DeBank is a dashboard for monitoring your DeFi portfolio, complete with data and analytics for decentralized lending protocols, stablecoins, margin trading platforms, and DEXes. What Is DeBank? We will talk about that topic in detail here.
What Is DeBank?
Created a multi-chain cryptocurrency portfolio tracker to help users manage their DeFi assets. DeBank is a multi-chain cryptocurrency wallet that allows users to track their entire portfolio as well as track DeFi applications, compare interest rates, manage assets, find DeFi projects, analyze risks, and more, allowing users to perform token swaps for token exchange and discover investment opportunities through detailed real-time data.
Unlike previous wallets in blockchain ecology, this "wallet" was created solely to assist users in tracking and managing their DeFi assets. DeBank will be found in both centralized and decentralized wallets in the future.
Who Founded DeBank?
Xu Yong, the company's founder, founded DeBank in Shanghai in 2018. DeBank's investors include Crypto.com Capital, Sequoia Capital China, Circle, Coinbase Ventures, Ledger Capital, and five others. DeBank raised $25 million in total.
What Does DeBank DeFi Wallet Mean In Crypto?
Unlike previous wallets in blockchain ecology, this "wallet" was created solely to assist users in tracking and managing their DeFi assets. DeBank will be found in both centralized and decentralized wallets in the future.
In 2019, the DeBank team became aware of and began to participate in DeFi Apps, and discovered that traditional Ethereum wallets, whether centralized or decentralized, can only count and manage users' token assets. Because tracking and managing assets on various DeFi platforms takes a long time, we came up with the idea of designing a DeFi wallets "wallet" that focuses solely on meeting users' needs for tracking and managing their DeFi assets, regardless of whether their private key management is centralized or decentralized.
Summary
If you asked me “What Is DeBank?”, my answer would be “a multi-chain cryptocurrency wallet that allows users to track their entire portfolio as well as track DeFi applications, compare interest rates, manage assets, find DeFi projects, analyze risks , and more, allowing users to perform token swaps for token exchange and discover investment opportunities through detailed real-time data.”
