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With the decentralized nature of Bitcoin grasping the world’s attention for over a decade, the natural next step was seemingly protocols aiming to decentralized finance on a deeper level. As such, the DeFi space was born and saw immense growth in the past two years, leading to countless new projects intending to garner market share with various opportunities.
Subsequently, there was a need for an overall analytical tool to provide all the necessary information in regards to DeFi to all potential investors. This is where defi.watch came to play – a protocol gathering prices of the entire DeFi ecosystem in one place.
Moreover, the project recently announced the launch of its innovative new services, including liquidity pools information and portfolio management, which it promised to be entirely free to use.
Free LP and Portfolio Management Services on the Horizon
Being a relatively new invention, DeFi could be overly complicated, especially for newcomers that want to explore all available opportunities. Defi.watch aims to change all of that by providing a one-stop-shop solution for those seeking useful information.
It offers more than 30 decentralized exchanges available for searching and tracking as well as over 10,000 liquidity pools, which can be easily analyzed and compared.
Users can sort the dashboard by their most preferable criteria, including rewards, fees, liquidity volume, APR, and a graph of the changes during the past seven days. All the information is updated real-time.
The portfolio tracker is among the most distinguishable features offered by defi.watch. Users are able to connect wallets such as Metamask to the protocol’s website and can track the progress of the entire portfolio. It separates the data into a general menu, as well as rewards, present value, rate of return/loss, and APR for the Investments tab and balance, price, value for the Assets tab.
It’s also worth noting that the team behind defi.watch indicated that all of the aforementioned services will be completely free for users. Additionally, the project has a Telegram bot that can be linked to Metamask, which allows users to get daily changes on their portfolios. These include profits and losses on investments and the total asset value.
Defi.watch is an analytic tool specifically operating for the decentralized finance scope of the cryptocurrency industry. It allows users to monitor more than 10,000 DeFi pools and decentralized lending protocols and vaults with frequent updates and real-time updating information.