Senior Product Designer | Product Innovation & Experiment | User-Centered Design | Data-Driven Iteration
Lily YinCrypto 101(1)
I have long learned about Web 3.0 and crypto and would love to share my learning journey with you. What is crypto? Crypto is short for "cryptocurrency", which is a digital or virtual currency that uses encryption techniques to secure and verify transactions and to control the creation of new units. Cryptocurrencies use a decentralized system, known as a blockchain, to maintain a public ledger of all transactions. Unlike traditional currencies, such as the US dollar or the Euro, cryptocurrenci...
Lily YinCrypto 101(2)- Wallet
What is a crypto wallet? what are they? number of users? and pros and cons?Which is easier to start with for beginners?Exchange wallets offer the advantage of seamless integration with trading services provided by the respective exchanges. They are convenient for users who frequently engage in buying, selling, and trading cryptocurrencies. However, it's important to note that exchange wallets are custodial in nature, meaning you rely on the exchange to hold and manage your private keys. ...
Lily YinDefi Core Concepts Clarification
I am learning how to read and use defillama referring to an article from altcoinbuzz. I had come across a lot of concepts in the Defi world and I like to share them with you. https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/a-walkthrough-of-the-defillama-platform/ https://defillama.com/ TVL TVL (Total Value Locked): Counts all tokens used as CDP collateral. On a technical level, we get all collateral tokens by getting the event, get the locked amount by calling the balanceOf() function dir...
Lily YinCrypto 101(1)
I have long learned about Web 3.0 and crypto and would love to share my learning journey with you. What is crypto? Crypto is short for "cryptocurrency", which is a digital or virtual currency that uses encryption techniques to secure and verify transactions and to control the creation of new units. Cryptocurrencies use a decentralized system, known as a blockchain, to maintain a public ledger of all transactions. Unlike traditional currencies, such as the US dollar or the Euro, cryptocurrenci...
Lily YinCrypto 101(2)- Wallet
What is a crypto wallet? what are they? number of users? and pros and cons?Which is easier to start with for beginners?Exchange wallets offer the advantage of seamless integration with trading services provided by the respective exchanges. They are convenient for users who frequently engage in buying, selling, and trading cryptocurrencies. However, it's important to note that exchange wallets are custodial in nature, meaning you rely on the exchange to hold and manage your private keys. ...
Lily YinDefi Core Concepts Clarification
I am learning how to read and use defillama referring to an article from altcoinbuzz. I had come across a lot of concepts in the Defi world and I like to share them with you. https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/a-walkthrough-of-the-defillama-platform/ https://defillama.com/ TVL TVL (Total Value Locked): Counts all tokens used as CDP collateral. On a technical level, we get all collateral tokens by getting the event, get the locked amount by calling the balanceOf() function dir...
Senior Product Designer | Product Innovation & Experiment | User-Centered Design | Data-Driven Iteration
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I am learning how to read and use DefilLama, and I found that I want to conduct a UX audit! Please correct any errors in this statement.
Chart 1 UX Audit
The below chart shows the fees by chain.
Cons:
Filters
1. User Interactivity: The chart's interactivity options could be clearer. Specifically, the ability to select and view "fees by chain" across different blockchains needs to be made more intuitive. Perhaps the addition of dropdown menus or radio buttons could facilitate this.
2. Comparative Analysis: If users want to compare "fees by chain" on a single chain to the "total fees across chains", this option should be more explicitly provided. It's not clear why users would want to do this comparison, so understanding user motivations could provide valuable insights to further optimize this feature. Maybe a survey or user interviews can help uncover these needs.
Expanded view
Detailed Examination: The lack of an expanded view option could limit the user's understanding of the data. Given the different magnitudes and significance of fees across chains, an option to zoom in or out to examine details could greatly enhance data readability.
Timeline selection
4. Visual Clarity: The timeline bar at the bottom of the chart could be more intuitive. At present, there may be confusion between the gray transparent chart and the main panel chart, as they seem related. Making sure the selection in the timeline corresponds accurately and clearly with the display in the main chart panel could alleviate this confusion.
