Detailed Instructions

First, navigate to a reputable DeFi dashboard like DeBank, Zapper, or Ape Board. On the homepage, locate and click the 'Connect Wallet' button. A modal will appear prompting you to select your wallet provider, such as MetaMask, WalletConnect, or Coinbase Wallet. After selecting, approve the connection request directly in your wallet extension or mobile app. This grants the dashboard read-only access to your public address data; it cannot move your funds. Once connected, the dashboard will automatically scan the blockchain and begin populating with your holdings.

• Sub-step 1: Choose a Dashboard: Select a platform that supports the chains you use (e.g., Ethereum, Polygon, Arbitrum).
• Sub-step 2: Initiate Connection: Click 'Connect Wallet' and carefully review the permissions requested.
• Sub-step 3: Verify Connection: Confirm your wallet's address is now displayed in the dashboard's interface.

Tip: For enhanced privacy, consider using a wallet that allows creating a separate 'view-only' address for dashboard connections.

Detailed Instructions

After connection, the dashboard's backend indexer will query the blockchain for transactions and events associated with your address. It identifies interactions with known DeFi protocols like Uniswap V3, Aave, or Curve. Your liquidity provider (LP) tokens and staked positions are automatically grouped. For example, if you provided liquidity to the USDC/ETH pool on Uniswap V3, the dashboard will show the pool details, your share, and the associated NFT representing your position. It's crucial to verify all positions are detected correctly, especially if you use newer or less common protocols.

• Sub-step 1: Automatic Detection: Wait for the scan to complete. This may take a few moments.
• Sub-step 2: Manual Addition (if needed): If a position is missing, use the 'Add Custom Contract' feature. You'll need the pool's contract address, e.g., 0x8ad599c3A0ff1De082011EFDDc58f1908eb6e6D8 for USDC/ETH on Uniswap V3.
• Sub-step 3: Categorization: Check that the dashboard correctly labels each position's type (e.g., 'Liquidity Pool', 'Lending', 'Staking').

Tip: Bookmark or favorite your major positions within the dashboard for quick access during daily checks.

Detailed Instructions

This is where the dashboard transforms raw data into actionable insights. For each farming position, focus on several key metrics. The Annual Percentage Yield (APY) shows your estimated returns, but distinguish between base rewards and extra liquidity mining incentives. Monitor your impermanent loss relative to simply holding the assets, especially in volatile pairs. Check the Total Value Locked (TVL) in the pool as a health indicator. For lending positions, review your collateralization ratio and health factor. Dashboards often calculate your aggregate Net Worth across all chains and positions.

• Sub-step 1: Review APY/APR: Understand the breakdown (e.g., 5% trading fees + 10% token rewards).
• Sub-step 2: Assess Risk Metrics: For a lending position on Aave, ensure your health factor stays well above 1.0 to avoid liquidation.
• Sub-step 3: Track Historical Performance: Use the dashboard's charts to see how your portfolio value and individual yields have trended over time.

Tip: Set up custom alerts within the dashboard, if available, for when APY drops below a threshold or your health factor falls under 1.5.

Detailed Instructions

The final step is moving from monitoring to execution. A good dashboard provides embedded transaction capabilities. If you identify an underperforming pool, you can often initiate an exit or harvest directly from the interface. For example, to claim rewards from a Curve gauge, the dashboard might generate a transaction for you to sign. You can also compare yields across protocols to rebalance your capital. To compound earnings, use the dashboard to locate the optimal auto-compounding vault (e.g., on Beefy Finance) for your LP tokens.

• Sub-step 1: Harvest Rewards: Click 'Claim' on a staking position. Review the gas fee estimate before signing the transaction in your wallet pop-up.
• Sub-step 2: Reallocate Funds: If the APY on your SushiSwap pool has dropped, use the dashboard's 'Zap' feature to migrate to a higher-yielding pool on Balancer in a single transaction.
• Sub-step 3: Risk Management: If the dashboard shows rising volatility, you might adjust your Uniswap V3 position's price range by calling the collect and then mint functions via the dashboard's helper.

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// Example: A simplified view of a harvest transaction call
const tx = await stakingContract.harvest({
  from: userAddress
});

Tip: Always perform a test transaction with a small amount first when using a new dashboard's integrated swap or zap feature.

