DeFi stands for Decentralized Finance and enables the transfer or trading of crypto assets within one or more decentralized networks (blockchains). The requirement for this is the smart contract capability of the corresponding blockchain (DeFiChain). Often, your crypto assets do not even have to leave your private crypto wallet. It is enough to sign a smart contract between you and the decentralized application (dApp).
DeFiChain transactions can be imported automatically into your Blockpit Wallet Integration via public key.
- Blockpit is Cake DeFi and DeFiChain Partner.
- Blockpit fetches price data directly from the DeFiChain for all assets and LP-Tokens.
The following DeFiChain based transactions are automatically imported:
All native transaction types (Deposits, Withdrawals, Trades, etc.)
All synced balances
Master Nodes (incl. Freezers)
DeFiChain wallet mobile app
DFX wallet mobile app
The DeFiChain Node (Desktop Wallet) is partially supported. Due to the software architecture, there may be some cases of incomplete transaction imports.
Swaps are the exchange (trade) of one crypto asset for another. Swaps are processed via decentralized exchanges (DEX).
Why is my swap recognised as unlabeled Deposit and Withdrawal?
The providing of crypto assets in so-called liquidity pools is represented in the form of several swaps or trade transactions. The crypto assets provided are exchanged in equal parts for a so-called LP token. This LP token then represents your share in the corresponding liquidity pool. As soon as you leave the pool again, it is swapped back.
Rewards (aggregated 1-3 times per day)
Commissions (aggregated 1-3 times per day)
Why is my LP transaction imported as unlabeled Deposit and Withdrawal?
Staking, Airdrop & Bounty Rewards
If rewards are getting imported as unlabeled Deposit, you can relabel these transactions to the appropriate transaction label (Staking, Lending, Airdrop or Bounty) as shown in the image below.
Tip: Free NFT mints can be relabeled as Airdrops. You can identify them by the transaction note "Fallback_Claim".
Use the Bulk Editing Feature for relabeling of multiple transactions.
My transactions are imported incorrectly!
- Create your integration a second time under a different name and check if your transactions are now imported correctly.
- If your transactions are imported under an incorrect transaction label, you can edit them manually. Alternatively, please send us your public wallet address (public key) as well as the corresponding transaction hash from DeFi Scan via ticket.
For integrations with many transactions, the import is done in several batches. We ask for your patience if transactions are missing at first.
How does the asset balance calculation differ between Automatic and Manual Integrations?
Why is my asset displayed as „Unknown“ in the asset balance?