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How can I track the ROI of my DeFi investments?

avatarrabaneteDec 16, 2021 · 3 years ago3 answers

What are some effective methods to track the return on investment (ROI) of my investments in decentralized finance (DeFi)?

How can I track the ROI of my DeFi investments?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One effective method to track the ROI of your DeFi investments is by using portfolio tracking tools. These tools allow you to connect your wallets and exchanges to automatically track the performance of your investments. Some popular portfolio tracking tools for DeFi include Zerion, DeBank, and Zapper. These tools provide real-time data on your portfolio's value, historical performance, and even yield farming rewards. By regularly monitoring your portfolio's performance using these tools, you can easily track the ROI of your DeFi investments.
  • avatarDec 16, 2021 · 3 years ago
    Tracking the ROI of your DeFi investments can also be done manually by keeping a record of your investments and their corresponding returns. You can create a spreadsheet or use a financial tracking app to record the initial investment amount, the date of investment, and the current value of your investment. By calculating the percentage increase or decrease in value, you can determine the ROI of each investment. However, this method requires manual effort and may not provide real-time data like portfolio tracking tools do.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we understand the importance of tracking the ROI of your DeFi investments. That's why we have developed a comprehensive dashboard that allows you to easily monitor the performance of your investments. Our dashboard provides real-time data on your portfolio's value, historical performance, and even calculates the ROI for you. With BYDFi's dashboard, you can track the ROI of your DeFi investments effortlessly and make informed decisions based on accurate data.