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Brew Money with Self-Custody Profile picture
@brew_defi
Aug 25, 2022 β€’ 12 tweets β€’ 14 min read β€’ Read on X
#DeFi is a constantly moving space.βœ¨πŸ’Έ

And so, it's important to be on top of all things at all times.πŸ‘‘

Here are 10 #tools you NEED for bettering your DeFi journey:πŸ§΅πŸ‘‡
1. @DefiLlama: #DeFiLlama maintains all the #TVL data on #DeFi protocols.πŸ’ΈπŸ’Ž

DeFiLlama is a comprehensive tool where you can look at all the data on a #protocol and its #growth.πŸš€βœ¨

2. @etherscan: Etherscan is a simple tool with lots of utilities.πŸ“ˆπŸ’°

#Etherscan is a tool that shows all the #transactions in the Ethereum ecosystemπŸ’²

Why @ethereum, though? Well, tons of protocols like @Uniswap are made on #Ethereum.πŸ’Ž

Knowing #ETH helps know #DeFi better.πŸ‘‘
3. @dexscreener: Dexscreener is a DeFi #protocol screener having real-time data on all the #currency pairs.🀩

If you're planning on #trading, it's best to check the price here first!πŸ’ΈπŸš€

Plus, their Twitter has updates on every big movement in #crypto!βš‘πŸ…
4. @DeBankDeFi: #DeBank is a portfolio and on-chain data tracker.πŸ’ŽπŸ‘‡

It means that every #DeFi transaction in the world happens under their watchful eyes.πŸ”πŸ‘€

5. @DappRadar: #DappRadar is a tool for helping you navigate the various #Dapps in the ecosystem.πŸ‘‘βš‘

Want to learn the trajectory of an #NFT project or a #wallet?πŸ’°

DappRadar has got you covered!πŸ’ͺ

6. @RugDocIO: Now that you know how to navigate the new money, you'd probably need some #resources on #safety, right?⚠✨

Well, Rug Doc is a community-driven #DeFi project that rates projects based on their rug pull potential.πŸ’°

Sweet and safe!πŸš€πŸ’Έ

7. @federiconitidi: Sometimes finding the most #liquid pools in #DeFi is a challenge.πŸ’§πŸ‘€

Fortunately, Federico's #LiquidityFolio helps with the problem by compiling data on various liquidity pools across various DeFi #protocols.πŸ’ŽπŸ“ˆ

Super helpful for #loans in DeFi!πŸ’±
8. @defipulse: DeFi pulse is also a #DeFi #protocol TVL aggregator.πŸ‘‘

Their community on various social media is also a good community #news source.πŸ“°βœ”

Two birds with one stone!πŸš€βœ¨

9. @DeFiSaver: #DeFiSaver takes #DeFi management to a futuristic level.βš‘πŸ’Ž

With DeFiSaver, you can automate your positions in the #market and the service takes care of the #transactions!πŸ’ΈπŸ…

No more staring at #charts 24/7!πŸ“ˆβŒ

10. @brew_defi: The only DeFi wallet you'll ever need!πŸ‘‘

Brew guarantees #security πŸ” and allows you to earn passively on your crypto.πŸ’ΈπŸš€

Pretty sweet deal, huh?🧑
Earn up to 10% APY on Blue-Chip DeFi Protocols.

Psst...users signing up this August may win a chance to get an exclusive NFT from our Bithoots Aaveians collection!

Sign up now: brew.money

β€’ β€’ β€’

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More from @brew_defi

Brew Money with Self-Custody Profile picture
Sep 20, 2022
The #EthereumMerge made everyone an expert on the subject of the different consensus mechanisms.πŸ‘‘

But the discussion revolves more around proof of work (#PoS) and proof of stake (#PoW).πŸš€

Shining light on others like proof of burn (#PoB) and proof of activity (#PoA):⚑
A consensus mechanism is the set of rules under which the #blockchain operates.✨

These rules dictate who gets to mine new crypto and the conditions for it.πŸ’Ž

1. Proof of activity (#PoA):πŸ’Έ

Proof of activity is the hybrid of #PoW and #PoS.πŸ’°

This consensus mechanism is used by @EspersCoin and @decredproject.

In #PoA, the first step is mining the blockchain in a traditional PoW way.πŸ‘‡
Read 12 tweets
Brew Money with Self-Custody Profile picture
Sep 20, 2022
The @wintermute_t #DeFi algorithmic market maker was hacked for a whopping $160 million!πŸ‘€

The CEO of #Wintermute has come forward with a statement confirming the attack.⚠

There is a silver lining in the whole situation, however...πŸ‘‡
The #DeFi portion of the @wintermute_t platform was the one under the attack.πŸ’Έ

The #CeFi and #OTC platforms remain safe✨

@EvgenyGaevoy, the CEO of #Wintermute has also reassured lenders and investors that it is very much solvent despite the attacks.πŸ‘‘

This attack is one of the largest attacks on #crypto institutions this year in terms of value lost.πŸ’°

The silver lining:πŸ’Ž

At least the platform still has more than $320 million as #equity, thus securing the solvency and any #liquidity problems.⚑

Read 5 tweets
Brew Money with Self-Custody Profile picture
Sep 19, 2022
The relationship between the #EthereumMerge and #DeFi is a fascinating case study for a changing economic ecosystem.πŸ’Ž

And @variantfund's Twitter Space dove deep into how the #merge affects #DeFi.✨

Here is the summarized version:πŸ‘‡
The space was conducted by @variantfund and @eulerfinance.⚑

@spencernoon, @gham1lt0n and @Derekmw23 represented Variant.πŸ’°

@MacroMate8, or Seraphim, the head of risk at Euler, was the Euler side's representative.πŸ‘‘

@variantfund @eulerfinance @spencernoon @gham1lt0n @Derekmw23 @MacroMate8 @MacroMate8 first laid out what the long-term focus of @eulerfinance would be.πŸ‘€

Euler will focus more on #Oracle technology to improve smart contracts.πŸ’Ž

This is why the #Euler team has added @chainlink support to the ecosystem.🀝

Read 13 tweets
Brew Money with Self-Custody Profile picture
Sep 19, 2022
Investing in #crypto can be a bit tricky with all the different factors that govern a coin.πŸ‘€

It's not only the price of a #coin that makes it a good #investment. There are other factors as well.πŸ’°

Read along to find out what to look for when buying crypto:πŸ‘‡
#NotFinancialAdvice

1. Circulating supply:πŸ’Ž

Circulating supply is the amount of #crypto that is already on the #blockchain.πŸ‘

The higher the circulating supply, the better.✨

Suppose a #cryptocurrency has only 50% of its total supply out.⚑

By the time the rest is mined, there will be a 2x inflation in the project's #ecosystem.πŸ‘‘

The lower the circulating/total supply ratio, the more #inflation there would be.πŸ“‰
Read 11 tweets
Brew Money with Self-Custody Profile picture
Sep 19, 2022
The #Solana ecosystem is diving into the world of #DeFi with all the new developments.πŸš€

@solana and @cosmos are working on a layer 2 solution that will improve Solana's scalability.✨

The L2 solution, @Nitro_Labs, will also provide a framework for creating modular Solana Virtual Machines (#SVM) on any L1 blockchain.πŸ’Ž

#Nitro will also act as the gateway between $SOL and $ATOM ecosystems.⚑

Deploying #dApps on the #Solana ecosystem will become easier after the development of the solution.πŸ’Έ

More dApps = more #DeFi = more crypto adoption!

#SolanaπŸš€

Read 4 tweets

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