DeBank (founded 2019) is an all-in-one wallet solution which provides all necessary DeFi services like tracking DeFi portfolios, analytics for Decentralized lending protocols, Stablecoins, margin trading platforms and Decentralized Exchanges (DEX), Token Swapping all at one place.^[1]

DeBank was founded by Chinese software engineer Hongbo Tang and his partner Xu Yong. The company is situated in Shanghai, China and currently has around 11-50 employees, including CTO Guo Haochuan and COO Wang Chen.^[2]

The idea behind the project started in 2019, when DeBank team realized that traditional Ethereum wallets are not enough to deal with growing DeFi ecosystem and the world needs separate wallets to keep a track of decentralized assets and services. The team planned to solve this by developing two wallets one centralized and the other decentralized. They focused merely on meeting users’ needs of tracking and managing their DeFi assets first, regardless of type.Their plan ended up eventually making a hybrid wallet solution known as DeBank.^[3][4]

Debank is one stop solution for the DeFI wallet, which every user needs.

It is a next-generation DeFi wallet in the Ethereum ecosystem.

It is a free data driven Defi Service and it provides very useful data analytics which let users keep a check on their assets in one place.

It helps users to manage a portfolio by not only tracking their owned Ethereum and ERC20 Tokens but also checking how their assets are performing on different Defi Projects including Dexes like dYdX and lending platforms like Aave, Compound and others. It also provides services to explore DeFi projects, compare DeFi rates to discover DeFi investment opportunities through detailed real-time on-chain data.^[4]

The key data driven services De Bank provides are: ^[3][4]

DeBank dashboard is extremely informative and summarizes all the necessary information like Asset Portfolio (Including Net Worth, Total Assets, Debts), DeFi Interest Rates, Total Value Locked (TVL) with top 3 leading protects in DeFi ecosystem and also a unique feature like 'Project of the Week' which covers interesting and growing projects in DeFi.

It shows necessary details like Net worth, Total value of assets with estimated daily earning and also totals debts with Est.

Daily Intr.

Accrued.

Further, it is divided into the sections: wallet and DeFi projects.

Wallet lists all digital assets currently owned with their values according to current prices.

The DeFi project section shows assets which are currently in use on decentralized exchanges, lending-borrowing Decentralized application (DApps) like Compound, Liquidity Providers like Uniswap, Kyber Network and other unique DeFi projects like TokenSets, Opyn in DeFi Ecosystem.

The Particular Exchange section shows your current balance in its wallet as well as a list of supplied and borrowed assets.

It also shows positions taken by the trader on that particular exchange.

Currently it covers leveraged positions on dYdX, DDEX and NUO decentralized exchanges.

Lending and borrowing Dapps show Lent Assets with Supplied amount, Net APY and percentage Share, Borrowed list shows borrowed amount, Collateral Rate and also Liquidation price. Other DApps like Security DApp Opyn shows insured token with their Positions, Premium and also expiry.

It not only provides comparison of interest rates provided on Stablecoins, but also compares Interest rates of other ERC20 tokens provided on different DeFi Apps which includes DeFi lending platforms and decentralized exchanges as well. User can also check supplied and borrowed amount with the interest rate on each DApp. Currently it supports ETH, Stablecoins Dai, USDT, TUSD, USDC, SAI, BUSD, and ERC20 Tokens LEND, BAT, LINK, WBTC, REP, ZRX, REN , KNC, MANA, Enjin, MKR, SNX and HBTC.^[5]

DeBank also lists top projects in the DeFi Ecosystem.

It provides vital information about every project on a single page and users can also have a closer look by breakdown of the projects according to their types and further according to sub types.

e.g Exchanges can sub grouped into Spot, Margin, Derivatives etc. Tokens can divided into Fiat Backed Stablecoins, Gold pegged Tokens and BTC backed Tokens etc. User can also find detailed info about the project and its Smart contract by clicking on project name and going to the page details page.^{[6] [8]}

This helps user to follow trends in DeFi Markets.

The page shows Total Value Locked (TVL calculated in USD) of all ETH and other ERC-20 tokens locked in the corresponding Smart contracts of different DeFi platforms. It also provided ranking of these projects subdivided into their types. i.e Decentralized exchanges, Lending, Margin Trading, Stablecoins, MarketCap, and also BTC pegged coins. It helps user to find out where the money is flowing and he can take a decision accordingly.^[7]

Token Swapping is not yet implemented by DeBank but it will provide an easy way to exchange Ethereum and ERC20 tokens with ease.

The User just needs to input any ETH address or.eth domain (ENS supported) in the "Portfolio" panel then it will retrieve all data and present DeFi portfolio back within a flash.

At the same time, the user can also check on "DeFi Interest Rates", "DeFi List", "DeFi Ranking" for TVL, DEX, stablecoin, lending, and margin trading markets from various DeFi projects.

For Token Swapping user will need to connect the wallet using Metamask or other Web3 Wallets.^[11]

DeBank have top Defi projects as their 'Ecosystem Partner' which includes 1inch.exchange, dex.blue, Aave (LEND), DeFi Pulse, Curve, Idle, Trust Wallet, ParaSwap, Math Wallet, imToken, Meet.one, TokenPocket, Opium, Zapper, MCDEX, Leverj, Mykey, USDK, HUSD, pBTC and many more.^[9][10]