Detailed Instructions

Begin by navigating to the official dashboard of the protocol where your assets are deposited, such as Aave, Compound, or a multichain aggregator like DeFiLlama. Ensure you are connected with your Web3 wallet (e.g., MetaMask) to the correct network. The dashboard's main view will typically show an overview of your supplied and borrowed assets, your health factor or collateral ratio, and your current APY/APR. Familiarize yourself with the layout, identifying sections for risk parameters, asset details, and transaction history.

• Sub-step 1: Connect your wallet to the dashboard's website and verify the network (e.g., Ethereum Mainnet, Arbitrum).
• Sub-step 2: Locate the main portfolio or 'Dashboard' tab to see a summary of all your positions.
• Sub-step 3: Identify key summary metrics displayed, often prominently, such as Total Value Locked (TVL) for the protocol and your Net Worth.

Tip: Bookmark the official dashboard URL to avoid phishing sites. Always double-check the site's SSL certificate and domain name.

Detailed Instructions

The Health Factor (HF) is the most crucial risk metric for borrowed positions. It represents the ratio of your collateral's value to your borrowed value, adjusted by liquidation thresholds. A health factor below 1.0 puts your position at risk of liquidation. On Aave, for example, you might see Health Factor: 1.85. This means your collateral is worth 185% of your loan value. Monitor this number daily. A sharp drop in the price of your collateral assets or a rise in your borrowed assets' value can rapidly decrease the HF.

• Sub-step 1: Find your Health Factor on the dashboard. It's often a large, color-coded number (green for safe, red for risky).
• Sub-step 2: Understand the liquidation threshold for each collateral asset. In your position details, you might see ETH: Liquidation Threshold 82.5%.
• Sub-step 3: Calculate the minimum HF before liquidation. For a simple position, if you have 1 ETH as collateral ($2000) and a liquidation threshold of 80%, your borrow limit is $1600. If you borrow $1000, your HF is ($2000 * 0.80) / $1000 = 1.6.

Tip: Set up alerts (using services like DeBank or Telegram bots) to notify you if your HF falls below a safe threshold, such as 1.5.

Detailed Instructions

Beyond the health factor, each asset has inherent risks defined by the protocol. Access the 'Markets' or 'Reserves' section of the dashboard. Here, you'll find metrics like Loan-to-Value (LTV) ratio, Reserve Factor, and Utilization Rate. A high Utilization Rate (e.g., >90%) for a borrowable asset indicates high demand and can lead to skyrocketing borrow APRs and potential liquidity crunches. For stablecoin pools, check the peg stability of the assets involved (e.g., checking if USDC is trading at $1.00).

• Sub-step 1: Click into the detail page for each asset you have supplied or borrowed. Note the Maximum LTV (e.g., 75% for WETH) and the Liquidation Penalty (e.g., 5%).
• Sub-step 2: Monitor the Utilization Rate. You can often see this in a graph. High utilization increases borrow costs and illiquidity risk.
• Sub-step 3: For LP token farms, use the dashboard to check the pool composition and impermanent loss estimates relative to your deposit date.

Tip: Prefer supplying assets with higher LTV and lower volatility as collateral, and be wary of farming with exotic or newly listed tokens that may have aggressive risk parameters.

Detailed Instructions

Your dashboard shows projected yields, but you must calculate net APY by subtracting costs. The displayed APY often includes both liquidity provider fees and token incentives. However, you must account for gas fees incurred from compounding or rebalancing, and the potential dilution from inflationary reward tokens. Use the dashboard's analytics to see your historical yield over the past week or month. Also, monitor the protocol's fee structure; for example, some protocols charge a 10% performance fee on harvested rewards.

• Sub-step 1: Check the breakdown of your APY. Look for labels like 'Base APY' (from trading fees) and 'Reward APY' (from token emissions).
• Sub-step 2: Review recent transactions. Estimate your average weekly gas cost for claiming and reinvesting rewards. On Ethereum, this could be 0.01 ETH per week.
• Sub-step 3: Use on-chain analytics. You can query approximate fees for a contract interaction using a block explorer. For a common function like harvest() on a popular vault, you might check: ```code // Example gas estimate for a harvest transaction const gasEstimate = await contract.estimateGas.harvest(); console.log(Estimated gas units: ${gasEstimate});

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> **Tip:** For smaller positions, high gas fees can completely erode yields. Consider using Layer 2 networks or batching transactions to optimize costs.