Understanding CeFi, DeFi & Yield Farming - Part 3

menoski (69)in Project HOPE • 3 years ago

Hello everyone, hope you all are doing good? I'm back with the Part 3 of this amazing series, Understanding CeFi, DeFi & Yield Farming. If you haven't read the Part 1 and Part 2, I strongly suggest you that by clicking here for Part 1 and here for Part 2. In today's article we would be looking DeFi Products.

Source

DeFi system offers varieties of amazing products, but I will taking a look at two very cool DeFi products, which are;

Wallets
Asset Management

Wallets

Wallets are one of the most notable and used DeFi product. I think almost everyone, if not everyone who makes use of the DeFi system, also makes use of wallets. Wallets are highly decentralized products, as only you and you alone have full control over your wallets. You have the ability to send and receive any amount of money without any intermediary getting involved. Your hard earned funds are fully secured and safe, as only you have the key phrase or private keys to your wallet, as long as you don't share your key phrase or private keys, your funds are fully secured. There are numerous Defi Wallets such as;

TrustWallet
WalletConnect
MetaMask
Argent
Fortmatic
MyCrypto
Authereum and many more

Metamask

Among all of the amazing outstanding DeFi wallets, Metamask seems to be the best to 'me', as it is the most widely used wallet, hence, the most supported wallet across the DeFi ecosystem, i.e you can easily connect your Metamask wallet to numerous DeFi DApps, making it the absolute best.

Metamask is crypto wallet that is a browser plugin, hence, making it super accessible. As soon as you enter any DApp that request for a wallet permission, your Metamask is right there with you. It makes it seemless when connecting once wallet to DApp exchanges, games and so on. It is supported on Chrome, Firexfox and Brave browsers. This is one oldest and safest wallet in the crypto world. For it to be one of the oldest and have never suffered any malicious hacks, that says a lot to the security level of the wallet, as it uses Hierarchical deterministic settings which helps back up the wallets of users by providing them with Seed phrases, which can be used to recover once account.

Metamask wallet is simply the best wallet to me, as I have been using for years without any issues. It has an easy to use interface and the accessibility from ones browser is just what makes me like it even more.

Source

Asset Management

This is another amazing DeFi product, that the DeFi system offers its' users. As many of us, drive into the DeFi system, we try to acquire so many assets and sometimes, we can't keep track of all the assets we have, which is not very good at all. Or you may have so many assets spread across numerous platforms and it becomes difficult to keep track of your balance, profits or losses accrued. With the Asset Management product, you can now adequately keep track of all assets, know your current total balance across all platforms with just a glance. Asset Management, is a must have, for any major investor in the DeFi ecosystem. They are quite a lot of Asset Management DApps, which are;

Set Protocol
Curve
Balancer
Zapper
Inspect
Zerion and many more

Zerion

Among all the amazing Asset Management DApps, I personally think that Zerion is the best, as it is the sleekest product in the Asset Management ecosystem. Zerion offers its' users the ability to borrow, invest, save and exchange, at it's dashboard. It also offers its' users the ability to keep track of their assets both on their mobile phones and desktops, which is just amazing.

I think Zerion is one of the best DApp in the entire DeFi ecosystem and on the entire blockchain, because it a platfrom where you can easily perform every DeFi related activities. The platform integrated with popular DeFi protocols such as Uniswap, Curve, Aave, Maker, Compound and others, hence, allowing it's users to be able to trade, lend and borrow assets, as well as providing liquidity to various DEX pools, all in single interface. It is completely mind blowing. With all these services it offers it's users, it still does it primary purpose which is managing user's portfolio across multiple wallets and as well as track their assets in real time and also providing live price updates of all assets.

Zerion is an all in one DeFi platform, hence, making it the best DApp platform under the category of Asset Management in DeFi ecosystem.