Since launching in December 2020, MetaMask Institutional (MMI) has offered unrivaled DeFi access, integrated digital asset custody solutions, and unmatched pre- and post-trade compliance capabilities to cryptofunds, market makers, and trading desks. These offerings provide organizations with the institutional controls they need to be able to securely engage in DeFi and Web3.
Over the last year, MMI integrated with three custodians and custody technology providers, developed a standardized custodian integration process and premium experience, and released multichain access for custodial accounts. These new partnerships give organizations a wide variety of custody solutions to choose from, and the new multichain feature enables organizations to access and bridge digital assets across EVM chains through their custodians—a profound offering for institutions, unlocking access to L2s and sidechains.
The MMI DeFi and Web3 Portfolio Dashboard is the next milestone we’ve reached in order to improve our investors’ experience. As more and more leading institutions take meaningful steps into the ecosystem, they will require a unified dashboard that streamlines portfolio management and investment activities.
“The Portfolio Dashboard is an institutional canvas created by the MMI team. It allows us to solve the most important needs for organisations, build a rich and tailored product and user experience, and rapidly innovate within DeFi and Web3 ”—Johann Bornman, Product Lead of MetaMask Institutional
This is the ecosystem’s first DeFi-focused dashboard for organizations. While today, there are dashboards that cater to retail and HNW users, and advanced portfolio management systems for institutional CeFi traders—MMI’s dashboard has been uniquely designed to cater to organizations engaging in DeFi and Web3.
We accomplish this by providing a consolidated view of DeFi assets across the Ethereum mainnet, Polygon, and BSC chains, with more EVMs to follow. We break down an organization’s DeFi portfolio and portray the data on one dashboard with time-weighted portfolio returns.
In addition, through the Portfolio Dashboard dapp, the MMI team is able to create smart contracts to further expand DeFi functionalities—something impossible to do on the browser extension. So really, the launch of the dapp is only the beginning.
The MMI team is building the features that organizations demand with a path to merging some of these features into the core MetaMask wallet—while the core MetaMask team continues to ensure the best decentralized experience for the broadest audience.
What is the MetaMask Institutional Portfolio Dashboard?
The Portfolio Dashboard is an expanded investor interface that provides a holistic overview of an organization’s portfolio, portfolio performance, individual assets, and historical transactions.
It is accessible as a decentralized application (dapp) with permissioned privileges for MMI’s clients, hence, it will only work with MMI wallets. The dapp uses an RPC command to pull data from an organization’s accounts across all EVM networks held within an MMI wallet.
The dapp includes a consolidated view of all tokens held across all networks, as well as a detailed token holding screen that includes performance, cost basis, and profit and loss. Investors will also be able to execute token swaps and obtain a detailed transaction history.
We liken the Portfolio Dashboard to a blank canvas because the interface allows the MMI team to build out further DeFi and Web3 functionalities that will increase the scope of interactions accessible by organizations.
Over the next two weeks we will include additional lending, borrowing, and LP positions, along with the ability to download data to CSV.
Why it matters.
The MMI DeFi and Web3 dashboard improves the investor experience by integrating value-adding features and APIs into a single expanded dashboard. Once foundational features are built by the end of this quarter, investors will be able to seamlessly execute the following actions:
Lending, borrowing, and liquidity provision
Buy, Manage, and Sell NFTs
Run pre- and post-trade compliance
Execute smart contracts
Access yield and fixed income products
Gather alpha from Consensys’ crypto economic research reports
Obtain portfolio attribution
We spent many hours with crypto funds over the last two quarters and found that spreadsheets were the most used portfolio management tool. We saw manual processes and hours spent entering data. On the reporting side, funds spend up to 10 hours each month trying to provide data that their fund admins can understand. The MMI dashboard was built to solve these user needs.
Our focus is to build a truly institutional product and user experience. Incorporating these features into the MMI DeFi and Web3 dashboard expands the utility of the dapp, and facilitates wider investor engagement across the ecosystem.