DeBank : The Ultimate Crypto Wallet for DeFi, Web
The real Web3-native messenger and the best web3 portfolio tracker that covers all your tokens, DeFi protocols, NFTs across all EVM chains.
DeBank login | DeBank connect | DeBank cripto | DeBank wallet | DeBank products
Problems With Current Authentication Systems
Authentication is the process of proving that a fact or document is genuine. In computer science, authentication is usually associated with proving a user’s identity whether a user is an organization or individual. We currently prove our identity by providing credentials such as a username and password. Almost all applications have some sort of authentication to regulate access to their service.
Risks and Problems of Current Authentication Systems
Usernames, passwords, emails, and other sensitive personal information are usually stored on centralized systems that are often at risk of hackers attempting to steal user information all at once.
Personal data is often controlled, collected, and shared with other parties without people’s knowledge.
It’s difficult for people to manage and remember so many passwords, which creates a bad user experience.
One of the main risks of logging in with social media accounts like Facebook and Google (single sign-on) is if a single account is compromised, the attacker can then gain access to all of the applications and data associated with that account. In 2018, a Facebook security breach exposed the accounts of 50 million users.
What is Web3?
Web3 is the next generation web and a decentralized internet where users are in control of their data. It's powered by blockchain technology which enables users to interact with each other without the need for a central authority. While the Web3 ecosystem is still in its early stages, it's growing quickly.
Some of the key features of Web3 technology include:
Interoperability: Web3 technologies are designed to work together which allows different applications to share data and interact with each other.
Privacy: Users have more control over their data as they can choose who to share it with and how it's used.
Security: Web3 technologies are built on cryptographic principles, which makes them much more trustworthy.
Decentralization: There’s no central point of control. Instead, power is distributed among all users, which makes the web more resilient and censorship-resistant.
DeBank login | DeBank connect | DeBank cripto | DeBank wallet | DeBank products
DeBank General Information
Developer of a multi-chain cryptocurrencies portfolio tracker designed for users to manage their DeFi assets. The company's cryptocurrency wallet allows users to track their full portfolio, compare interest rates, manage assets, find DeFi projects, analyze risks, and more, enabling users to perform token swaps for token exchange and discover investment opportunities through detailed real-time data.
DeBank login | DeBank connect | DeBank cripto | DeBank wallet | DeBank products
View others’ activities
Now that’s all cool, but you can use the above features with another person’s wallet. We know that the blockchain is semi-autonomous, so if you’re able to identify a whale’s wallet, simply enter his or her address into DeBank and track its activities.
For example, the address 0x534a0076fb7c2b1f83fa21497429ad7ad3bd7587 has been accumulating more than 200,000 GMX tokens over the past several months — worth US$8m today.
This can be useful for following what the whales are doing, copy-trading them, and profiting!
Track top DeFi protocols and their top depositors
It would be good to identify whales right? One way to find out who these whales are is to look for top depositors in popular DeFi protocols — this can be found in the DeFi List tab.
For example, diving into Convex, we can see that the top depositors in Convex are mainly contracts.
But scroll further down and you will start seeing EOAs appearing.
…and we have found a whale occupying 7th spot in the Convex list — this person has US$103m in Convex, US$23m in Aave and US$22m in Aura Finance.
DeBank login | DeBank connect | DeBank cripto | DeBank wallet | DeBank products
The social ranking takes into account a number of factors, including ETH balance, address age, profile integrity, deposits into DeFi and more.
Maybe following these top accounts may inspire you with some alpha that you wouldn’t have thought about yourself.
If you love portfolio trackers, check out this article below to see which are the best portfolio trackers in DeFi.
DeBank login | DeBank connect | DeBank cripto | DeBank wallet | DeBank products
DeBank login | DeBank connect | DeBank cripto | DeBank wallet | DeBank products
Last updated
