No matter if you are a newbie or a professional trader & investor it is hard to track your positions and get data like profit/loss you make compared to your initial investment or monitor various token holdings and DeFi positions across multiple protocols.
Aiming to solve this problem, VALK has built Merlin, a DeFi smart wallet allowing investors to monitor their DeFi positions across multiple protocols, blockchains and a range of metrics. They provide the form and precision of reporting is extremely rare in the modern DeFi and yet essential for the majority of traders & investors.
They are integrated with major protocols such as Maker, Compound, Aave, Uniswap V2 and V3, so our users simply need to connect their wallet or paste their address to kickstart working with Merlin.
For liquidity pools on Uniswap, Merlin will show any claimable fees, impermanent loss, range and other key performance metrics. Merlin’s calculation engine will spot the date on which you deposited the particular crypto asset, the price of the Token at the time of deposit and the current price of the Token. This will show the portfolio balance as well as the gain/loss including gas fees. The user can view their holdings, as well as the current total and daily PNL.
Merlin provides all of the above in an easy to digest visual description of your trades and investment decisions.
Merlin transaction details view
There is also a clear breakdown of individual assets and positions held on each asset, and further analysis on a transaction by transaction basis.
Merlin will provide access to the best-in-class analytics for the Trader Joe community and allow investors & traders to monitor their positions on Trader Joe and other major protocols, such as Compound, Maker, Aave, Uniswap V2 and V3. Merlin brings a much needed effective way of keeping track of the performance of their DeFi investments for the Trader Joe community.
About VALK
Built on the Avalanche network, VALK is connecting DeFi investors with innovative protocols across different blockchains and providing access to complex DeFi trading strategies for retail and institutional crypto investors.
About Trader Joe
Trader Joe is the leading titan within the Avalanche ecosystem. With over $1.5B TVL, it has been in the centre of the explosion of protocols running on AVAX, and has one of the strongest communities seen in DeFi. Users of Trader Joe are able to trade, lend in pools, farm, stake and swap, all from the same app.
SOURCE
https://valktech.medium.com/valk-is-partnering-with-trader-joe-b94d7ef55f89
