Thread by @thedefiedge

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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