Southeast Asia DeFi Week 2- Day 6Event
MyEtherWallet (MEW) is an open-source, client-side interface that allows users to interact directly with the Ethereum blockchain, without having to join a centralized exchange. MyEtherWallet announced integrations with DeFi lending protocol Aave and Ren. According to a site that tracks DeFi apps, Aave is the protocol with the fourth-highest amount of value locked into it. MEW supports other dapps, including MakerDAO, the Ethereum Name Services and Unstoppable Domains. MyEtherWallet, or MEW, has carved out its niche in the Ethereum ecosystem, serving as a portal that connects its thousands of users with Ethereum dapps. The two integrations, Ren and Aave, expand its offering; they are coming to MEWconnect, a connection protocol for MEW that lets users of its mobile wallet connect with dapps. MEW connect helps us continue to be a nexus point for Ethereum and support the community’s goals of a broad and widely accessible decentralized ecosystem,” said Kosala Hemachandra, MEW’s Founder and CEO, in a statement. MEW users could already earn extra money by depositing crypto in Aave from within the platform, but now they can do it in MEW connect, an interface that lets users of MEW’s mobile wallet access the dapps. Ren brings Bitcoin to DeFi. Its protocol lets users plug non-Ethereum assets, such as Bitcoin, Bitcoin Cash and Zcash, into DeFi protocols, the vast majority of which live on Ethereum. Following the integration, MEW users can access the protocol from its mobile app. You can access the full list of supported networks and switch between them through our Network/Node list, which can be found on your Wallet Overview page after accessing your wallet. We support a wide variety of nodes hosted from other providers, such as ETC.You can use our swap function to swap between BTC and ETH, thanks to our partner Bity, but we do not offer support for BTC. We just offer the option to swap it. To receive the BTC, you’ll need a BTC wallet. Aave and Ren join several other dapps on MEW. It’s currently possible to register and manage a decentralized domain using the Ethereum Name Service or Unstoppable Domains. These domains, essentially non-fungible tokens (NFTs), can be used to host decentralized websites that can’t be shut down by governments. It’s also possible to set up MakerDAO vaults, swapping interest by lending out DAI, the protocol’s decentralized stablecoin. And users of MEW can also schedule cryptocurrency transactions using the decentralized Ethereum Alarm Clock protocol.
Zerion is a non-custodial DeFi Dashboard designed for simplicity, clarity, and user-friendliness.Amongst a sea of competitors, Zerion sets itself aThink of Zerion as the dashboard for your DeFi portfolio. At a glance, you can see your balance, transaction history, savings, and investments in detail.part with its clean and clear interface, its support of top DeFi applications, and its minimally-invasive approach. Its minimally invasive approach means that you can use many of the features of Zerion without giving it any access to your funds. With DeFi hacks happening regularly, this is an incredibly important feature. While wallets do a good job of showing simple transactions and balances, most wallets today still don’t recognize complex DeFi interactions, such as supplying liquidity on Uniswap, staking SNX, or opening a MakerDAO vault. Zerion provides a 360-degree view of your DeFi portfolio. You can see everything from your balance history, your interest earned, your vaults, and loans open. Token balances, including Dapp tokens such as Tokensets, or Uniswap Pool tokens, are all recognized and shown. If you have MakerDAO vaults or Synthetix SNX staked. Keeping track of all these trades so you can calculate your profits and loss, or for tax purposes, used to be damn near impossible. Metamask only shows a single coin at a time, and every Dapp transaction is an indecipherable “contract interaction”. Etherscan is only slightly better. Zerion shows you every single trade you made in crystal clear terms, with logos for each token and Dapp. You can see every trade you made and when you made it, with transactions clearly divided across dates. Zerion also provides insight into your lending and liquidity pooling activities. You can see how much interest you have earned, or how much you have earned from supplying liquidity on Uniswap. Since supplying liquidity on Uniswap provides complex returns which involve “impermanent loss”, understanding your returns vs holding allows you to make intelligent decisions about how to supply liquidity for maximum gains(and minimum loss). Zerion has additional features beyond what I’ve described. You can also save money in DSR, borrow money with Compound, manage your Vault, exchange tokens, and more. Zerion is definitely in that category. This one app can save you countless hours of tracking trades and calculating profits or losses. Because of its recognition of DeFi activity, you can see balances that Metamask doesn't know about. In fact, the first time I logged into Zerion, I discovered $2,500 in USDC liquidity pooling that I had completely forgotten about.
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