5 Free DeFi Investing Tools & Resources
Here are some of the best DeFi resources I've came across during my research.
Earlier this week I aped into my first yield farm, but before I made my splash I did some research and came across the following free tools and resources that can help find the best yields and track your current investments.
Consider Making a Favourites Folder
If you're a beginner in the DeFi space like me I would suggest making a new favourites folder in your browser of choice to keep track of these resources. Maybe it's just me but I hate it when I forget the name or address of a resource and have to go digging through browser history.
Free Tools To Help You Ape Into DeFi
Yieldwatch is a pretty cool BSC DeFi tool that keeps track of your total deposit and total yield across beefy.finance, PancakeSwap, Venus Protocol, Autofarm, and AcryptoS all in one spot. It's currently in Beta but I see that a "Pro" version is coming soon which I'm sure will be a paid service.
DefiPulse was I think the first tool I came across. It's tracks the Total Value Locked across both ETH and BTC DeFi. I think the best feature is the ability to filter the platform list by Lending, DEXes, Derivatives, Payments, and Assets. Allowing you dial into the specific type of DeFi platforms you're looking for.
DefiStation is I think the mother of all BSC DeFi tracking tools. It allows you to see the Total Locked Value within the BSC ecosystem, and ranks all of the BSC compatible platforms by TVL. One of my favourite features is the Audit check mark that lets you know which platforms have had their code audited. Security and Audits are an important factor when using new platforms.
DefiYield allows you to rank pools and Vaults for the best yield. Connect you BSC Metamask and you're able to use tools just as an Approved Contract checker. Probably my favorite feature. In one place you can quickly check all contracts that access to your wallet. Once you're finished with a farm or LP I think it's wise to use a tool like this and remove the permission from the contract to protect your wallet.
FarmArmy is pretty much what it sounds like, a one stop shop for tracking BSC farms and LP's. You can quickly and easily search for a token you wish to earn and find the LP or Farm with the best yield.
There you have it! Hopefully one or more of these tools is helpful to you down the road.
They've been helpful for me to better understand the scene, and to basically track which pools are successfully earning yield. So far I'm only in one farm earning CAKE and BUNNY through the BSC but I hope to get involved with more in the near future.
Happy Farming!
Ciao for now,
Posted Using LeoFinance Beta
