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 (Algorand). 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).
Algorand transactions can be imported automatically into your Blockpit Wallet Integration via public key.
The following Algorand based transactions are automatically imported:
General
All native transactions (Deposits, Withdrawals, Trades, etc.)
All synced balances
DeFi Trading
Liquidity Providing (incl. Zap-In)
Swaps (Trades)
Swaps are the exchange (trade) of one crypto asset for another. Swaps are processed via decentralized exchanges (DEX).
The following dApps are supported:
Algofi
Tinyman
Pact
+ many more DEXs
Why is my swap recognized as unlabeled Deposit and Withdrawal?
NFTs
Inflows and outflows of Non Fungible Tokens (NFTs) are automatically imported into your Algorand integrations in the form of unlabeled Deposit, unlabeled Withdrawal or Trade transactions.
Your NFT assets will be created completely dynamically through your Public Key.
The following NFT Transactions and dApps are supported:
Mints
Claims
Transfers
Trades
Liquidity Providing/Mining
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.
The following dApps are supported:
Algofi
Tinyman
Pact
+ many more dApps
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".
Troubleshooting:
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 AlgoExplorer via ticket.
How does the asset balance calculation differ between Automatic- and Manual Integrations?
Why is the value of some assets not displayed in the dashboard?