reconciliation: Effortlessly audit and reconcile transfers and other smart contract events. Normalize payment histories in USD. Easily track cash flows from customers or to employees.
- Wallet Provider & dApp Solutions: Offer your users robust real-time or historical token market data and advanced performance analytics, enhancing user experience to take your product to the next level.
- Treasury Wallet Performance Reporting: Keep tabs on your treasury wallet's live and historical performance and gain valuable insights for better decision-making.
How it Works 🛠️
The OpenPool process translates messy blockchain data into powerful financial reporting. After registering your wallet or smart contract on OpenPool, OpenPool automatically processes your data in three steps:
- Data Capture: Effortlessly captures all historical on-chain transactions, events and state changes
- Data Processing: Cleans, normalizes and tags on-chain data, transaction by transaction, at scale
- Data Enrichment: Embeds crucial financial and off-chain context into customer transactions, providing comprehensive insights for users
Why We're Different 💪
Unlike other data providers that focus on raw blockchain data or current snapshots, OpenPool indexes ALL of your onchain transaction history. This allows us to fully understand the implications of historical trading activity to produce critical accounting & risk management reporting like Time-Weighted Returns, Cost Basis, Lifetime PnL, Gas Fee Attribution, Txs with potential tax implications, and more. Our comprehensive approach allows you to flexibly construct reporting for customers and service providers, getting as granular as you wish. We support Tokens, leading DeFi protocols, NFTs and smart contracts.
Focus on Data Quality 📈
We seek to provide the most accurate and reliable financial reporting data out there. For example, we support second-by-second historical pricing data for tokens with the highest trading volumes and we use multiple high-quality sources for data redundancy. We understand how critical data quality is to your product and our team of experts is dedicated to helping you deliver.
Thank you for choosing OpenPool! We're excited to have you on board and look forward to helping you make some big waves!