One thing I found always difficult with DeFi is to track the performance of the LPs participation over time. The math needs to be clear on this in order to see if you are profitable or not and to be able to act accordingly. And two indicators that are needed at any moment in time are Added LP and Redeemable LP. Each of them should present both assets amounts and by doing the difference you can always see the Impermanent Loss and how well (or bad) your participation in the LPs is performing. So how can we find out this for PolyCUB?
Well, luckily for us we can skip tracking everything in Excel and use some applications dedicated for this and one of them is apy.vision. You simply connect your Wallet to it and it automatically retrieves your LPs positions from multiple blockchains. You have an overall view with the free version which I consider enough, but you also can get more insight with a PRO subscription. That is enabled by buying and holding VISION tokens, having multiple tiers to enable more and more features.
Such tools make the investor's life easier as they are able to track their assets and how they are doing in time. For me this is good enough to see how my LP position is modifying each day and complementary to that I am tracking the rewards for the LP which altogether provide the final profitability. I would assume that the app needs to catch up and include the feed of PolyCUB rewards to consider and reflect that as well, but the most important thing is already offered there and that is to know at any point in time in case you want to exit out of the LP how many assets of each type you will be getting back.
I find this pretty easy to use and even the free version holds the required information for me. I wonder what tools you are using for tracking your LP positions in DeFi projects, so let's share that information and let others know about the options out there.
