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Helping the average John guy understand the Defi space : Defi Dashboard and Zapper

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by COINS NEWS 35 Views

John, we are closing in to the end of our Defi journey. However, after we finish thel ast talk, I can present the Defi space in a more advanced way, if you would like.

"If that means going deeper and helping me to understand even harder things, I am all in friend."

Glad to hear that. Resuming, now I want to teach you about the Defi Dashboard.

"Ok, let's hear it." That's the spirit John :

A DeFi dashboard is like a control center for your DeFi activities. It brings all your DeFi stuff together, so you can see what's going on in one place. This includes things like where your money is, what you've borrowed, and your investments.

When you use a DeFi dashboard, you usually enter your Ethereum address or a human-friendly Ethereum Name Service (ENS) domain to access it. ENS is like a readable address, just like a website domain, that maps to your Ethereum address.

There are different dashboards out there, but the two main ones are Zapper and Zerion.

"And which one will you present to me?" I don't want to teach you anything wrong, so I am going to talk bout the one that I am familiar with, Zapper. Here is how to use it ;

Step 1

  1. Go to https://zapper.fi/.
  2. Enter your Ethereum Name Service (ENS) domain or your Ethereum Address. It's like typing in a website address.

Step 2

  • Now you're on the dashboard!
  • You can see your wallet balance, DeFi deposits, investments, yield farming, and debt.
  • Scroll down to see which DeFi platforms your money is in.

Step 3

  • Zapper isn't just for checking, you can also use it to make decisions.
  • You can swap tokens, provide liquidity, and join yield farms right from this dashboard.

If you want, you can also check out other dashboards like Zerion, MyDeFi, Frontier Wallet (for mobile), Debank, and Unspent.io. Always DYOR John.

TL;DR :

DeFi dashboards are central hubs for managing all your DeFi activities in one place. They provide an overview of your assets, investments, and debts in the decentralized finance space. Popular options include Zapper and Zerion, but there are others like MyDeFi, Frontier Wallet (for mobile), Debank, and Unspent.io. These dashboards simplify tracking and managing your DeFi portfolio.

All of this info was put togheter by me with the help of the How to Defi book from Coingecko. Hope it helped others like it did for our boy John here!

submitted by /u/Natural_NoChemical
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