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 (Kusama). 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).
Kusama transactions can be imported automatically into your Blockpit Wallet Integration via public key.
The following Kusama based transactions are automatically imported:
All native transactions (incl. Transfers, Staking, etc.)
All synced balances
All kind of Extrinsics
Cross Chain Transfers of KSM
Swaps are the exchange (trade) of one crypto asset for another. Swaps are processed via decentralized exchanges (DEX).
Why is my swap recognized as unlabeled Deposit and Withdrawal?
Staking, Lending, 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".
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 Kusama Scan via ticket.
How does the asset balance calculation differ between Automatic- and Manual Integrations?
Why is my asset displayed as „Unknown“ in the asset balance?