DeFi Dashboard proposal on Hive blockchain

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DeFi is getting stronger and stronger on Hive blockchain through TribalDex and BeeSwap platforms which provide sweet rewards to Liquidity Providers. And the space continues to develop with New Pools, but also with different ways to incentivize the users. As one could jump quite heavy as market makers and put serious funds into the available pools, one thing that I have observed is that it becomes a necessity for a DeFi Dashboard to track all this activity.

HIVE_DASHBOARD.jpg

There are many DeFi Dashboards in the crypto space and one that I like pretty much is the one from Thor Yield for its complete details. Basically, a Liquidity Provider should know at any point the following information.

  • The Earnings compared to HODL
  • The Liquidity Added
  • The Liquidity Withdrawn
  • Total Days in the Liquidity Pool
  • Total Fees and Bonuses earned
  • The Current Value of the assets from the pool

This information should provide by a quick snap where a Liquidity Provider is finding himself at a certain moment in time. With the accelerated growth of Defi on Hive blockchain, I believe that such a Dashboard becomes pretty mandatory. Current platforms contain some information about the position in the LP, earnings per day, and bonuses but I think they can do better. Having such information presented to the end-user simply builds trust and encourages anyone to get on board and dive into the DeFi world from Hive.

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Not that I know for sure, but there could be even DeFi Dashboards open sources and any of the current projects could take the layout from there and adapt it to Hive blockchain and the DeFi from here. Or if easier to build one from scratch as the most important thing is to present this information to the end-user. Hopefully, somebody will read this proposal even if it is not something new, but just to know that it is in high demand and it will bring more participants to the Liquidity Pools from here.

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15 comments
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I still don't get Defi, I understand crypto has changed the efficiency and flexibility within finance. But all these projects staking random tokens... Unless the tokens are backed by real assets I don't think there is much progress.

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Person A wants HIVE, Person B wants LEO.

A swap pool is created where everybody with HIVE and LEO deposits their tokens. The platform gives fees and rewards to participants to incentive more liquidity.

Then Person A and B can exchange tokens.

I think it doesn't need to be backed by real assets but two people wanting to exchange their tokens. Also, fiat is not backed for a real asset, so...

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I agree that is beneficial but everyone is hyping defi up like it will change peoples lives forever. Only once real estate and stocks get tokenized then there will be a big shift.

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That's true, it is still very complex for many people. With the dashboard and simple way to use DeFI should be encouraged.

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Yeah, we have Dashboards all over the DeFi space and need to bring one or replicate it also on Hive. It is important for an investor to know with how many funds it ENTERED the LP and how much will get if it would EXIT at a specific time.

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I agree with this. The TribalDex interface can be a little difficult to navigate and read at times. At lest in my experience. I think this is a really great idea.

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We need it to be enhanced or even to have a separate Dashboard done externally (even on Leo Finance or one of its tools) to have the big picture over the LP participation.

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Something like that one dashboard that looks at you address across BSC, ETH, and Polygon.

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