# The right DeFi tools 

**Published by:** [andywan](https://paragraph.com/@andywan/)
**Published on:** 2022-02-07
**URL:** https://paragraph.com/@andywan/the-right-defi-tools

## Content

https://twitter.com/thedefiedge/status/1489003195179413505 The right DeFi tools can help you find alpha and save you hours each week. Here's a collection of the best FREE tools in DeFi: (Some of which you've never heard of before) /1 Track Your Portfolio Automatically Easily track your portfolio by connecting your wallet and adding addresses. My personal favorite is @zapper_fi Other great ones: @debankdefi @zerion_io @ape_board/2 Monitor Whale Wallets @debankdefi has a ranking of different top wallets. I monitor Whale wallets to see what they're investing in. Create your own with a spreadsheet. • Find your favorite protocols. • See what the top wallets are. • Reverse engineer. • Profit/3 Visualize the biggest winners and losers I like to watch which coins are the biggest gainers and losers on a weekly basis. I'm a visual learner. @Coinparticle illustrates this data better than the typical +12%. And it helps me to see how it stacks relative to other coins./4 Swapping Coins I usually go with the top DEX for each protocol. • @traderjoe_xyz for AVAX • @Spirit_Swap for FTM • @Pancakeswap for BSC @1inch and @sushiswap are great too for multi-chain/5 Bridging to Different Protocols We're living in a multi-chain world. Bridges can help you move your tokens across different chains. • @multichainorg (Anyswap) • @Synapseprotocol Also, some protocols have NATIVE bridges which might be cheaper./6 See the Best Stablecoin Rates Yields on stable-coins go up and down all the time. @0xCoindix is dashboard that monitors the best stable coin rates across different chains./7 Real Time Action @dexscreener is the most underrated tool in DeFi • Watch transactions in Real Time • See Trends • Set price alerts They also have telegram alerts for trends./8 Monitor TVL on Different Chains @DeFillama If you're bullish on a Chain, this can help you monitor the up and coming dapps. The mcap / TVL ratio shows you which Chains are undervalued such as FTM./9 Monitor GameFi Stats GameFi has a ton of potential. I use @dappradar to monitor the TVL and # of users. It's an easy way for me to stay on top of what games are trending./10 Visualize data from the Blockchain /w @Duneanalytics You could easily spend hours in the dashboards here each day. Go to Discover -> Rank Dashboards To see what's possible./11 Protocol Safety Most of us don't have the ability to see how safe a protocol is. There are platforms out there dedicated to evaluating risks. @DeFiSafety is my favorite. @rugdocio is popular. Careful, they have "pay to play" to be featured./12 Stay on Top of Exploits @RektHQ shares stories on how different platforms get exploited. It's a great way to keep up with all the creatives methods scammers are using./13 Evaluate key metrics and revenue of different protocols. Think of it like reading the P/E and different metrics of TradFi companies. I recommend @TokenTerminal/14 Crypto Fundraising Want to know what the suits are investing in? Use @dovemetrics to see where the fundraising's going. It's a great way to see what the trends are./15 Staying Anon on chain • @BISQ_networkanon fiat onboarding for BTC •@WasabiWalletCoin mixing for BTC •@TornadoCashCoin mixing for ETH. Tornado comes highly recommended by@0xsifu/16 Privacy Some tools to help you maintain your privacy. @Mullvladnet - Privacy focused VPN @ProtonMailPrivacy focused email@simple_loginEmail Aliases@BitwardenOpen source password manager@bravePrivacy browser/17 Staying on top of News There are plenty of media outlets covering Crypto. The best imo: @decryptmedia @theblock_ @Blockworks_ And finally, don't feel like you have to use every tool. "Absorb what is useful, discard what is useless and add what is specifically your own" - Bruce Lee

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