What is DeBank?

DeBank is a versatile DeFi dashboard designed to streamline asset management within the decentralized finance sector. This comprehensive platform is a favorite among DeFi users for its ability to streamline asset management across multiple blockchains and protocols. DeFi is designed to use cryptocurrency in its ecosystem, and while Bitcoin (BTC) remains the most prominent cryptocurrency, it's not the only player. DeBank empowers users to navigate this evolving landscape by focusing on managing assets specifically within the DeFi space. This allows users to track performance and make informed decisions about their DeFi holdings, even as the broader cryptocurrency market, including bitcoin price, experiences fluctuations. The Real User based on Web3 Community, DeBank allows users to monitor their DeFi portfolios, access data and analytics across various decentralized lending protocols, stablecoins, margin trading platforms, and decentralized exchanges (DEXes). Developers can further enhance their applications by integrating DeBank's API endpoints, which provide essential information about users, chains, protocols, and tokens.

At its core, DeBank simplifies DeFi asset management through several key features. The portfolio tracker empowers users to analyze investments and monitor portfolio growth effortlessly, accessible both via its website and mobile app. Additionally, users can explore any wallet and view its activity directly on the DeBank website, offering transparency and insights into transaction histories.

DeBank extends beyond traditional DeFi functionalities by embracing SocialFi with its innovative Web3 Messenger. This feature facilitates seamless user communication and content sharing within the decentralized ecosystem, enhancing community engagement and interaction.

Rabby, DeBank's crypto wallet, serves as a robust alternative to popular wallets like MetaMask or Trust Wallet. This wallet integrates smoothly with DeBank's broader suite of tools, offering users a seamless experience for managing and interacting with their digital assets.

 

DeBank Fundraising Info

DeBank raised $25 million in its Series A funding round on December 28, 2021, with the lead support of HongShan (ex-Sequoia China), accompanied by Coinbase Ventures, DragonFly Capital, and Circle as its Tier 1 investors. DeBank set a record by acquiring more financial support from Crypto.com Capital and Youbi Capital in Tier 3 of its Series A funding. Tier 4 investors include Hash Global and Ledger Capital. Additional financial information on DeBank tells us about its current valuation of $200 million. On that note, its total funding to date is unknown, as the startup previously raised two rounds of undisclosed funds.

 

DeBank Airdrop

How to Earn a Potential DeBank Airdrop?

To maximize your chances of qualifying for a future DeBank airdrop, start by accumulating as many XPs as possible through the following steps:
debank airdrop.png

 

Step 1: Visit the DeBank XP Page
Go to the DeBank XP page and select “Visit the DeBank page” to access your account dashboard.
Step 2: Login and Connect Your Wallet
Click on “Login” to connect your wallet to DeBank. Initial XPs will be assigned based on your on-chain assets, Credit, and Web3 Social Ranking.
Step 3: Complete Quests to Earn More XPs
Participate in available “Quests” on DeBank to earn additional XPs. These quests may include tasks like interacting with certain DeFi protocols, connecting with the Web3 community, or performing specific on-chain actions.
Step 4: Refer Friends for Extra XPs
You’ll earn 50 XP for every friend you refer who joins and connects their wallet on DeBank. This is an easy way to build your XP balance, enhancing your profile and future eligibility for rewards.
Step 5: Mint Your Web3 ID and Eligible Badges
Head over to the “Badges” section to mint any badges you’re eligible to claim, and create a Web3 ID for your profile. This strengthens your identity within DeBank and helps prevent Sybil attacks, which could improve your chances of airdrop eligibility.
Step 6: Use Rabby Wallet and Mint Genesis NFT
Install the Rabby wallet and navigate to “Ecology.” Bridge ETH from Mainnet to the DBK chain, then mint the Genesis NFT. This additional action may offer further rewards and increase your involvement with DeBank’s ecosystem.

Conclusion

By actively participating in DeBank’s XP campaign, minting your Web3 ID, and completing quests, you can build a strong XP profile that may qualify for future token airdrops. Engaging in the DeBank ecosystem, referring friends, and leveraging the Rabby wallet feature are all key steps in maximizing your potential rewards. With DeBank’s growing role in the DeFi and Web3 social landscape, now is an excellent time to establish your presence and gather as many XPs as possible.