How To Use Binance Smart Chain: Tracking Your Portfolio And Yields

Many investors find it tough to track the performance of their assets across multiple platforms, so here are some simple tools that take that stress away!

By
Ahamdi Abarikwu
on
June 2, 2021
Category:
Tutorials

Introduction

212... That's the number of distinct yield farming platforms on the Binance Smart Chain (BSC), according to BSCScan. Add that to the number of BSC tokens - one hundred and ninety-one, based on data from Coinmarketcap at the time of writing, and one can easily get lost in the world of BSC in particular, and crypto in general.

For both the casual and full-time investor in BSC earning platforms, manually keeping track of your crypto investment portfolio is a daunting task. The problem gets steeper as the number of yield platforms a person interacts with increases. 


YieldWatch

Yieldwatch is a portfolio tracking tool. It is easy to use and has a simple interface. With Yieldwatch, you can see your total deposit, the net yield of your assets across major BSC yield protocols, impermanent loss, fees earned and other neat data. Currently, Yieldwatch supports 14 protocols, including Jet Finance, Beefy.Finance, PancakeSwap, HyperJump, and Venus among others. What Yieldwatch does is pull your data from all the platforms you're invested in and display them in one interface, eliminating the need to check multiple platforms to see your yields. 

Placeholder Wallet

To use Yieldwatch, simply follow 4 easy steps:

  1. Visit Yieldwatch
  2. Input your BSC BEP-20 address
  3. Tap the platform icons to select the platforms you want to monitor 
  4. Click on 'Login'

The free version of Yieldwatch will display limited details like total worth and wallet balance, but you can unlock the Pro version for a fee to have access to more exhaustive information. 

Tin.Network

Tin.Network provides a simple interface from which one can visualize one's DeFi assets and liabilities. Among other details, it shows the balance in your wallet, the total value of your staked assets, and the total rewards that have accrued to you across the DeFi platforms you invested in. Once again, this project allows users to skip a lot of steps to check their portfolios.

Placeholder Wallet

Using Tin to track your portfolio is seamless. Just go to Tin.Network and enter your BSC address, and your asset data will be aggregated on the platform. 


Dappradar's BSC Portfolio Tracker

Dappradar's BSC Portfolio Tracker is another good option. It can track DeFi portfolio in both Ethereum and BSC networks. The interface is not cluttered, which can be an issue on some aggregation platforms. 

Placeholder Wallet


To use the tracker, follow these 3 steps:

  1. Go to the Tracker webpage
  2. Select 'Binance Smart Chain' and paste your BSC Address in the space provided. 
  3. Click 'Open Wallet' 

The default page displays the total worth of your DeFi and NFTs, as well as a graph of your holdings. You can also click on the 'Assets', 'NFTs', 'DeFi' and 'My dApps' to make the view more specific.


The Importance Of Monitoring Your Portfolio

The primary reason for investing is to make profit, making it necessary to know how much you have earned compared to your initial investment. If you know the health of your portfolio, you will be able to assess whether a particular pool is worth investing in; you can decide to move your funds to a different farm either to improve yield or manage your risks.


Last Words

Monitoring and staying up to date with a BSC portfolio and yields would likely entail visiting one platform's website and another, and the next, becoming a frustratingly long experience. But thankfully, some tools can help take that burden off our shoulders. With simple tools like Dappradar, Yieldwatch, and Tin.Network, you can monitor and track your portfolio and yields across the entire BSC, all from one simple-to-use interface.

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Ahamdi Abarikwu

Ahamdi Abarikwu is an Electrical Engineer and a lover of anything crypto. He is also an avid writer, proofreader and editor. He loves to play Scrabble in his spare time. He hold bags mostly in BabyDoge, CSM (Crust Storage Network), and JulD.

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