Muttley’s Week 64: Powerful Defi Tools for a Liquidity Provider
Use these tools to find better liquidity pools.
In today’s newsletter, I would like to share with you some interesting tools that I and many other users use to find liquidity pools in the crypto market.
All these tools I will comment on here today are free, so enjoy!
1- DefiLlama
This tool is already well known and used by users who are inserted in the crypto world. Through it, it is possible to access metrics and data on many blockchains.
But in this article, we will only focus on the category of “Yields”.
When accessing the site, you must click on the “Yields” option in the side menu.
In this section, it will be possible to analyze liquidity pools in several blockchains. You can see the project name, TVL, Chain, APY, 30-day avg APY, and more.
If you only want to view the liquidity pools of a specific Chain (in this example, we will use Solana) click on the “Chain” filter, then “Clear”, then search for the chain you want and select it.
Now you will see the pools only on that particular chain.
You can also search for specific tokens, in the image above I searched for MSOL and set it to descending in the APY filter.
DefiLlama is a very powerful and free tool! If you use Defi and invest in crypto this tool will help you a lot.
Access here: https://defillama.com/yields
2- Yewbow
Another great tool, and this one is more focused on Defi users who are looking to analyze the various liquidity pools with more advanced filters.
This tool does not include the Solana network, it focuses on showing only Ethereum L2 chains.
When accessing the site, you must click on “Pools” in the top menu.
Yewbow offers several advanced filters for you to be able to find liquidity pools of interest.
You can choose a network using the button next to the search field at the top of the site.
In the first section of the page, you will see the pools with the most TVL and volume in that particular chain.
In the second section of the site, you can view all the liquidity pools with more details.
One of the metrics that many Defi users are looking for is the amount of Fees generated by a pool in 24 hours, in this case, currently, the pool that generated the most fees is WETH/USDC.
Don’t forget to always be aware of the amount of Volume and TVL of the pool. All these metrics should be taken into account when choosing a pool.
Through the filters, you can also decide to view only pools with stablecoins or with ETH pairs.
Access here: https://info.yewbow.org/#/pools
3- Step Finance
This is a tool, especially for Defi na Solana users. Through the Step Finance dashboard, it is possible to view various metrics and pools available on the network.
In the first section, you can see the tokens that performed the most positively in the last 24 hours.
In “On-Chain Markets” it is possible to view and filter different pools that are available on the network.
And in the third section, under “Farms”, it is possible to analyze the available liquidity farms.
Great tool and very easy to use. If you want to have better control over your positions, click on Dashboard and after connecting your wallet you will be able to see details about your portfolio and you will be able to control your current positions in the Solana Defi protocols.
Access here: https://analytics.step.finance/defionsolana
Extra Tool — Revert Finance
One of the most essential tools for those who create liquidity pools more frequently and want to have access to their performance.
This is also a free and very powerful tool! Through it, you will be able to have control and view all the details about your active and “exited” liquidity pools. It unfortunately does not support the Solana network.
In this article, we will focus on the “Top Positions” section. Through it you can see the wallets of whales.
It’s a great option for you to analyze all the details about the whale's positions in the pools.
You can do a more specific search. In this example, I will use the GMX token and I will choose to view pools only on Arbitrum.
I selected the WETH/GMX pool.
And then you can analyze the PNL, APR, Position value, Position age, price range, and the wallet of this whale.
After selecting one of the wallets, you will have access to more detailed information about that whale’s pool.
It is possible to see the range price of the pool when this wallet started it, and several other metrics.
It’s a great option for analyzing whales’ wallets and understanding exactly what they are doing in the liquidity pools.
Access here: https://revert.finance/
I hope you have enjoyed the tools presented in this article. I’m constantly looking for new tools to improve and maximize my Defi performance.
If you know more tools like these, share them with us through our discord community! You will be very welcome there!
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