Rainbow has revamped its positions feature to more richly display your participating DeFi Positions! In this guide, we'll go over what positions are and some maybe common issues you may run into while viewing those in Rainbow.
An Overview:
DeFi (Decentralized Finance) Positions refer to different activities individuals engage in within decentralized finance protocols. These can include actions like lending or borrowing tokens, participating in liquidity pools on exchanges, or staking tokens in smart contracts.
Positions are a way for you to interact with decentralized financial systems and explore features offered by different entities. Each position involves specific mechanisms and associated risks that depend on the protocol being used.
In Rainbow, you can now easily view your various positions directly in-app!
Common Issues:
Outdated Positions or Incorrect Information:
To resolve this, please connect with our support team at [email protected] with your wallet address and a screenshot of the position details that you’re seeing on your end, and we’ll be happy to help further!