How to Create a DeFi Portfolio?
Updated: Sep 15
Let’s admit it, just buying and holding your favorite cryptocurrencies in hopes of reaping humongous returns has now become boring. Especially when the decentralized finance (DeFi) ecosystem is booming and can potentially multiply your investment manifold. As a crypto investor or trader, you must have realized that the market has evolved exponentially in the past couple of years, and DeFi has a pretty significant role to play in this growth.
Therefore, you must get yourself a piece of this DeFi pie. But with everything said, how would you go about creating a DeFi portfolio for yourself?
We will get to that in a bit. Meanwhile, if you made it past the first paragraph, we concur that you have crypto funds that are just lying idle and looking to put them to “good” use. Well, you can heave a sigh of relief as Eidoo’s got you sorted nicely. With its seamless interface and multiple integrations, you can unlock an exciting world of rewarding DeFi investment opportunities.
The wallet provides a single entry point into a cohesive ecosystem, in turn allowing you to explore the ever-expanding world of DeFi. That’s precisely the reason why Eidoo is termed as the “Swiss Army Knife of wallets,” firstly because of its geographic origins and secondly because of the tools that it offers you, the DeFi investor.
And what about managing DeFi holdings — you might still be wondering. There’s absolutely nothing to worry about because we have designed Eidoo to handle the management of your entire DeFi portfolio efficiently. Here’s how you can set up your DeFi portfolio:
Step 2: On opening the app and setting up your wallet (post-seed phrase backup), you’ll see a dashboard like the one below. Click on the “BUY” button and choose the asset you want to buy and the associated purchasing method.
Suppose you decide to buy USDC to utilize the stablecoin for building your DeFi portfolio. You can select either a wire transfer (which is cheaper) or a credit card purchase. You can also deposit USDC from your reserve stash on some other wallet. The same thing goes for ether or any other cryptocurrency.
Step 3: The moment you finish buying BTC (or transferring it to Eidoo), the app will show your current balance. You can also check your crypto balance and the latest prices with our custom-designed user interface.
Step 4: Now, you can start putting your idle crypto funds to some good “DeFi” use! Stake your crypto funds in liquidity mining pools or utilize them to provide collateral to crypto loan seekers, borrow crypto loans yourself to leverage the market, or trade tokens at the best rates — Eidoo enables you to do it all!
Once you get your hands on one or multiple DeFi assets, tracking your DeFi crypto portfolio is a no-brainer. Eidoo lets you quickly and securely manage your digital assets (more than 1000, to be precise), all from the comfort of one single seamless platform. There is no need to manage digital assets across multiple locations.
On top of this, you can leverage the Eidoo WalletConnect integration to securely interact with various dApps through QR code scanning or deep linking. Plus, there is an in-built decentralized exchange (DEX) to widen your access to multiple DeFi protocols.
Remember we mentioned something about trading tokens at best rates and easy-peasy DeFi portfolio management?
With the Eidoo DEX, you can track the performance of your holdings and very quickly buy or sell crypto assets whenever you want to. You can also check out new DeFi projects as they emerge and compare rates on the different lending platforms, or get an instant crypto loan. The list of integrations and partners is continually growing.
For more information, visit our FAQs or join our community on Telegram. We are more than happy to answer any questions you have!