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Frequently Asked Questions
What is OpenPool?
OpenPool is a wallet dashboard that helps self-custody crypto investors easily monitor and manage token & NFT portfolios. At OpenPool, our mission is to help our customers become better crypto investors (and investors in general!) by diving deeper into wallet data to surface meaningful insights, like Lifetime P&L, Cost Basis, and Gas Fees paid. OpenPool takes wallet analytics to the next level to simplify complex blockchain data and surface the most relevant information about your portfolio in one, clear dashboard.
What blockchain networks are supported on OpenPool?
We support Ethereum, Polygon, Arbitrum, Optimism, Gnosis, BNB, and Avalanche but are working on adding more chains to the platform - stay tuned!
What wallets are supported on OpenPool?
We support Ethereum, Polygon, Arbitrum, and Optimism wallets. Some examples include Metamask, Coinbase Wallet, Rainbow and Ledger Live.
Can I track multiple wallets to OpenPool?
Yes, you can track multiple wallets to OpenPool by adding them to your Portfolio or Watchlist. Adding multiple wallets to your Portfolio allows you to see an aggregated view of your holdings across multiple wallets in the OpenPool dashboard. You can also see Portfolio or Watchlist wallets individually.
What tokens and protocols does OpenPool support?
OpenPool supports ~2,500 Ethereum-based tokens (ERC-20 tokens) with on-chain data, and 900+ tokens with market data (thinly traded tokens with little or no liquidity may not have sufficient market data).
OpenPool currently supports 18 DeFi apps:
- Balancer V1
- Balancer V2
- Bancor V3
- Sushiswap Bentobox
- Sushiswap Kashi
- Uniswap V2
- Uniswap V3
We plan to expand more protocols over the coming months, so check back soon if you don’t see your app listed above!
Does OpenPool support NFTs?
Yes, OpenPool supports NFTs. Check the NFTs page in the OpenPool wallet dashboard for performance analytics, various sorting views, and detailed Asset and Collection information on your NFT holdings. OpenPool sources Floor Prices from Opensea and LooksRare - if your NFT is listed on both marketplaces, then OpenPool will use the lowest Floor Price in your NFT performance calculations.
Does OpenPool have control over my tokens & NFTs?
No. OpenPool is non-custodial, so you never delegate your crypto tokens or NFTs to the OpenPool platform. This means you are in control of your wallet and your crypto assets at all times. Your wallet, your crypto.
If you choose to Swap on the OpenPool platform, then you will be asked to sign a transaction before our swap service provider is granted permission to use tokens in your wallet to execute the swap.
How secure is OpenPool?
We take security seriously at OpenPool. OpenPool is a non-custodial platform, which means you never delegate your crypto tokens or NFTs to OpenPool. In addition, OpenPool will never ask you for your wallet’s private keys. For those who are concerned, we’ve made it possible to use OpenPool without ever connecting your wallet by simply entering your public wallet address. Customer protection and security are our top priority.
Where is my wallet data stored?
OpenPool needs your authorization to access your wallet data. Connecting your wallet gives OpenPool temporary access to your wallet to allow us to create a profile on your behalf so your custom settings (such as Portfolio wallets, Watchlist wallets, News sources, and Spam flags) can be accessed the next time to use OpenPool. You can disconnect and manage your wallets on OpenPool at any time on the “Manage Wallets” page.
How can I personalize my OpenPool dashboard?
OpenPool allows you to track a custom list of Portfolio wallets and Watchlist wallets in the dashboard. Portfolio and Watchlist wallets can be managed by clicking the Profile icon in the top right corner of the dashboard on Web/Desktop, or by clicking My Profile from the Mobile hamburger menu in the top left corner.
Additionally, we understand that every crypto investor has trusted news sources and experts they follow. We allow you to personalize your OpenPool News by adding those trusted Twitter sources so you can see their latest Tweets, right alongside your portfolio. To add custom Twitter feeds of your choice, simply click ‘Manage News‘ from the News page. Search for any Twitter account you wish to add, and click ‘Add’. It’s that easy!
Lastly, we allow you to remove individual NFTs from your Total Floor Price and other portfolio calculations. You can do this in the Asset tab on the NFTs page. You may want to do this to exclude unwanted Spam NFTs, for example.
Why is Developer Activity important?
At OpenPool, we believe there are underlying characteristics of every token that are important to monitor as a sign of the token’s health and growth over time. Developer activity is one such underlying characteristic. We show you Github Stars, Contributors and PRs Closed data to help you determine whether developer activity for a specific token is increasing, decreasing or stable over time. This can help you understand developer interest and growth levels in any particular token you hold. Conversely, lack of developer activity can also be a red flag.
In the future, we plan to surface more “signals” like Developer Activity that we think are helpful to consider when evaluating your portfolio.
Does OpenPool have a mobile app?
We are working on launching an iOS mobile app. For now, our web app can be used on your mobile device’s web browser.
How does OpenPool make money?
To keep the dashboard accessible to all investors, viewing your wallets on OpenPool is currently free. You heard us right - all we ask is you share OpenPool with your friends if you like our dashboard.
There is a nominal service fee charged to make Swaps on the OpenPool dashboard. This service fee helps us make these services available to customers.
Where can I learn more about crypto and DeFI?
At OpenPool, our mission is to help customers like you become better, more informed investors. That’s why we’ve created OpenPool Explorer, an Education Center where you can learn more about all things crypto. As they say, knowledge is power.