Tooltips
Explanatory tooltips: The absence of tooltips to explain various concepts on the interface might impede new users' understanding. To help users unfamiliar with certain terminologies or metrics, tooltips providing brief explanations could be very helpful. Also, a FAQ section or a glossary might assist in improving user comprehension.
I am learning how to read and use DefilLama, and I found that I want to conduct a UX audit! Please correct any errors in this statement.
Chart 1 UX Audit
The below chart shows the fees by chain.
Cons:
Filters
1. User Interactivity: The chart's interactivity options could be clearer. Specifically, the ability to select and view "fees by chain" across different blockchains needs to be made more intuitive. Perhaps the addition of dropdown menus or radio buttons could facilitate this.
2. Comparative Analysis: If users want to compare "fees by chain" on a single chain to the "total fees across chains", this option should be more explicitly provided. It's not clear why users would want to do this comparison, so understanding user motivations could provide valuable insights to further optimize this feature. Maybe a survey or user interviews can help uncover these needs.
Expanded view
Detailed Examination: The lack of an expanded view option could limit the user's understanding of the data. Given the different magnitudes and significance of fees across chains, an option to zoom in or out to examine details could greatly enhance data readability.
Timeline selection
4. Visual Clarity: The timeline bar at the bottom of the chart could be more intuitive. At present, there may be confusion between the gray transparent chart and the main panel chart, as they seem related. Making sure the selection in the timeline corresponds accurately and clearly with the display in the main chart panel could alleviate this confusion.
Tooltips
Explanatory tooltips: The absence of tooltips to explain various concepts on the interface might impede new users' understanding. To help users unfamiliar with certain terminologies or metrics, tooltips providing brief explanations could be very helpful. Also, a FAQ section or a glossary might assist in improving user comprehension.
Chart 2 UX Audit
Pros:
It's commendable that the chart below displays events as the default view. This feature is highly useful for users as it provides insights into the reasons behind price fluctuations, helping them better understand why prices are rising or falling.
Cons:
Tooltips
1. The chart lacks a tooltip feature to help explain the data it represents. This absence could potentially make it challenging for users to fully comprehend the information displayed in the chart.
2. When users activate multiple filters, the resulting chart can become overly complex and challenging to interpret. This potentially hinders user comprehension and detracts from the overall user experience.
Chart 3
Cons:
Filter group A controls the B&C section. So it offers a better user experience when the filter group A stays at the top when the user scrolls down to see the rank of protocols.
Cons:
Filter A represents a single selection, while Filter B represents multi-selection. It is preferable to maintain a minimal difference in the visual style of these two filters to indicate the minor difference.
Chart 4: Chains
Cons:
The chain selection only impacts the right-side timeline chart. The current location of the chain selection is confusing. User may expect it impacts the left pie chart too.
Chart 2 UX Audit
Pros:
It's commendable that the chart below displays events as the default view. This feature is highly useful for users as it provides insights into the reasons behind price fluctuations, helping them better understand why prices are rising or falling.
Cons:
Tooltips
1. The chart lacks a tooltip feature to help explain the data it represents. This absence could potentially make it challenging for users to fully comprehend the information displayed in the chart.
2. When users activate multiple filters, the resulting chart can become overly complex and challenging to interpret. This potentially hinders user comprehension and detracts from the overall user experience.
Chart 3
Cons:
Filter group A controls the B&C section. So it offers a better user experience when the filter group A stays at the top when the user scrolls down to see the rank of protocols.
Cons:
Filter A represents a single selection, while Filter B represents multi-selection. It is preferable to maintain a minimal difference in the visual style of these two filters to indicate the minor difference.
Chart 4: Chains
Cons:
The chain selection only impacts the right-side timeline chart. The current location of the chain selection is confusing. User may expect it impacts the left pie chart too.
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