The management of one's wallet is what is at the basis of the activity of an investor or trader. In the world of cryptocurrencies, it can sometimes be a rather difficult activity due to the countless tokens that can be present in a wallet. Furthermore, in the case of those who operate on several DeFi protocols at the same time or those looking for airdrops, it is common to forget that you have deposited something on a single DApp.

For this reason, a tool that offers statistics, order and even a social part can be very useful in the hands of both the expert investor and the beginner.

It is precisely here that DeBank expresses its potential: it is a wallet tracking tool that allows you to keep the entire financial situation under control. This pioneering hub serves as a nexus, bridging the gaps between the various components of the DeFi ecosystem, thus making it more accessible and navigable for users. Precisely the fact of knowing how to facilitate navigation for users is what makes DeBank unique and important: the less experienced user, in fact, can operate in DeFi only if he can perceive a certain security in doing so. DeBank offers a much cleaner and more intuitive web interface than those provided by block explorer sites, making the user experience simple and suitable even for inexperienced users.

What can be done about DeBank?

DeBank offers many services, let's see them all:

• Tracking of EVM-compatible tokens: given that many blockchains are transparent, it is possible to read the transactions made by a wallet and its balance sheet. This is the main service offered at DeBank and also the most exploited.
• Transaction tracking: the transactions of the connected wallet are grouped in a specific section, so that it is very easy to consult them.
• Tracking NFTs: since these are in fact tokens, they are also grouped by DeBank in a specific section in order to easily keep them under control.
• Social: once logged in, the platform also implements a social network where users can create content. As you acquire followers you can climb the Social Ranking and become more and more popular.
• Messaging: This function is very interesting as it connects multiple people starting from their Wallet. In fact, through the "Hi" function, you can exchange messages within the application.

How and why to be active on DeBank 

Using the social side of DeBank is really simple and intuitive. The community is very large and willing to welcome interesting content. Being active is very important since there is a Social Ranking number that decreases as you become more "famous" within the platform. Furthermore, there are a series of rewards given directly by DeBank to users based on how much their posts generate interactions and views. Here are some useful steps to climb the Social Ranking:

1. Add your wallet: the first step is to connect your wallet and pour in some liquidity (if you don't already have it inside). A few pennies are enough, although the more there is, the easier it will be to appear interesting to follow in the eyes of other users.

2. Adding your personal description can help you understand your interests and goals in the social network. While we're at it, it's a good idea to also add your email and X profile.

3. Mint a Web3-ID: allows you to add your own nickname, making search and interaction between users easier.

4. Download the mobile app and log in, it will be easier to keep track of what happens on a daily basis.

5. Search and follow "Lucasgaio" :)

Once you have completed these simple steps, you are ready to interact with an ever-increasing number of users. Among the various things you can do, including giving "trusts" (which would be likes) to other users or sharing someone else's post, what I recommend is taking part in "Lucky-draws". These are random cash winnings, to participate, once you have found the relevant post, just click on "Join the Draw". Anyone with a Web3-ID can also create their own Lucky Draw by going to "Post" and choosing "Lucky Draw". In this case, simply deposit USDT or USDC on Debank layer 2 and insert filters to participate.

Finally, one thing not to forget are the "Badges" that can be minted from the dedicated menu. It is something similar to a label, but which can only be held by those who have taken certain actions such as winning a specific airdrop, having used more than 1ETH of gas fees or having downloaded the mobile app. Having a Badge is highly coveted on the social network and there is a real competition to see who can collect the most.

Why DeBank is interesting

Beyond all the features it offers, I find this platform notable for three things above all. The first is that it allows you to keep your wallet under control, which is (in my opinion) very useful. The second is that it allows us to follow and take inspiration from owners of wallets larger than ours. In fact, following a Whale is often useful for understanding where it allocates its liquidity and, if it is also active on the social network level, its interests and purposes can also be understood. The third and final reason why I find DeBank interesting is purely speculative in nature and concerns a possible airdrop in the future. In fact, it does not have a token and uses USDT and USDC to reward its users. Many are convinced that it would be simpler to create your own token to distribute to the most active community members and to those who have followed Lucasgaio's Ultimate Guide to DeBank.

Read also: Which will be the Next Solana Airdrop?

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