What is DeFi Staking? - Crypto Concepts 101
Simply, DeFi staking refers to the process of locking up cryptocurrencies to receive rewards.
What’s the gain and what’s the loss? We can tell you!
There’s a lot of data to track to be a successful investor and make informed decisions. This includes but is not limited to the Impermanent Loss risk, Return on Investments, claimable rewards, new pools and vaults, portfolio performance…
One of the most interesting types of information that is important for any investor is Profit and Loss.
The De.Fi dashboard has the perfect combination of asset management and risk management tools to help you succeed and stay safe in DeFi. It enables you to:
The dashboard is designed to be cross-chain, compatible with Ethereum, Binance Smart Chain, Polygon, Arbitrum, Avalanche, Solana, Polkadot and all non-EVM-compatible chains.
By connecting a DeFi wallet and navigating to the Dashboard section, a user will be able to see:
The Portfolio section of the dashboard enables users to see wallet information by tokens, including prices, balances and USD values, as well as to filter portfolio data by blockchain network. Users can also quickly exchange tokens for the best rates on the market.
Significantly, users can see a P&L for each asset in their portfolios.
It accounts for asset’s balance change from any incoming and outgoing transfers, received rewards (RR) and accrued rewards by the end of the analyzed period (ARE). The received rewards value is calculated multiplying the total amount of the reward asset with its weighted price, and the value of accruals is expressed based on the current price of the asset.
Based on this complicated formula, a user can easily track 24h Profit and Loss and historical Profit and Loss.
Profit and Loss data can help to understand the potential of the investment and take a further analysis along with the decision on how to manage and relocate the investment. You can check your profit and loss by a specific asset in the wallet, type of investment (Liquidity Pools, Insurance, Staking, Deposits, etc.) and network (Ethereum, Binance, Polygon, Fantom).
With the De.Fi dashboard users can not only track Profit and Loss but also add and remove liquidity along with viewing liquidity positions and new investing opportunities, scan and decline allowances and access unique databases such as The World’s First Audit and REKT Databases. The exclusive Automatic Smart Contract Audit Scanner provides the 1-click free audit report by any smart contract scanning for 150+ vulnerabilities and 10+ criteria.
Try the full suite of innovative De.Fi tools right now — https://de.fi/dashboard
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Simply, DeFi staking refers to the process of locking up cryptocurrencies to receive rewards.
When investing in the world of decentralized finance (DeFi), and particularly when you are picking a token to trade, understanding DeFi liquidity is crucial.
The rise of decentralized finance (DeFi) has created a growing need for tools that help users track and optimize their digital assets.
As cryptocurrency has continued to grow in popularity, so too has the need for strong tools that can effectively track market data, monitor portfolios, and keep individuals abreast of trends.
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