MUFEX, the decentralized exchange (DEX) founded by industry veterans, is making waves in the DeFi space by providing a trading experience that closely resembles centralized exchanges (CEX) while leveraging the benefits of decentralization. With lightning-fast order processing and a diverse range of order types, MUFEX is rapidly emerging as the go-to platform for CEX users seeking a seamless transition to decentralized trading. MUFEX's professional yet easy-to-use interface sets it apart from other DEX platforms. It introduces innovative features such as…
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Take Control of Your DeFi Investments: Introducing Octav – The Anonymous and Editable Wallet Dashboard
Octav is a free, anonymous, and editable data analytics platform that helps DeFi traders track their decentralized finance investments regardless of skill and experience.
This portfolio tracker boasts a user’s curated database providing users with in-depth information, including cost-basis, profit, loss, and more. However, its top feature is a user-editable dashboard enabling traders to make better-informed investment decisions. Most DeFi trackers, even after several years on the market, still need this essential function.
A high-performance analytics platform rarely lands in DeFi with game-changing features. However, this app has developed rapidly in recent months, gaining more market traction. Therefore, an Octav review was due to explain better how this platform can help new and seasoned traders in decentralized finance. Read on to discover why Octav has almost everything you need from a portfolio tracker!
Octav – Edit Your Way to Profitability!
Octav’s unique dashboard lets you take control of your DeFi Investments with its editing feature, which sets it apart from the rest. But this up-and-coming portfolio tracker is more than just a one-pony-show. It has several other solutions for some of DeFi’s oldest problems.
Despite its limitless economic potential, the decentralized finance ecosystem bears the scars of unsuccessful ventures, scams, half-baked projects, and enormous amounts of money lost in uninspired investments.
Many of these issues boil down to one particular reason – the lack of proper monitoring tools to track DeFi investments. The market is brimming with various performance levels and subscription cost portfolio trackers. However, most struggle with similar shortcomings, including:
- Entanglement of multiple transaction types
- Transaction limitations
- Incorrect cost basis and P&L calculations
- Missing transactions or data due to investment dispersion
- Incorrect transaction type labeling
- Overflowing spam
Traders lament the scarcity of portfolio trackers that would help them better overview the market, and track profit, loss, and one-time-only opportunities. This is also why so many potential investors refrain from entering DeFi. Why bother entering the ring if no one in your corner gives you accurate strategy hints?
Octav is here to change all that and accurately decipher all decentralized finance investment activity. Its user-curated database simplifies DeFi for traders, tax professionals, and liquid asset management firms as a pre-tax facilitator, including cost-basis, Profit & Loss, and more.
The platform takes its inspiration from the open and creative spirit of the crypto ecosystem. To this end, it aims to build a powerful database and provide the industry’s best and most accurate portfolio information.
Octav’s Features and Solutions for Better DeFi Tracking
The Octav app is currently available in the beta version. Nevertheless, it is quickly developing and building on considerable feedback to improve and address the users’ needs when tracking all their crypto investments.
As stated in one of our earlier blog posts, the best crypto portfolio trackers should contain the following features:
Support for Multiple Exchanges and Wallets
Octav enables users to connect their wallets and track their holdings across 7 leading EVM chains. This widespread tracking feature covers at least 94% of the total value locked (TVL) on all EVM networks, over 1,500 protocols, and over 30,000 available tokens.
All DeFi traders want the latest developments in the market with accurate precision. Octav makes this feature easily accessible by providing real-time information on the value of the user’s portfolio, including net worth, profit (or loss), total fees, and more.
Octav displays the distribution of a wallet’s assets among multiple chains. This way, traders can have a simple yet efficient overview of all their holdings, even if they are located on different networks.
A proficient portfolio tracker with an editable dashboard has been at the top of the wishlist for most DeFi trackers for years. That’s because most DeFi tracking platforms often exceed in only one of these two directions, clearly exposing the lack of progress in the other.
Octav allows users to easily validate or edit their transactions to reflect up-to-date information on their wallets. To name a few user editable info: transaction type, protocol name, asset/token label, price, etc. The platform’s user-editable dashboard and user-curated database allow any DeFi trader to finally get an accurate picture of their portfolios and make better investment decisions. Next, they can execute those decisions by interacting directly with most EVM chains and protocols from their dashboards.
A Secure Connection
Security is among the primary concerns of DeFi traders everywhere. Octav is anon-friendly. This means it has no possible doxxing or IP tracking to ensure maximum privacy. Users don’t have to provide personal credentials. The user-editable information is only for their eyes. Simply put, only users can see their own edited metrics and no one else.
When a user stores multiple addresses into a bundle, this information is stored locally only in the user’s browser (local storage). The addresses are not linked together in Octav’s backend and remain independent of each other.
A User-Friendly Interface
Octav’s UI has been designed to be intuitive and easy for tracking and managing DeFi portfolios.
Octav allows DeFi traders to recover all their transactions from when they created their wallets. The platform aggregates and organizes this data into a user-friendly format, allowing traders to access and review their transaction history easily.
Premium users can generate reports based on their blockchain transactions. The report generation is customizable, allowing them to select various addresses or bundles to include and filter by networks, protocols, assets, transaction types, or dates.
They can export these personalized reports in PDF format, perfect for sharing with their accountant or for official reporting purposes. Or, if they prefer, they can export them in CSV format for further manual processing. They can do this for multiple addresses at once, a.k.a. bundles.
DeFi tracking can sometimes be tricky, even for expert traders. Octav’s team is always there to help and provide accessible and responsive customer support for troubleshooting. Users can submit new feature requests on Canny or give feedback by contacting the team on Discord, Twitter, or LinkedIn.
The Crypto Adventure post above details the best features of DeFi portfolio trackers. Octav checks almost all the boxes except two, which the team is currently working on:
Performance tracking – A proficient DeFi tracking platform should provide historical performance data and allow users to see their returns over different periods.
Mobile compatibility – A reliable tracking tool for decentralized finance should have a mobile app for tracking portfolios on the go.
Octav is actively developing to provide optimal solutions. These features should soon be part of its growing arsenal of user-friendly portfolio tracking tools.
Make Sense of Your DeFi Investments with Octav
Behind Octav is an expert team of professionals with substantial experience in crypto, decentralized finance, business, UI/UX design, web3, and cloud technologies. Their philosophy is to empower users with tools to move as fast as the crypto ecosystem, abandoning old thinking and gated databases.
With its ground-breaking features and more to come, Octav is ready to revolutionize DeFi portfolio tracking and become a major player in this field.
The platform is up and running with rewards for first-time members. Subscribe to the Octav app and refer a friend to get access to a 1-year premium subscription and a 75% discount at only $250. Furthermore, you receive an OG Fans Premium status and quick individual support.
Join Octav today to take control of your DeFi investments!
You can learn more about Octav at Website | Twitter | Medium | Discord | LinkedIn.
Disclosure: This is a sponsored post. Crypto Adventure cannot and does not contain financial advice. The information is provided for general informational and educational purposes only and is not a substitute for professional advice. Trading cryptocurrencies is a highly risky activity and can lead to major losses. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. We do not provide any kind of financial advice. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED ON THE SITE IS SOLELY AT YOUR OWN RISK. Learn More