Optimization of portfolio safety: when and how to use many tokens to jump
As a Solana user, the management of many token accounts for the same type of token may initially seem contrary to intuition. However, there are scenarios in which the use of many token accounts is needed for safe wallet management. In this article we will examine when you should use many token accounts and provide step instructions on how to create more.
When to use many token account
Before immersing ourselves in the “A” section, we examine the situation in which a portfolio account would usually have a token account:
- Decentralized Financial Platforms (Defi) : On default platforms such as Uniswap, Sushiswap or Curve finance, it may be necessary to manage many tokens accounts for various cryptocurrencies or tokens.
- Bracking and Management : Solana setting mechanism allows users to vote on proposals and participate in management discussions. The use of many token bills can help keep separate voting positions and avoid conflicts of interest.
How to create many token account
To create many token accounts, follow the following steps:
- Create a new portfolio account : before creating an additional token account, make sure you have a dedicated Solana portfolio account that meets the platform requirements.
- Create a new class of resources : for Solana CLI or using the “Solana Crea-Assent Createment, creates a new class of resources for the desired token. This will give a unique identifier and will allow you to manage many tokens in this class of resources.
3.
Example of output
Here is an example of creating two additional token accounts with Solan CLI:
`Bash
Solana Crea-ASSE-Nazwa "MyAsset" -Address "MyNewtken"
Solana Create-Token-Set MyNewtken-Output-Name "MyToken"
4.
Bash
Solana Add-Token-Mynewtken-Output-Nazwa "MyAsset" -Address "MyNewtken"
`
Best Practice
Although the creation of many token accounts may seem contrary to intuition, it is necessary to follow the best practices:
* Use a separate portfolio account
: keep each activity class and an individual account account in a separate dedicated portfolio.
* Avoid replacing resources : when adding tokens to the activity class, make sure they will not replace any existing resource or uselessly update their sales.
Application
Although the use of many token account may seem like a complex process, it is necessary to optimize the safety of the wallet for salting. Following these guidelines and best practices, you will be able to effectively manage many token accounts and maintain the integrity of your wallet.
