Managing finances can be a challenge, especially when trying to keep track of diverse assets like crypto, DeFi, and fiat holdings. This is where iYield comes in—a financial tracking tool that consolidates all your assets into a single, easy-to-use platform. In this article, we’ll explore iYield’s features and how to use it to monitor your entire net worth, from digital currencies to real estate, debts, and more.
What is iYield?
iYield is a Melbourne-based company founded by crypto enthusiasts who have been active in the community since 2013. Unlike tools that focus solely on tracking crypto assets, iYield offers a more holistic approach, allowing users to track their debts, income, expenses, and a wide range of assets. This makes it a valuable tool for long-term financial planning, offering users a clear picture of their net worth. It supports over 16,000 assets, including top 40 DeFi protocols, and allows for easy tracking of real estate, loans, salaries, and other financial elements.
Privacy and Security
One of iYield’s standout features is its commitment to user privacy. The platform is free, ad-free, and does not engage in data mining, making it an excellent option for those who prioritize control over their data.
Getting Started with iYield
To start using iYield, head over to iYield.com and sign up using your email, Google account, Discord, or a Web3 wallet. If you prefer, you can also explore the platform without creating an account. Once you’re signed in, you can choose to take a guided tour of the platform’s features or dive in directly.
Adding Assets to Your Portfolio
iYield makes it easy to add a variety of assets to your portfolio. Here’s how you can do it:
- Adding Crypto Assets: Use the “Add New” button to connect a wallet or enter a public crypto address. iYield automatically pulls in all assets associated with the address, making it easy to track balances without needing direct access to the wallets.
- Tracking DeFi Positions: iYield supports more than 40 DeFi protocols, enabling real-time tracking of yields.
- Adding Manual Entries: Users can manually input fiat assets like cash or add assets such as real estate and cars by entering details and creating custom tags. For example, you can input the value of a property, create a “Real Estate” tag, and categorize it under your net worth.
- Managing Debts and Income: To add debts or loans, simply input the amount, interest rate, and relevant tags. You can also manually add recurring income, such as a salary, which is then reflected in your budget overview.
- Linking Web3 Wallets: iYield allows users to connect Web3 wallets like MetaMask enabling direct balance tracking. Users can review and approve permissions before linking their wallets.
- Using Hardware Wallets: For those with hardware wallets, iYield offers a way to track balances using public keys, eliminating the need to access wallets every time you want to see your holdings.
Upgrading to iYield Pro
While the free version of iYield is robust, users with extensive portfolios may find value in upgrading to iYield Pro. This plan supports up to 20,000 items, 200 tags, and access to a private Discord channel for advanced users. The subscription costs $39 annually, payable in crypto, and must be renewed manually each year.
Additional Resources
iYield also offers a “Knowledge Base” with detailed answers to common questions, a search function, and a direct link to their Discord channel for user support. The platform is designed with ease of use in mind, ensuring that users can get the most out of their experience.
Conclusion
iYield is an all-in-one solution for tracking your financial assets, offering a range of features that make it easy to monitor your net worth, from crypto to real estate. Its focus on privacy, combined with a user-friendly interface, makes it a great choice for those looking to streamline their financial tracking. While a mobile app is not yet available, the website’s mobile version works smoothly for on-the-go access.