Shine A Light In Every Corner Of DeFiChain Blockchain via The Yield Monitor Integration

Keeping track of your assets and how they are doing is a responsible way to handle your money.

Yield Monitor, a multi-chain portfolio tracker for DeFi investors, just announced that the DeFiChain (DFI) blockchain has been added to its database. This is the second non-EVM mainnet integration for the Yield Monitor platform. 

DeFiChain is the world’s most popular blockchain on the Bitcoin network. Its goal is to give everyone access to decentralized financial apps and services.

DeFiChain is an open-source blockchain project that aims to give everyone access to fast, smart, and transparent decentralized financial services. 

It is made up of core contributors from all over the world and is supported by a community of developers. 

Since DeFi transactions on DeFiChain are not Turing complete, they move quickly and smoothly, use little gas, and have less chance of smart contract errors.

DeFiChain is a Proof-of-Stake blockchain that is not controlled by a central authority. It was made as a hard fork of the Bitcoin network to allow for more advanced DeFi applications.

DeFiChain is a decentralized blockchain that is designed to make it possible for everyone, everywhere to use fast, smart, and transparent decentralized financial services.

DeFiChain gives its users a wide range of tools for managing their money. 

You can trade on its own decentralized exchange, start out with decentralized real-world assets, get a decentralized loan, or invest through Staking or Liquidity Mining. 

Everything is done locally on DeFiChain. 

DeFiChain is based on the same ideas as Bitcoin. It offers cutting-edge security by making smart contracts less complicated.

DeFiChain is now part of the Yield Monitor database, along with Algorand (ALGO), Avalanche (AVAX), Binance (BNB), Ethereum (ETH), Fantom (FTM), and Polygon (MATIC).

You can invest without using a portfolio tracker, but that’s not a good idea. Here are just a few of the many reasons you should take portfolio tracking seriously:

Through the integration, users will be able to learn more about the on-chain metrics of DeFiChain. 

Investors and developers will be able to:

  • track assets held in wallets on the DeFiChain blockchain
  • route cross-chain transactions to optimize price and efficiency.
  • have an easy-to-understand look at all activities on DeFiChain blockchain (transactions, pools, APRs etc)
  • easily tell which coins/pools are making money and which ones are losing money. It also helps you diversify your investments with the right asset allocation.

Yield Monitor is a database toolkit for DeFi investors and developers that lets them track their portfolios across multiple chains. 

It gives information about the performance of different assets, liquidity pools, and yield farms in the form of wallet tracking and visual charting tools. 

The team is building more features, such as tools for temporary losses, metrics for the order book and trade volume, and asset lists that let users track similar liquidity pools and yield farms across different protocols.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Julian Joseph Lehmann
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