I am not a financial advisor, and nothing I say in this post is financial advice.
This is all educational content you can use as a starting off point for your own research initiatives. I’m just another random individual who started writing ‘cause I think/hope/know… that I have something to share with you all’. 🤷
That said, if you’d like to know a bit about me and are wondering why you should listen to me, read this intro post i wrote 🙌
In this S#!t Post, You’ll learn about:
Traditional & modern portfolio tracker,
How folks have tracked assets in the past and why we need to track assets in a different manner today,
Brief distinction between On-Chain & Off-Chain portfolio activity,
Discover scenarios of on-chain: lending, borrowing and liquidity provision strategies with some examples of how to track those strategies via our modern portfolio trackers, once implemented,
Lastly, we’ll look at some top ranked wallets and what their portfolios look like.
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There used to be a time when monitoring your Crypto Portfolio was all about tracking price movements (up/down) of the coins you held on your favourite centralised cryptocurrency exchange/trading platforms like Binance, FTX, or Crypto.comor on listing sites like CoinGecko or CoinMarketCap.
Having said that, as an industry, we have outgrown those traditional means of monitoring one’s portfolio.
We have much more complex strategies that we can implement today, and naturally, to actively monitor these strategies we need tools that are a touch more powerful and versatile.
This brings us to the three main portfolio trackers that are quickly becoming the industry standard (At the very least, for now. Who knows what tomorrow holds…):
If you are interested in seeing how these wallet trackers work, the difference in data they provide, and chains they support, you can visit any of the above hyperlinks and find my wallet by typing “shitcoinornot.eth” in the search bars of those respective platforms.
I’ll let you snoop around and try to make sense of the data in there on your own. However, remember to visit this S#!t Poster every Monday to see a breakdown of assets in my wallet and my rationale for holding/investing in them. :)
I might sound like I’m s#!t-ting on centralised platforms and listing sites, but that is not the aim here. The traditional tools are still vital and definitely continue to serve a purpose for the right demographic.
Normally, a “Traditional Portfolio Tracker” allows a user to see the assets they hold, how much quantity, and how their portfolio has performed over the last hour/day/week/month/year with some info on recent events/news related to the projects in your portfolio so you can “Stay Updated” on “Events that Could Cause Price Fluctuations”
I prepped up a sample CoinMarketCap portfolio so you can get a general idea of what these things usually look like:
Not Gonna Lie: some things were pretty nice to have like the allocation & stats tabs (shown below):
The stats tab is especially helpful as it gives you a daily dose of the truth serum regarding stuff like best performer vs worst performer.
I only hope your favourite new S#!t Coin doesn’t end up as your worst performer.
I think the idea of this feature is to urge you to finally get to your long-overdue portfolio rebalance and cut the losers as much and as often as you can.
That being said, I do believe it takes strong conviction to hold on to investments on their worst performing days with an eye to reaping the rewards on their best performing days.
I’m of the belief that it takes even stronger conviction to ditch the long position and see it for what it is: a short! Which, technically speaking, is free money you’ve been leaving on the table; free money you can use to accumulate more for your long-term HODL stash.
Moral of the story: preserve capital... don’t become an idealist in your first cycle and don’t commit to/marry any alt-coins. If you have a 20% profit sitting on the table, take it and live to fight another day! You don’t want to zero out today! Try your best to have enough to come play the game again tomorrow.
If this is your first time, you will likely sell early and miss a mega rally, you will likely buy back at the top and HODL into the bear market and sell at capitulation (market Bottom/Floor).
Yes, the above is much easier said than done. Yes I’ve been rekt more times than I’d like to admit. And no, I am most certainly not suggesting you start leverage trading. (Okay maybe I am if you are experienced and know what I’m talking about. But, remember, this is not financial advice… you do you xD)
Well for starters, I want to talk a bit about who these platforms are best for.
If you are new and are just starting your journey and are not looking to get into self-custody and only care about buying it at a certain price and selling at a higher price, you can get away with using Binance, FTX, and/or Crypto.com. The tools they’ll provide you will be all that you’ll need.
But, if you are new and wish to pursue the self-custody route and explore Decentralized Finance (DeFi), then keep reading!
