• Amy Kalnoki

DeFi, DeFi, DeFi!

DeFi is everywhere at the moment, and Bitwave is thrilled to announced our new DeFi portfolio management tool - if you are interested in trying it out, email us at info@bitwave.io.

Did you know that Bitwave has been working on DeFi tooling for months now? With our deep integration with Ethereum and other leading blockchain projects build on the Ethereum network, and our bevy of cutting edge customers, we were getting requests to support crazy staking coins and governance tokens before it was cool. Bitwave is the first DeFi aware cryptocurrency management platform.

Are you new to Defi?

Here are a few basics:

  • Decentralized Finance, or DeFi is a term used to describe any peer-to-peer finance app.

  • The current DeFi movement is being powered mainly by Ethereum, but all the smart contract focused blockchains are getting into it.

  • Digital Asset investors appreciate that it's a financial system that is not tied to any government or company, which is appealing given our current times.

  • People are reporting crazy-high returns, often in excess of 1000% APY.

Entrepreneur magazine recently wrote an article highlighting the current investments in DeFi, and the numbers are staggering. Here are a few highlights:

  • DeFi is a big thing right now with more than $4 billion in assets locked up in various DeFi projects.

  • It’s growing, rapidly: it’s estimated that the DeFi industry is growing by nearly half a billion dollars per week.

Again, Bitwave supports DeFI investment monitoring through our platform and recently announced a new DeFi aware feature set. If you’re interested in trying it out, please email us at info@bitwave.io

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