Creating your account
Creating your own self-custodial, onchain portfolio account with Amasa is a simple process.
Step 1. Connect your wallet to create a self-custodial portfolio on Base or Arbitrum One.
Currently Amasa accounts can be created on the Base, and Arbitrum One networks.
You can setup separate portfolios on Base, and also on Arbitrum One.
There are different asset options available for portfolios on different networks.
If you need to add these networks to your wallet, there are guides available online for each wallet provider you should be able to easily find with a web search.
Once you have added the network/s you want to create an account on, you can proceed.
All users are required to confirm they are not a "Restricted Person" before creating an account on the Amasa web app. Because the Amasa app is a non-custodial DeFi application, KYC is not currently required, however that could change at any time without notice.
Read the Terms of Use and Restricted Persons information, check boxes if applicable to proceed
Sign confirmation in MetaMask popup confirming again that you are not a Restricted Person
If you are a Restricted Person and elected not to proceed, or your IP address recognises you are in a location restricted from accessing the app, you will not be able to setup a portfolio.
If that is the case, follow Amasa on X and hopefully in the future we will be able to unblock your location pending regulatory clarity or regulatory support in your region.
If you are able to proceed, you can set up an Amasa portfolio.
ETH is the currency used to pay gas fees on Base and Arbitrum, all transactions are powered by ETH. You should hold enough ETH to pay gas for a few transactions. We recommend holding at least 0.0001 ETH in your wallet for Amasa account setup. Actual gas cost depends on various factors, you may need much less or more than this.
If you have no ETH, you can add some through MetaMask by swapping other tokens to ETH or buying ETH through Metamask.
With ETH in your wallet for gas, you can create an Amasa portfolio.
Step 2. Create your Auto Allocation portfolio.
The purpose of Auto Allocation is to enable easy and efficient distribution of tokens deposited into your account, across multiple crypto tokens, indexes or yield bearing options. This is done with one-to-many swaps by the Amasa smart contract - deposits of a single eligible token can be allocated into multiple different tokens.
The options available will evolve over time.
For a token / cryptocurrency asset to be eligible as an option, it has to have enough liquidity to be traded/ swapped on decentralized exchange on the applicable network via dex swap aggregator 1inch - these swaps are done by the Amasa smart contract using the 1inch API.
Current options offered in Auto Allocations on Amasa :
Pick your own mix of the options listed that appeal to you, by selecting from the available options and your desired percentage of each.
This mix will be saved as your account portfolio and any tokens deposited into your account will be swapped proportionately into your selected mix.
Amasa can be used for a dollar cost averaging (DCA) approach where onchain earnings from using web3 apps are deposited regularly, as opposed to trying to ' time the market'. Amasa does not recommend any particular style of investing or provide financial advice.
What is dollar cost averaging?
Relative Risk rankings
Each asset has been assigned a Relative Risk ranking - this is a subjective, viewpoint based, general guide only, and should not be considered financial advice or an indication of actual risk. The rankings are 1-5 with 1 being the lowest and 5 the highest.
The rankings are based on general information obtained from review of market sentiment across various sources and may be subject to change anytime. The rankings are based on subjectively assigned relative risk between available assets and in comparison to other available digital assets in the market.
For example, USDT is considered relatively lower risk than WBTC, which is considered relatively lower risk than wstETH, which is considered relatively lower risk than other assets available in the market. This is why USDT has a ranking of 1 and WBTC has a ranking of 2.
The asset baskets available on Base ; DeFi on Base, AI on Base ; have higher relative risk rankings to reflect elevated levels of risk with multiple tokens in one basket, and relative risk factors within each token.
No guarantees are made to the accuracy of the relative ranking at any time, or as a true indication of risk in any way. The rankings should not be used for any decision making basis and is not financial advice, always do your own research and consult a professional financial advisor before making any financial decisions.
Your allocation total must be 100% to continue to the next step - signing the transaction on Base or Arbitrum One to save your Auto Allocation settings, and create your onchain self-custodial portfolio.
Click the confirmation button in the app to proceed, then take the required actions in the MetaMask popup which will appear, and then wait for the transaction to confirm which will happen in MetaMask first, then the app.
If there are any issues with the transaction, check FAQ or Support.
You will be able to change your allocation after setup at any time, but any deposits made before the change will remain in the existing allocations.
Only new / future deposits will be split across the updated allocation settings, but portfolios can be rebalanced - see Manual Deposits and Rebalancing.
Funds in your portfolio are held by you as a user in your connected MetaMask wallet.
Step 3. Explore your Amasa dashboard, set up auto deposits and make a manual deposit.
Check out your dashboard.
With your auto allocation portfolio created, you can start things off with a manual deposit of WETH.
If you don't have WETH, you can swap other tokens on Base or Arbitrum, or cross-chain swap into WETH to make a deposit and start building your portfolio, all within the app.
You can also send WETH from another wallet to your connected wallet.
Follow the prompts in the app and MetaMask popup to confirm the deposit transaction.
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