DeFi Aggregator: CoinStats users will soon be able to employ DeFi yield farming techniques

CoinStats, a popular crypto portfolio tool, has raised $3.2 million to become a DeFi aggregator.

The 1.2 million users of the CoinStats portfolio management software will soon be able to use 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 goal of becoming “the main site of DeFi.”

The app currently has 1.2 million active users, all of whom participate in DeFi protocols and can directly transfer funds to earn yield rewards.

They have a total asset value of $500 billion, with at least $20 billion syncing instantly via Exchange APIs.

Users can connect their crypto wallets to the CoinStats app to track the value of their assets and evaluate transactions. By using exchange API keys, users can track exchange-held tokens and potentially trade directly through the CoinStats app.

Additionally, according to CoinStats, the sites are curated as the most profitable and secure DeFi options.

CoinStats Founder and CEO Narek Gevorgyan stated, “With the increased capital, we will accelerate our product development and expansion, and provide our users with greater financial opportunities.”

As a prelude to the move to DeFI aggregation, they launched a CoinStats crypto wallet in 2021. The program can even track cryptocurrency owned by exchanges like Binance Earn. All users’ wallets, exchange accounts and offline portfolios can be accessed in one place.

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Sparks could become a blockchain currency

The app’s users may also have encountered a pop-up stating that they were “zapped by the BigBig Spark”. It sent you to a YouTube video at 9:00am PDT on April 8th. Ever since it went live earlier this week, people have been waiting and speculating about the nature of the event.

During the event, the CoinStats team announced plans to integrate DeFi directly into the platform, as well as exclusive NFTs only available to CoinStats subscribers.

Sparks, which users receive for completing tasks like tracking their social media accounts, transferring dollars to 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 using the tokens to pay for CoinStats memberships.

Steve Anderson is an Australian crypto enthusiast. He has been a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralization and understanding the true potential of blockchain.

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