DeFi tracking in the past has had its share of problems. The user experience has often been sadly lacking, with problematic code, wallet and chain limitations, and meaningless alerts. Time-consuming and tedious, the previous generation of apps were never built with the needs of cryptocurrency traders in mind. Most are not mobile-friendly and are best suited to desktop use, while the problem of manual entries for each coin is a time drain.
DeFi refers to decentralized finance, financial services available on decentralized platforms. This means that they are not controlled or managed by a single entity, as are banks, but are built on publically available IT protocols. The DeFi niche is all about decentralization as opposed to crypto trading on centralized exchanges. Built around non-custodial financial products, it is both lucrative and risky, and has been at the heart of hot market activity in recent times.
DeFi tracking with Dexfolio aims to change the problems in the marketplace with a sleek UX/UI design built by crypto traders for crypto traders. Extensive community consultation has allowed us to understand what traders want and what is lacking in the current market offering. Our focus has been to put people first, resulting in an application that is user-focused from top to bottom.
DeFi tracking simply refers to keeping track of activities conducted under these protocols. This could include Dex tracking, a Dex trades history, a DeFi portfolio tracker for BSC , ETH, and other DEXes, as well as DeFi analytics, monitoring DeFi assets, or other activities.
DeFi tracking with Dexfolio makes accessibility to these activities a pleasure for users. After years of clumsy and time-consuming digital assets tracking, traders will appreciate the smooth, quick access to DeFi portfolio information, something the trading community has been wanting for a long time. Dexfolio supports ETH, BSC, and Polygon/Matic, with plans to seamlessly integrate other chains in the future. Also available on BSC is DEXF, Dexfolio's token, giving the community greater flexibility with access.
The effectiveness of the DeFi ecosystem is dependent on the kind of technology that Dexfolio provides. DeFi tracking is a core component of the ecosystem, with many apps for various tasks. Most offer subpar user experiences, something we quickly learned during our consultation with our community.
Dexfolio aims to make DeFi tracking as painless and easy as possible. Unlike other DeFi analytics trackers, it can track both ETH and BSC DEXes. The ability to add other DEXes quickly and easily has been built into the functionality of the app, and we remain committed to engaging with users to make Dexfolio the best experience on the market. Central to this aim is the ability to manage all your DeFi assets in one place.
With the growth explosion in DeFi, many traders now have a plethora of tokens and multiple wallets spread across various chains. Therefore, it made sense to create a solution for managing assets in one place. With the user experience in mind, we’ve made it super-easy to connect wallets to our intuitive interface, and onboarding other blockchain networks is easy.
A dapp is a decentralized finance app, designed to run on top of one of the blockchains such as Ethereum or Binance Smart Chain. A dapp typically tracks trades, allows traders to buy, sell and exchange, and conduct other activity without having to go through middleman exchanges such as Binance or Kraken. Dapps are exploding in popularity as traders take the opportunity to manage their crypto assets independently of third-party platforms.
Dexfolio is a DeFi dapp with a difference. One of its key features is its world-first Intelligent Alerts, bypassing the cumbersome and time-consuming manual input for price targets and portfolio updates. Instead, Dexfolio sets an average price when tokens are purchased on Uniswap or Pancake Swap or any other DEX. The average price reflects the original investment, regardless of trades or other transactions that alter the current value. It is easy to lose track of the original investment data following the sale, deposit, or withdrawal of a token, and Dexfolio aims to address this problem.
When a user connects crypto wallets, it’s easy to turn on Intelligent Alerts. Traders only receive alerts when the token undergoes a significant change in value in either direction, set either as a percentage or a length of time. This can be set across the entire portfolio, with the ability to modify the setting for individual coins. Importantly, coins can be “muted,” a particularly useful feature for when coins are of low value and don’t warrant alerts, behave erratically or are part of a long-term portfolio holding.
As a user-focused app, we need to deliver the best dashboard experience possible. Our UX design aims to give the user a smooth, professional experience, while the UI is both visually appealing and offers exceptional functionality. Our driving mantra has always been actionable intelligence, offering users the information they need at their fingertips, without clutter.
Designed as a mobile-first DeFi tracker app, Dexfolio leads the way with its DeFi dashboard, making it easy to see important information at a glance.
Dexfolio’s vision was to create a DeFi tracking app that delivered exceptional user-friendliness on a mobile-first platform. With strong community input, the people-first Dexfolio app is a whole new user experience.
You need to invest in a wallet that supports Ethereum and various DeFi protocols, relevant coin (ETH or ERC-20), and a healthy appetite for risk.
Compound DeFi is a lending protocol that allows liquidity providers to deposit funds into liquidity pools where they earn interest.
Dex stands for Decentralized Exchange. It runs on the Ethereum blockchain using a smart contract that enforces rules and undertakes trading activities. A Dex is recorded on the blockchain as an individual transaction funded directly from a user’s personal wallet. This is different from trading on a centralized exchange such as Binance, which trades through a third-party account.