Essential Risk Management Tools
DeFi offers unprecedented opportunities, but with greater control comes greater responsibility. A robust ecosystem of tools has emerged to help manage DeFi risks.
Position Monitoring
- DeBank: Multi-chain portfolio tracking
- Zapper: DeFi dashboard with alerts
- Zerion: Clean interface, mobile app
Liquidation Protection
- DeFi Saver: Automated CDP management
- Instadapp: Smart DeFi accounts
Key Takeaways
- Use portfolio trackers to monitor positions across chains
- Set up liquidation protection for lending positions
- Regularly review and revoke token approvals
- Use transaction simulation tools before signing