First things first, these modern portfolio trackers (Zapper, Zerion.io, Debank.com) will allow you to track price movements up/down, just like our traditional ones. So, we’re not losing much with this transition right off the bat, which is always a good sign. 😮💨
But, besides those primitives, we’ll now have access to data from protocols our wallets are interacting with on-chain.
*Side-bar: What does on-chain mean? On-chain transactions are transactions that occur on a blockchain that are reflected on the distributed, public ledger. On-chain transactions are those that have been validated or authenticated and lead to an update to the overall blockchain network. (Investopedia, 2021)
Folks at the blokcchain-council.org have explained this further as the meaning of “on-chain” can be quite nebulous. Be sure to check them out if you’re interested in learning more!*
Say you’ve got 1.0 ETH in your wallet and you want to use it as collateral to borrow $100 USDC, .1 ETH, or $50 USDC & .05 ETH to then use the borrowed funds for opening a ETH/USDC LP position on Uniswap.org
First, to borrow against your ETH, you’ll need to find a lending and borrowing dapp/protocol. The best one in my opinion is aave.com (Approx $10 Billion worth of liquidity on various EVM Compatible Chains)
As you can see, once you connect your wallet, you will be presented with a dashboard (similar to the one above) with simple and clean dedicated UI elements to show you the current status of your wallet and the actions you can perform.
FYI: You have to supply assets to be able to borrow. It's an over-collateralised system, but, remember: the way AAVE works is quite magical because even though you are borrowing and technically will start accruing interest, the protocol will also start paying you some interest for the assets you have supplied.
That’s the yield your fair share of the lending pool is generating for you and the dynamic rate will always be displayed in the APY column.
Rates will vary, but, the point is your assets are still getting compounded daily and if they are strong battle tested assets like BTC and ETH, chances are these will go up in value with time. So, technically speaking, your lending to borrowing ratio is also changing. Some days it might be lower, some days it might be higher; arbitraging that is entirely up-to you!
Here’s what the no. 1 ranking wallet on debank.com has supplied and borrowed. You can watch and monitor their details in real-time such as Lend:Borrow Health Rate (2.43) and how much bonus rewards they’ve earned for just supplying, borrowing, and contributing economic activity to the AAVE markets on Avalanche.
This one platform has disrupted the On-Chain Lending and Borrowing market.
It’s definitely a step above the archaic traditional sector model at my local bank branch where only the rent collectors (the banks) make money and I am always cheated out of my fair share.
First, you might ask, what is this LP?
A liquidity pool is a group of tokens that are locked in a smart contract and used for trading between assets on a decentralised exchange (DEX) like Uniswap.
These pooled tokens are provided by liquidity providers (LPs) who receive an LP token in exchange for providing liquidity (Uniswap.org, 2022).
Read up this official How-To guide by Uniswap.org if you’re interested in becoming a LP to earn fees. This guide will walk you through the steps to provide liquidity via the Uniswap app. The new and improved AMM model of Uniswap v3 allows Liquidity Providers (LPs) to optionally concentrate capital in the price range they believe will generate the highest return. For a more in-depth discussion of concentrated liquidity, please refer to the V3 announcement post.
Here’s a sample of what wallet specific liquidity pool data can look like. Thanks/curtsy to this random wallet I came across on debank.com with $100Million locked up in Uniswap V3 LP pools.
I urge you to go checkout their history of transactions & take a look at the following: how often are they claiming their rewards?, how much do rewards end up being?, Is the amount of rewards they claim consistent?, can you guesstimate the average APY/ROI based on their historical reward claims data?, The world’s your oyster.
I’d love to go into more detail about AAVE & Uniswap in this issue as they are awesome tools, but I’ve got dedicated in-depth reviews scheduled for these protocols coming in the near future. So, if you liked this little sneak peak, be sure to revisit this S#!t Poster of yours again to read the in depth reviews :)
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Well in order for me to best present the advantages of these modern day portfolio-trackers, I had to give you guys some meaningful examples of the so-called Web3 Defi Primitives and Fundamental/Foundational Use cases.
It was necessary for me to display the differences via use-cases so folks can take away more than two bits about wallet trackers.
Unfortunately, the overwhelming majority of the centralized trading and buy/sell crypto platforms don’t provide you with these tracking abilities. Because they don’t provide these services in the first place:, no data to collect = no data to show.
