Contemporary retail investors, whether they work in the tradfi or DeFi, have to use specialized portfolio trackers to manage assets effectively. Crypto enthusiasts often move substantial portions of their capital into the cryptocurrency ecosystem ignoring the famous 70/30 rule where 70% should be allocated to somewhat risky assets like stocks and 30% to fixed-income assets.DeFi portfolio management quickly becomes overly complex due to the sheer diversity of options available to an average investor. The decentralized finance sector has over 5,200 tracked protocols where you can hold an incredible variety of positions. In total, tracked protocols offer over 11 thousand pools across more than 50 chains. Keeping track of a well-diversified portfolio based on these instruments can be quite difficult even for seasoned veterans.
Since many instruments in the decentralized finance ecosystem are dynamic in nature, it is crucial to adjust your portfolio regularly according to the changing market circumstances. One must remember that APY values are also not constant and may change when the utilization of assets in the pool alters based on demand.
Various types of digital assets may have specific maturation periods and other factors affecting their potential to produce returns. Portfolio trackers allow users to break down their positions and categorize them based on current profitability, expected returns, ROI to date, value, and other metrics.
In some cases, you can use tools that do not have explicit portfolio management tools yet provide the necessary functionality to work as one.
If you are looking for efficient tools capable of improving the outcomes of your investment activities, it is a good idea to take a closer look at Rivo and its advanced crypto wallet that can be used to interact with a variety of DeFi protocols. Among the key features offered by this application is the ability to track market positions and receive detailed analytics.
Rivo is a good choice for a multitude of reasons:
The Rivo app is a great instrument for users who are interested in building and preserving wealth while maintaining control over finances and making informed decisions. Some investment strategies are really good. For instance, you can invest in the Base Yield Index by Reserve and earn 21.1% weekly APY or choose a variety of pools chosen by industry experts.
While Rivo is an excellent solution for many crypto investors interested in creating a balanced portfolio and focusing on effective strategies, some users may be inclined to do everything on their own and explore the DeFi ecosystem without any guiding rails. It is quite hard to pick a good portfolio tracker without having experience with most of them. We will give you several examples of good platforms.
Having immediate access to detailed on-chain data and tracking all investments in one place feels great when you are dealing with an ecosystem as complex as decentralized finance. Zapper is a great tool that tracks a wide range of protocols and tokens while offering unique ways to make profits in the DeFi sector with the Curate program where you can contribute to the Zapper protocol.
Here are some of the greatest things about it:
Used by many as a powerful Chrome extension that provides immediate access to a wide range of different decentralized apps, Zerion is an excellent choice for users who want to explore the world of DeFi as conveniently as possible. It allows users to enjoy effortless cross-chain portfolio monitoring and keep track of all investments without a difficult onboarding process.
Here are some of the advantages:
One of the best features of this application is that it can provide you with data on various wallets allowing users to track whales and experts effortlessly. The strong focus on social components makes it a great place to manage a portfolio while enjoying access to a variety of contextual data like social media sentiment, advice from professionals, and unique analytical tools like “Time Machine” and “Change View”.
Below are some of the benefits of using this app for token allocation strategies:
If you are interested in informative and efficient yield-tracking mechanisms that provide all the necessary context and insights, Pulsar is an interesting choice as it offers a detailed overview of DeFi investments in one app. Currently, Pulsar supports 120 networks across a variety of platforms including Ethereum, Cosmos, Solana, Sui, Near, Cardano, and multiple centralized exchanges.
Here are some of the reasons to use this app:
Many crypto enthusiasts invest in a multitude of projects and blockchains hoping that some of them will perform exceptionally well. It means that portfolio tracking that works across multiple chains and provides detailed breakdowns of market situations and positions is an incredibly useful tool that can elevate the user experience of an investor to the next level. Use any of the five great apps suggested above to brighten your journey through the world of DeFi.
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