The moon is made of pancakes, as PancakeSwap's signature line goes. That's great, but keeping track of sweet treats has until now been a cumbersome task for many portfolio holders. With the stellar rise of various DeFi ecosystems, many investors have found it difficult or impossible to manage their portfolios with the available tools. Inexperienced and seasoned traders alike have found the need for a smart solution to problems inherent in the current app offerings.
Dexfolio's industry-leading new app aims to solve many of the problems that make current tools awkward or inconvenient to use. Traders on the Pancake exchange will have plenty of reasons to smile over the sweet treats Dexfolio is bringing their way.
PancakeSwap is the most popular exchange on the Binance Smart Chain, and one of the biggest DeFi exchanges in the world. At the time of writing, the Total Value Locked (TVL) was just under $5.9 billion, making it a hefty player in the DeFi space. Millions of daily users have discovered it to be a safe decentralized exchange with lots of exciting features and helpful resources.
So it made sense for Dexfolio to focus on supporting Pancake Swap in the first version of its new app. With no need to go through a complicated onboarding process, users will be able to quickly and easily access quality performance data for Pancake Swap and the Binance Smart Chain.
The Binance Smart Chain (BSC) was a lifeline to a struggling DeFi space trying to cope with enormous demand. Prior to the advent of BSC, Ethereum was the best option for the development of decentralized apps. This led to network congestion, lags, and high gas fees.
BSC provided much-needed relief to the industry, offering cheaper transaction fees and less congestion, and many users continue to switch to BSC. As it has grown in popularity, even some of the Ethereum-based projects have migrated, something that would've been unthinkable a short time ago. As more and more users decide to try BSC, keeping up with their needs is both a delight and a challenge for developers.
Given the growing might of BSC and exchanges such as Pancake Swap, it was logical for the Dexfolio team to create inbuilt BSC functionality in the new app. Tracking BSC tokens and other portfolio data is now a streamlined process, with industry-leading UX/UI to ensure a user-friendly experience. Settings can be customized to meet user needs, in-app transactions are easy, and total holdings on each coin are easy to check.
Community research will continue into the future to ensure that Dexfolio remains the app of choice for BSC investors; this is a core value for the company. Dexfolio's native token, DEXF, is key to community input and governance, making the company truly decentralized.
Gone are the days when traders had to wait a week or more for updates and crypto news. In the fast-moving world of DeFi, it might as well have been a lifetime.
But now, there is no more need to wait for news updates. Users can track their portfolio with tools specifically designed for the fast-paced DeFi space. The flaw in many other tools already available is that they've been adapted for use in DeFi ecosystems, leaving them with gaps that don't meet market needs.
With Pancake Swap functionality already built into Dexfolio's portfolio tools, the waiting times are over and the hard work of tracking investment performance just got a whole lot easier. Sweet.
Dexfolio's mantra has always been actionable intelligence. There was a glaring need in the marketplace for an app that would deliver real-time accurate price alerts, with instant access to DEX tokens taken directly from Pancake Swap, Uniswap and Quick Swap. Users can track tokens, set up reporting, create customized price alerts and manage other details in their holdings with a one-tap system.
New features will be added as feedback on the app is gathered from the community.
A quick look at token prices over recent times will reveal that CAKE has experienced strong growth. Originally launched on BSC as a BEP-20 token, CAKE's primary purpose was to incentivize liquidity provision to the Pancake Swap platform, where it became the native and governance token for Pancake Swap.
These days, it's a versatile sweet treat, with users able to stake CAKE to earn more CAKE, receive CAKE from staking LP tokens, and staking CAKE to earn tokens from other projects.
Traders are also allowed to farm their CAKE tokens, participate in yield aggregators known as syrup pools, or take part in a CAKE lottery.
App users can be confident that Dexfolio is providing accurate portfolio information through its Smart Aggregator, which gathers information directly from its supported exchanges. CAKE token prices are the most up-to-date and accurate on the market, enabling traders to track token movements and make decisions on the go.
There's no more need to wait for portfolio data to arrive in your inbox. No more sifting through crypto spam to find the gems or trying to make sense of complex charts. A single visit to the handy Dexfolio app will save you time, with all your important information available in one-tap functionality. Keep track of transactions, watch an individual token, initiate wallet connection, and never miss an important alert. All of this and more happens in real time, from a device that you can carry in your pocket.
That sounds like the kind of sweet news the industry has been waiting for.
People first. Creating the Dexfolio app has always been about making it easy for the user, and our vision began with seeing a clear need. As interesting as feature-heavy creations may be, developers get it wrong when an app is not easy to use. Our dream was to create an app that makes account access simple, minimizes risk by providing accurate token price data, streamlines crypto research tools, and helps traders manage tokens and decide on portfolio investment strategies and services while going about their daily business.
An app for people. An app for life.