Hardware wallet developer Ledger has announced a new feature that allows users to track the value of their assets.
Over 1,000 DeFi protocols across 10 blockchains
Ledger has partnered with Merlin, a decentralized finance (DeFi) portfolio tracker. Together they bring live DeFi performance analytics to all Ledger Live users. The app also allows you to connect to Ledger’s cold storage wallets and the app now serves more than 5 million users.
The new DeFi tracker allows users to connect more than 1,000 DeFi protocols across 10 blockchain networks. All users who want it can easily access the performance statistics and profit and loss reports of a protocol of their choice. Other reports will also be made available, such as reports on gas consumption, among other things.
This data should better help investors navigate everything at their disposal. Elie Azzi, the co-founder of Merlin by VALK said the following about this:
It is a challenge for them to collect all their trading data without connecting multiple times to each individual platform, which can expose them to risk.
Restore decentralization with transparency
According to Azzi, the (major) hacks and other scandals of the past year have shown that the crypto space has been compromised by its initial decentralization. As the space picks up again, both users and businesses are looking to restore decentralization with transparency as its building blocks:
There has never been a stronger argument for DeFi and for open, transparent and trustworthy solutions, upon which crypto has always been fundamentally built.
The new feature also allows Merlin investors to claim liquidity provider fees and rewards directly from the interface, without having to leave the platform. Ledger’s vice president of international development, Jean-François Rochet, concluded that all of these new integrations help streamline the user experience.