“Don’t put all your eggs in one basket”. That is what crypto investors are talking about portfolio diversification, a well-known method to prevent the risk of loss in investments. But managing them is a whole different story! You will find it’s struggling if there are tens of investments at one moment and you don’t have a DeFi tracker to do the job. Don’t worry! DePocket is here!
Nội dung bài viết
Reduce risk by diversified investment
The basic principle of portfolio diversification is to invest in the uncorrelated asset so that when some investments fluctuate in price, others will remain steady or even increase in value. Especially in case, one investment suffers a heavy loss.
In theory, portfolio diversification allows investors to reduce risk in downtrend markets, although this benefit is also relatively faint when applied to the cryptocurrency market. In the traditional market, stocks and bonds are two popular forms of investment. In fact, bonds and stocks are on two opposite trends, when stocks fall, bonds tend to rise. So investors can take advantage of this feature to overcome the crisis. However, cryptocurrencies are different, they often tend to rise and fall together. If you use a DeFi tracker, you can visually see how cryptocurrencies are on the same trend!
A further advantage is that portfolio diversification helps limit extreme outcomes. The cryptocurrency market is very risky. If you are “all in” on a token that is sold off, hacked or rug pulled, your investment can be completely lost. If the portfolio is more diversified, other cryptocurrencies that are still performing well can help investors avoid losses.
DeFi tracker – DePocket is the key
For any investor, the ultimate goal is to optimize profits while minimizing risks. There are many strategies to manage risk, and portfolio diversification is a popularly chosen method. But choosing a platform that has a high interest in staking, farming, saving, or trading is not easy. Not to mention how to manage all kinds of those on different platforms. That leads to a headache issue: How to manage various investments on all platforms?
DePocket, a DeFi tracker, is the ultimate solution to those problems. All your investments on numerous platforms will be displayed on one single dashboard. From that, you can monitor your investments without visiting each platform manually. Furthermore, three other features solve three different problems of staking/ farming, saving, and trading.
1. Trading
A large number of AMM DEXs on multiple blockchains are integrated on DePocket such as Pancakeswap, Bakerryswap, Pancakebunny, Venus, and so on. So users can use just one app to determine what platform currently has the lowest transaction fee. Additionally, users are also able to do swaps on DePocket’s interface. So convenient!
2. Farming/staking
If you click on earning tab, you can a list of currently supported platforms that offer staking features and respective APY. That visual list helps users consider staking what coin on that platform will get the best profit over time. Hence, investments are optimized!
3. Saving
If you have some idle amount of cryptocurrencies but don’t know where to save, DePocket can give you a hand. The saving feature will indicate a summarize of the available saving pools of supported platforms. Your turn is to choose which token on which platform has the highest APY. Moreover, users can save DEPO right on the DePocket app. A good way to gain profit!
Bottom line
If you are a crypto investor and planning to maximize investment interests, you are in the right place. Don’t hesitate to visit DePocket, a useful DeFi tracker for your crypto career!
