In their newest update, the Rotki team announced the integration of Uniswap into their portfolio platform. Users can now track all of their balances within the exchange’s liquidity pools. The news was announced by founder Lefteris Karapetsas in a Twitter post on November 21.
Rotki is an open-source portfolio tracking, analytics, and crypto accounting app that adds privacy into the mix. Based in Germany, the app is worked on by a group of developers who seek to create an all-in-one app for crypto investors. The team released numerous new updates in the last couple of months and has now launched Rotki V1.9.
According to the team, they have worked on this ‘big feature release’ for 21 days since originally launching Rotki V1.8.3. The update contains 159 new changes, added by a total of 7 different contributors. While a majority of these changes include bug fixes, we note that the new release contains four big changes.
First, users now have access to a graph visualizing their net worth on the dashboard. Secondly, the team added liabilities in the dashboard view. Thirdly, users can now view Uniswap LP balances, pool exits and join, LP profit/loss, as well as trades. Last but not least, Rotki added support for ETH 2.0 staking once the beacon chain is fully launched.
All in all, these four upgrades represent a massive change for users. Adding support for both Uniswap and ETH 2.0 may be the most welcomed update so far. In fact, Rotki is one of the few portfolio apps to enable users to view their Uniswap statistics.
In a separate tweet from the King of DeFi, Uniswap greeted the update, calling it a beautiful integration of Uniswap analytics.
What does the Uniswap integration look like on Rotki?
By adding support for Uniswap, Rotki enables all users to view Uniswap LP balances within the DeFi Liquidity Pool section. Each LP token showcases the underlying tokens and their current balances. The team notes that querying balances for free users may be slower as a result of the limitation of free nodes. To fix this problem, Rotki urges members to upgrade to premium or to host their own node.
Moreover, it is possible to see all events pertaining to token burns and minting. Each event details the LP, the token which was burned or minted, the number of tokens, date, and transaction hash.
Will Uniswap regain its lost liquidity?
As Defiye previously reported, the leading decentralized exchange recently lost its leading place in DeFi. On November 17, the DEX finally ended its enticing yield farming program which unlocked $1 billion worth of ETH. Other protocols used this event as a chance to ‘steal’ Uniswap’s liquidity, announcing similar LP initiatives.
As a result, a majority of Uniswap’s liquidity left the exchange and migrated to other platforms. Being the first one to announce a new yield farming initiative, Sushiswap increased its liquidity by more than 50%.
On the other hand, Uniswap greatly suffered and lost its position as the first leading DeFi protocol. Based on market data provided by DeFi Pulse, the decentralized exchange lost half of its liquidity. On November 14, Uniswap hosted $3.06 billion in collateral. Six days later, the total value locked (TVL) metric dropped to $1.27 billion. Nevertheless, Uniswap has since bounced and may be on the road to recovery.