https://twitter.com/thedefiedge/status/1489003195179413505
The right DeFi tools can help you find alpha and save you hours each week. Here's a collection of the best FREE tools in DeFi: (Some of which you've never heard of before)
/1 Track Your Portfolio Automatically Easily track your portfolio by connecting your wallet and adding addresses. My personal favorite is
Other great ones:
/2 Monitor Whale Wallets
has a ranking of different top wallets. I monitor Whale wallets to see what they're investing in. Create your own with a spreadsheet.
• Find your favorite protocols.
• See what the top wallets are.
• Reverse engineer.
• Profit
/3 Visualize the biggest winners and losers I like to watch which coins are the biggest gainers and losers on a weekly basis. I'm a visual learner.
illustrates this data better than the typical +12%. And it helps me to see how it stacks relative to other coins.
/4 Swapping Coins I usually go with the top DEX for each protocol. •
@traderjoe_xyz for AVAX •
@Spirit_Swap for FTM •
@Pancakeswap for BSC
@1inch and @sushiswap are great too for multi-chain
/5 Bridging to Different Protocols We're living in a multi-chain world. Bridges can help you move your tokens across different chains. •
@multichainorg (Anyswap) •
Also, some protocols have NATIVE bridges which might be cheaper.
/6 See the Best Stablecoin Rates Yields on stable-coins go up and down all the time.
@0xCoindix is dashboard that monitors the best stable coin rates across different chains.
/7 Real Time Action
is the most underrated tool in DeFi • Watch transactions in Real Time • See Trends • Set price alerts They also have telegram alerts for trends.
/8 Monitor TVL on Different Chains
If you're bullish on a Chain, this can help you monitor the up and coming dapps. The mcap / TVL ratio shows you which Chains are undervalued such as FTM.
/9 Monitor GameFi Stats GameFi has a ton of potential. I use
to monitor the TVL and # of users. It's an easy way for me to stay on top of what games are trending.
/10 Visualize data from the Blockchain /w
You could easily spend hours in the dashboards here each day. Go to Discover -> Rank Dashboards To see what's possible.
/11 Protocol Safety Most of us don't have the ability to see how safe a protocol is. There are platforms out there dedicated to evaluating risks.
@DeFiSafety is my favorite.
@rugdocio is popular. Careful, they have "pay to play" to be featured.
/12 Stay on Top of Exploits
shares stories on how different platforms get exploited. It's a great way to keep up with all the creatives methods scammers are using.
/13 Evaluate key metrics and revenue of different protocols. Think of it like reading the P/E and different metrics of TradFi companies. I recommend
/14 Crypto Fundraising Want to know what the suits are investing in? Use
@dovemetrics to see where the fundraising's going. It's a great way to see what the trends are.
/15 Staying Anon on chain •
- anon fiat onboarding for BTC •
- Coin mixing for BTC •
- Coin mixing for ETH. Tornado comes highly recommended by
/16 Privacy Some tools to help you maintain your privacy. @Mullvladnet - Privacy focused VPN
- Privacy focused email
- Email Aliases
- Open source password manager
- Privacy browser
/17 Staying on top of News There are plenty of media outlets covering Crypto. The best imo:
And finally, don't feel like you have to use every tool. "Absorb what is useful, discard what is useless and add what is specifically your own" - Bruce Lee