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CoinStats, a popular crypto portfolio tool, has raised $3.2 million to become a DeFi aggregator.
The CoinStats portfolio management software’s 1.2 million users will soon be able to employ DeFi yield farming techniques directly from the app.
Users now have access to…
Alex Pack’s Hack VC and Mike Dudas’ 6th Man Ventures contributed to the app’s objective of becoming “the main page of DeFi.”
The app currently has 1.2 million active users, all of whom will be able to participate in DeFi protocols and directly transfer monies to get yield rewards.
They have a total asset value of $500 billion, with at least $20 billion immediately synced through Exchange APIs.
Users can connect their crypto wallets to the CoinStats app to track the value of their assets and evaluate transactions. By using API keys from exchanges, users may track exchange-held tokens and potentially trade directly from the CoinStats app.
Furthermore, according to CoinStats, the sites will be curated to be the most profitable and secure DeFi options.
Founder and CEO of CoinStats, Narek Gevorgyan, stated, “With the increased capital, we will speed our product development and expansion, giving greater financial options to our users.”
As a prelude to the move into DeFI aggregation, they introduced a CoinStats crypto wallet in 2021. The program can even keep track of cryptocurrency owned on exchanges like Binance Earn. The wallets, exchange accounts, and offline portfolios of all users can be accessed in one place.
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Sparks could become a blockchain currency
The app’s users may have also spotted a popup stating that they had been “zapped by the BigBig Spark.” It sent you to a YouTube video on April 8th at 9 a.m. PDT. Since it went live earlier this week, people have been waiting and speculating about the nature of the event.
The CoinStats team announced plans to integrate DeFi directly into the platform, as well as exclusive NFTs available only to CoinStats subscribers, during the event.
Sparks, which are rewarded to users for accomplishing tasks such as following their social media accounts, transferring dollars into their wallets, and referring friends, have also been added to the site.
During the video, Narek also mentioned that Sparks could one day become a blockchain currency, with users being able to use the tokens to pay for CoinStats memberships.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
