Check out the Token Sets protocol below: TokenSet trading sets displayed in SafeKeepĪnd Balancer pools: Balancer pools displayed in SafeKeep This applies to every DeFi protocol, not just Uniswap. Here is an example with Uniswap trading pairs below: Uniswap trading pairs displayed in SafeKeep However, because SafeKeep uses Covalent’s powerful on-chain data infrastructure, any new trading pairs will automatically be reflected in your SafeKeep account. Unfortunately, most crypto wallets simply have a whitelist of tokens that they support, with new ones needing to be manually inputted or voted in by the community.
ERC 20 TOKENS LIST UPDATE
This means that whichever wallet app the DeFi investor is using must be able to automatically update to reflect the new Uniswap trading pair that they are investing in. What does this mean for the DeFi investor? Well, every time a new exchange is created on Uniswap, a corresponding ETH-ERC20 trading pair is created with it. Why This Matters for the Sophisticated DeFi Investor This pattern of generating IOU tokens is standard in the world of Ethereum and you can see how quickly having a simple whitelist of ERC20 tokens becomes unmanageable. The possible number of IOU tokens that can be generated is left as an exercise for the reader. The Balancer pool is also an IOU token, which again is a regular ERC20 token. With the Balancer protocol, users are able to create a Balancer pool with up to 8 assets instead of just 2 with Uniswap. But it doesn’t stop there – you can create a brand new exchange with the IOU token generated from another Uniswap exchange – simply because it’s another ERC20 token. So with 200,000 tokens today, there can be 20 billion possible exchanges (and their associated ERC20 tokens). Uniswap trading pairs, where n is the number of ERC20 tokens. In the case of Uniswap, it’s always a token pair for each exchange. These protocols generate their own ERC20 “IOU” token to keep track of your position in the pool for accounting reasons. Permisionless asset generation with Uniswap, Balancer and TokensetsĭeFi protocols such as Tokensets, Uniswap, and Balancer are permissionless and therefore anyone can create a brand new Tokenset or Uniswap/Balancer pool.
ERC 20 TOKENS LIST FULL
SafeKeep has a full display of ALL your ERC20 tokens Sometimes, it’s not possible to get a price for an ERC20 token because they are not listed on any exchanges and so we hide the “Dust” tokens by default. We categorize them as Stablecoins, Cryptocurrency tokens and Dust. Scroll down to the bottom of this post to read the technical explanation of why this is the case. SafeKeep is the only crypto portfolio tracking app that is able to display all of these to the end user. There are 63 ERC20-based assets within this account. The only way to track all of these assets is by indexing the entire blockchain, which is what the underlying Covalent technology behind SafeKeep does. But there are over 200,000 ERC20 contracts today on the Ethereum blockchain and the pace of growth of new ERC20 tokens is accelerating.
Right now, every major portfolio tracker has a whitelist of assets to track. How can one possibly keep track of all the assets that they are currently holding, and potential future ones as well? SafeKeep allows a full display of all of your ERC20 tokens. This creates a visibility problem for modern crypto investors, especially the sophisticated DeFi investor trying out new protocols such as Uniswap.
The permissionless and composable nature of blockchains allows an almost infinite number of combinations. There were only a dozen or so crypto assets and for crypto’s early-adopters it was relatively easy to keep track of all the ones they had in their portfolio.Īs time went on, Ethereum paved the way for a Cambrian explosion of cryptocurrencies for all different sorts of functionalities. In the early days of crypto, times were simpler. Countdown #5: Complete List of ALL Your Tokens and their Balances This includes Uniswap trading pairs, TokenSet trading sets, Balancer pools and more. TLDR SafeKeep is the only DeFi portfolio tracker that displays all of your DeFi assets in one place.
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