January/March 2022 Digest

6 min readApr 4, 2022

Three months have passed since the launch of DeFiHelper. During this time, we have completed our Pre-Seed Round, and have made significant strides in development. Now it is time to tell you about recent and upcoming updates.

First Investments

In late February 2022, our team finished raising $500,000 in our Pre-seed investment round from a group of American and Asian venture investors with Big Brain Holdings as the lead investor.

In the coming weeks, we plan to start the Seed round. Many investors were not ready to invest at the Pre-Seed stage, but have expressed their desire to participate in the next round.

First Partnerships

In February, we concluded our first partnership. Our partner is the decentralized Huckleberry exchange operating on the Moonriver blockchain. Users of Huckleberry have been able to track their tokens through DeFiHelper, create automations and maximise profits and minimise effort thanks to our auto-staking algorithm.

As DeFiHelper enters its growth phase, we are working to expand our network of partners. Agreements have been reached with several major protocols. We will announce these partnerships in the near future.

First Video Release

We launched a YouTube channel in March and published the first video:

Video tutorials on how to use DFH will be posted on the channel soon, so don’t forget to subscribe.

Product Updates

During January and February, we have been working on refining and expanding the capabilities of DFH. In the last few weeks, we have added the following functionality to the app:

Added 400 protocols. Our priority now is to add as many protocols as possible and as fast as possible. Only statistics tracking is available for most protocols, and fully-fledged automation and auto-staking are enabled for several protocols. If you want us to enable automation and auto-staking for a specific protocol, write to us in our social network channels or create a request in the Roadmap section and our developers will take up the task as a priority.

Purchase of protocol liquidity pool tokens from the DFH app. The main idea of DFH is to provide you with a holistic interface and eliminate the need to analyze the websites of various protocols. Part of that functionality includes relieving you of the need to redirect to protocol websites to purchase LP tokens. We have developed a Zap-like function that allows you to purchase tokens and transfer them to a liquidity pool from a stablecoin or a native token. You can purchase LP tokens for all fully connected contracts using our application. Each operation entails a $1 commission.

Real APR. Many DeFi protocols offer returns in tens, hundreds and even thousands of percent are offered. High yields have an intoxicating effect on people. However, these numbers are misleading. Most of the protocols are cunning with their mathematics and do not show real profitability figures. For example, you are offered a yield of 4,000% APY, but at the same time, the reward token and half of your contribution lose 20% per day. As a solution, we developed an algorithm that evaluates the dynamics of token values and reveals potential income if users had invested in the contract seven days ago. You can now see the real APR, both negative and positive, for each contract in each protocol.

Contract metric. A new condition has been added to the Automation Designer — the Contract Metric. You can now set the size of TVL as a condition based daily / weekly / monthly / annual APR. What kinds of automation can be created with this condition, you may ask? For example, if the annual APR of a staking contract falls below a certain level, DFH sends a notification and you can shift the funds to another, more profitable contract.

Integration with centralized exchanges. You can now track your portfolios not only in staking contracts and wallets but also on centralized exchanges. Support for Binance was already available in DFH. We have now added integration capacities for nine more exchanges: Huobi, OKEx, AscendEX, MEXC, AAX, Bitmart, Coinex, Poloniex, FTX. The list of exchanges will be expanded in the near future.

With DFH, you can now track all your crypto assets — tokens in non-custodial wallets, stakes in liquidity pools, and balances on CEXes — in one single dashboard.

What’s Coming Up In The Near Future

Our developers are working on a major update that will transform DeFiHelper from a portfolio tracker into a full-fledged portfolio manager. What will it look like?

Analysis of protocols and tokens. We are developing a risk model that will regularly analyze all connected protocols and tokens according to a variety of parameters: average cost at the ICO/IDO/IEO stage, price dynamics, the presence of investments from the largest funds, frequency of changes in the program code of the project, audience scores, and more. Based on the results of the analysis, the algorithm will assign a certain rating to each token, namely — low, medium, or high risk. Based on the rating and by relying on its own risk model, the algorithm will individually select how much and in which protocols to invest.

User analysis. At first login into the personal account, DFH will analyze the user’s current portfolio and transaction history (profitability, risk, balance). Next, DFH will ask several questions to find out the client’s socio-demographic profile, as well as their goals, expectations, and preferences. Based on the collected data, the service will form a client profile — risk-averse, risk-prone, stablecoin lover, DeFi farmer, etc.

Investment recommendations. After defining the user profile, DFH will propose an individual investment strategy. For example, invest 40% in Curve, another 40% in Yearn, and the remaining 20% in new farms. As income accumulates or rates change, the system proposes portfolio rebalancing options. For example, investing income in a new protocol or, if there is an appetite for risk, investing in more risky protocols with high returns.

Our team has already solved such a problem for a large CeFi broker. Now it is time to translate this experience to the world of cryptocurrencies.

We are also working on automating trailing stop loss and trailing take profit in partnership with a major DeFi protocol. But more on that later, for now, look at the basic principle of the algorithm: