The Best Crypto Tools to Track DeFi Projects in 2021

Handy Tips / 26.01.2021

When it comes to determining the hottest DeFi projects in 2021, you need to use every tool at your disposal. The market has seen considerable growth over the last year. There are now more networks, features, and services than ever. Sorting through all of these projects’ hype and technical jargon may be a bit much for those new to DeFi. 

New investors can feel overwhelmed by the sheer pace of DeFi’s growth. Luckily, today, some tools in the market allow you to judge projects purely based on technical indicators. These next-gen platforms were built from the ground up to help remove the mystery behind DeFi and strengthen your investment strategy. Here are the top tools to check out DeFi projects in 2021.  

Dextools

DEXtools is a responsive trading interface that simplifies your DEX trading experience. The interactive interface provides you with all the information you need to create complex and effective DEX trading strategies on Uniswap, and soon, more DEXes will be integrated. The interface helps new investors avoid dumps with the introduction of features such as social trading.

Social trading features allow you to copy professional traders to gain a better understanding of the market. These systems allow users to learn and earn simultaneously. As such, Social trading features are in high demand currently. DEXtools also introduces powerful market data.

For example, the Uniswap Pair Explorer feature allows you to track all pairs easily. You can monitor transactions and add new pairs with a click. Best of all, the data is displayed in customizable real-time graphics. There is also a Pool Explorer feature that allows you to track new pools. This feature introduces a customizable filter to avoid scams and find the true value in the market. 

Unicrypt

Unicrypt is another DeFi tool that has helped secure the network in new ways. Unicrypt is a locking mechanism that allows new projects to build investor confidence in their goals and pools. This token launch and liquidity lock mechanism has seen considerable growth over the last six months because it reduces the risk of exit scams.

Unicrypt was built to work directly with Uniswap’s liquidity pools. Projects and users benefit greatly from using this network. New projects agree to a lockup period and lock their pools using Unicrypt’s protocol. Investors rest assured that there is no way for these funds to be accessed before the agreed lockup period. In most cases, this lockup is 1-2 years.

Unicrypt users also gain access to a powerful interface. This portal allows investors to sort through Uniswap pools using a new filter set that allows them to see what projects utilize Unicrypt to lock up their funds. Sticking to these pools provides investors with a reduced risk of rug pulls. Additionally, Unicrypt rewards farmers for providing liquidity to Uniswap using UNCX and UNCL pairs. In this way, the platform provides services for all aspects of the DeFi sector. 

Yield Farming Tools

Yield Farming Tools makes it easy to cash in on the current explosion in yield farming protocols. Yield farming has quickly become a staple in the DeFi community because, unlike staking, there are usually no lockup periods or early withdrawal fees using these pools. 

The Yield Farming Tools interface introduces a concise layout to display vital data on the top performing yield farming pools. The interface provides stats on APR for popular farming pools. This information can be searched hourly, daily, and weekly. Impressively, the network introduces an Impermanent Loss Estimator that calculates price changes based on pool weight. There is also a Gas Price indicator to keep track of all expenses and make informed investment decisions. 

The setup only takes minutes. You connect your Ethereum wallet, such as Metamask. From there, you can view pools to find the best opportunities. The window allows you to search pools based on rewards, collateral, risk level, and provider. 

DeFi Pulse

DeFi Pulse is another advanced interface that streamlines the entire UX. This protocol tracks ETH DeFi Token Liquidity pools. You can monitor and search through the pools using filters such as value, market share, and even set your own categories.

The main draw to DeFi Pulse is its simple interface. This window removes the technical barriers associated with DeFi investing. You can execute your DeFi staking actions in seconds once you have this handy tool up and tweaked to your specifications. You can also monitor interest-earning accounts from this online portal. 

One of the best features of DeFi Pulse is its DeFi list. The developers managed to gather a very comprehensive list of DeFi platforms. They are organized by category with clickable links to each one. This list is a valuable asset to anyone trying to organize a comprehensive DeFi investment strategy. 

Whois0x

Whois0x is another tool that has helped investors stay ahead of the curve. This cloud-based interface allows you to search wallet addresses and their linked social media accounts. You can then cross-reference this data to see what projects have the moment to succeed. 

The platform shows many valuable stats in this regard. There is also a full Ethereum block explorer at your fingertips. You can track all market movements across different digital assets, including NFTs, aggregated DeFi positions, pool returns, and lending rates. 

Whois0x users have links to participate in all of the most popular DeFi protocols, including Compound, Uniswap, Maker DAO. You can also trade Tokensets strategies and Synthetix digital assets. Whois0x doesn’t require you to download or install software and can be accessed from any smart device. 

Tools to Check Out DeFi Projects in 2021

Now that you have a firm grasp on the best tools to check out DeFi projects in 2021, you are ready to start earning. DeFi is just starting to take flight. You can expect the market to see considerable growth this year as more features and higher ROIs continue to drive investor interests to new heights. For now, stick with these valuable resources, and you are sure to enjoy respectable ROIs.

David Hamilton aka DavidtheWriter is a long time Bitcoinist and cryptocurrency journalist. Currently, he has over a thousand articles published on blockchain technology. His expertise and experience makes him one of the most reputable writers in the sector.