LONDON, Sept. 22, 2022 (GLOBE NEWSWIRE) — VALK, the corporate constructing an ecosystem of highly effective decentralized instruments for good buying and selling in DeFi, introduced in the present day the launch of Merlin, a DeFi portfolio tracker that has solved reporting and analytical difficulties throughout positions on the blockchain. In a complete dashboard, Merlin gives internet value and transaction historical past stories for ~1000 protocols throughout 10 chains, date of entry and exit, yield and extra to ship P&L calculations for essential DeFi protocols: Compound, Uniswap V3, Aave, Lido, and extra coming quickly.
“The Ethereum merge event had a huge impact in driving attention to the Ethereum blockchain and the innovation that it has bolstered until now. We view the post-merge phase as an opportunity to create better tools for the next wave of growth and at Merlin this means improving the DeFi experience with a high-performing portfolio tracker and smart on-chain data analytics,” stated VALK co-founder and CEO of Valk, Antoine Loth.
Current Problems with DeFi Portfolio Management
DeFi portfolio managers and buyers are missing the required instruments to get a granular view of their revenue and losses primarily based on their preliminary investments. Few DeFi portfolio trackers are in a position to present deep analytics on the investor’s positions. This signifies that vital metrics, equivalent to PNL per technique, mixture money owed/charges, yield (in USD) and others are missed out. Most DeFi reporting providers solely take the investor’s present portfolio place, that means that in-depth evaluation of particular person transactions over a time frame may be very tough. For instance, an investor operating a number of positions throughout completely different protocols with the identical asset gained’t be capable of assess particular person yields from lending on Aave, or every day PNL from operating an LP technique on Uniswap.
In specific, if a technique is executed utilizing a non-stablecoin, 2 variables come into play: the yield obtained within the token (e.g. ETH) that’s invested and the token’s worth in comparison with the USD. For instance:
- A consumer deposits 1 ETH right into a lending protocol i.e. on Aave
- At the time of deposit, the ETH worth at $3000 and yield at 1%.
- After a yr the consumer ought to have an equal of 1.01 ETH, but when the worth of ETH decreases to $2500 it might present as a achieve in ETH however a loss in USD.
VALK co-founder and Head of Product, Elie Azzi added: “Other wallet tracking tools can only focus on current (open) positions. This causes problems for user who need to keep a database of all their positions: for PNL reporting, strategy comparisons across pools and taxation/accounting purposes. Whilst some tools focus on historical values, these tend to focus on liquidity pools and not on lending/borrowing/staking positions, despite the former only comprising only 1/3 of the $67B TVL (total value locked) across all major chains.”
Introducing Merlin, A Smarter Tool for DeFi Reporting
VALK’s pockets reporting software, Merlin, gives a easy interface for customers to enter their pockets handle and get a transparent view of open and closed historic positions associated to that pockets. Merlin helps 1000 DeFi protocols, displaying the portfolio steadiness, in addition to positive aspects and losses in USD/ETH/%, which additionally account for fuel charges. It can even filter out data by protocol and transaction (e.g., added liquidity, change, deposit, borrow and extra).
Advanced DeFi customers and establishments can faucet into Merlin’s calculation engine to investigate and enhance their buying and selling methods much more granularly. On chosen DeFi protocols Aave, Compound, Lido, Uniswap V3 (and extra to be added quickly), Merlin calculates complete yield and PNL (in USD) associated to the place, together with the vary, impermanent loss and each unclaimed and claimed charges on LP positions. Soon, Merlin will permit buyers to say charges straight from its interface with out having to go away the platform.
About VALK
VALK, having already launched a profitable FinTech personal markets platform, has dedicated to launching Merlin as a part of its multi-phase plan to carry Smart DeFi to everybody, from particular person merchants to institutional asset managers, by bettering accessibility and overcoming key points associated to DeFi portfolio administration.
About Merlin
Merlin’s net app permits connectivity by way of a pockets handle or Web3 connection, and can analyze all positions, methods and total portfolio insights from the pockets. From transaction historical past to NAV and PNL calculation, Merlin has the consumer coated. VALK’s platform serves particular person merchants (DeFi newbies and native), DeFi fund managers and admins, treasury managers, and extra. Merlin is obtainable and free to make use of by way of its app (https://mymerlin.io/), and has opened APIs for industrial use of information and indexation stories.
Follow Merlin on Twitter, Linkedin, Youtube, Telegram and Discord.
For press inquiries contact Karla Vilhelem at [email protected]
Photos accompanying this announcement can be found at
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