Fuse Integrates with DePocket

Published on: 14.08.2022

Fuse Integrates with DePocket, so Fuse users can now follow the performance of their investments and DeFi transactions with the same address or addresses on multiple chains, including Fuse Network.

The arrival of DeFi opened a new way to see the world’s financial system. Prior to it users will have to go through government-approved financial institutions to save, lend or borrow for personal use or business. DeFi aims to build an inclusive ecosystem in which financial products can be available at the doorstep of every user. The DeFi ecosystem wants to break the barrier by making people in remote places without access to physical banks perform financial transactions.

According to Statista, the number of unique DeFi addresses is more than 4.8 million today, which is a tremendous improvement compared to two years ago, when the number of DeFi was around 303,000. Despite these achievements, there is still more room for improvement; World Bank research shows more than 1.7 billion unbanked adults, which means there is a long way to go considering there are just around 4.8 million DeFi users.

Banking the unbanked goes beyond breaking the barriers associated with people visiting physical banks or going through complex KYC procedures before they can open accounts. The DeFi ecosystem has to be simple so that users can not only easily understand terms like lending, farming, and staking. DeFi platforms will also need to have a good user experience so that users can easily understand how the system works. Good user experience also involves portfolio management in which users can add and manage all their tokens through one platform.

A portfolio management tool for DeFi users

DePoket is an integrated DeFi platform that allows users to manage and invest in crypto assets across multichain and multi-wallet. The DePocket team noticed the many crypto networks available today, and it is impossible to pick the best network; that is why DePocket allows users to manage their DeFi portfolio across different platforms effectively.

DePocket relies on continuous steaming and on-chain data index system from blockchain platforms, ensuring real-time asset tracking and monitoring. Using this architecture, DePocket can scale up the list of assets and easily monitor various blockchain networks.

DePocket features include asset monitoring, which gives users a clean interface to manage their assets and calculate profit and loss in real-time while ensuring that only the user has access to his private keys. Users can also add NFTs and multiple addresses to their DePocket dashboard. DePocket also sends notifications about yield farming, staking, and APR/APY ranking.

DePocket currently supports a range of major DeFi protocols such as PankakeSwap, BakerySwap, and Venus. Overall, Depocket supports 50 dApps across 14 different chains in categories like lending, borrowing, staking, and AMM DEX.

How Fuse integrates with DePocket

DePocket will ensure that Fuse users can track their portfolios without the need to enter their private keys. Fuse users will only need to copy and paste their address, and Depocket will display their portfolio across DeFi platforms on the Fuse Network on their screen.

DePocket has made portfolio tracking easy for fuse users. They will need to simply turn on the green tick in the Multi-chain section of the DePocket dashboard. To track their investments on the Fuse Network blockchain. DePocket aims to add other platforms in the future. To ensure that Fuse users can track their portfolio from dozens of DeFi platforms.

DePocket will also benefit from the integration with Fuse because it will help the project to expand to more users. DePocket users can expand their portfolios by accessing all the tokens on the Fuse Network. It means that the cooperation brings several benefits to both Fuse and Depocket.