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 @zapper_fi
Other great ones:
@debankdefi
@zerion_io
@ape_board
/2 Monitor Whale Wallets
@debankdefi 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.
@Coinparticle 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)
• @Synapseprotocol
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
@dexscreener 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
@DeFillama
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 @dappradar 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 @Duneanalytics
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
@RektHQ 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 @TokenTerminal
/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
• @BISQ_network - anon fiat onboarding for BTC
• @WasabiWallet - Coin mixing for BTC
• @TornadoCash - Coin mixing for ETH.
Tornado comes highly recommended by @0xsifu
/16 Privacy
Some tools to help you maintain your privacy.
@Mullvladnet - Privacy focused VPN
@ProtonMail - Privacy focused email
@simple_login - Email Aliases
@Bitwarden - Open source password manager
@brave - Privacy browser
/17 Staying on top of News
There are plenty of media outlets covering Crypto.
The best imo:
@decryptmedia
@theblock_
@Blockworks_
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
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