As these Lending, Borrowing and Liquidity Provision features are best used “on-chain”, you are required to use a self-custody wallet like metamask.io to interact directly with decentralized protocols like AAVE & Uniswap.
Once you’ve made your said investments and are seeking to monitor/track them actively, going to these individual Dapps and signing-in/out to access their personal/native dashboards will get old and tedious really fast.
Platforms like Zapper, Zerion, & Debank are perfect modern day cryptocurrency portfolio trackers because they are smart and handy tools to house all the wallet specific data in one place. This gives you a complete, cross chain, and high level overview of your wallet activity.
To give you guys an example on how powerful and amazing these on-chain activity trackers are, have a look at these top wallets listed below. I’ll drop links to their portfolios on Debank, Zapper, & Zerion so you can see the difference:
Note: While I love Zapper and Zerion’s UI & UX more, Debank has more data and access to a wide variety of EVM chains and has a Social-Finance aspect to it.
a16Z: 0x66b870ddf78c975af5cd8edc6de25eca81791de1
debank.com | Zapper | ZerionEthereum: 0xbdfa4f4492dd7b7cf211209c4791af8d52bf5c50 (Currently Ranked No. 1) debank.com | Zapper | Zerion
$600 Million Portfolio: 0x3ddfa8ec3052539b6c9549f12cea2c295cff5296 debank.com | Zapper | Zerion
Vitalik: 0xc1e42f862d202b4a0ed552c1145735ee088f6ccf debank.com | Zapper | Zerion
That’s it for this one folks! Of course, it goes without saying but bears repeating that nothing I say or share here is financial advice. I’m just another random individual starting a substack ‘cause I think I have something to share with you all’. 🤷
Also, like many individuals who are doing this for a living I also am a humble penniless fool. So, if you are a kind, bountiful, and gifted individual who has benefited from this S#!t Postery and wish to buy this S#!t Poster of yours a coffee, Some drip money would definitely be appreciated and will help to keep my fingers going on this mechanical keyboard of mine.
You can donate whatever you think is right at this address: shitcoinornot.eth :)
If you are interested in tracking my wallet and seeing what I’m doing and how I am navigating in this “Web3 World” feel free to follow me on debank.com.
It’s the best portfolio tracker (in addition to Zapper & Zerion) to track crypto portfolios. Think of it like a summary of your holdings and investments.
Every Monday, I’ll do an update on my “Holdings” documenting my decision making and rationale behind the projects that are in my wallet.
Y’all didn’t think I learned all this from my mama’s belly did you? Let's be humble and give some credit and respect where it’s due, cause these resources were super helpful in crafting this S#!t Post 🙌
What are on-chain transactions? (2021, August 24). Investopedia. Retrieved September 16, 2022, from https://www.investopedia.com/terms/c/chain-transactions-cryptocurrency.asp#:%7E:text=On%2Dchain%20transactions%20refer%20to%20transactions%20that%20are%20recorded%20and,electronic%20system%20such%20as%20PayPal.
Abrol, A. (2022, September 7). Crypto Off-Chain vs. On-Chain Transactions: How Do They Differ? Blockchain Council. Retrieved September 16, 2022, from https://www.blockchain-council.org/blockchain/crypto-off-chain-vs-on-chain/
coinguides. (2021, November 7). List of all EVM blockchains and how to add any EVM network to Metamask. Coin Guides. Retrieved September 16, 2022, from https://coinguides.org/evm-blockchains-add-evm-network/
What Is Over-Collateralization (OC)? (2020, May 18). Investopedia. Retrieved September 16, 2022, from https://www.investopedia.com/terms/o/overcollateralization.asp
What is a liquidity pool? (n.d.-d). Retrieved September 16, 2022, from https://support.uniswap.org/hc/en-us/articles/8829880740109-What-is-a-liquidity-pool-
Introducing Uniswap V3. (2021, March 23). Uniswap Protocol. Retrieved September 16, 2022, from https://uniswap.org/blog/uniswap-v3
How to provide liquidity on uniswap? (n.d.-c). Retrieved September 16, 2022, from https://support.uniswap.org/hc/en-us/articles/7423194619661-How-to-provide-liquidity-on-Uniswap-V3
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