Zerion is a new open source protocol which can do a lot of things such as create a decentralized exchange, arbitraging platforms, market makers, futures markets, and much more.
Zerion is a blockchain based software which is designed to create a decentralized platform for decentralized exchange of financial assets. It facilitates the creation of new digital tokens based on Ethereum and mainnet smart contracts. The Zerion platform is designed to provide an easy to use and fully-featured solution for DApps and various other blockchain-based financial products.
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Brad Burnham, Venture Partner at Placeholder, stated, “Zerion is the perfect solution to bring DeFi to a broad audience.”
Zerion is a non-custodial global interface. With DeFi, users may lend, invest, borrow, trade, and more. Zerion is the crypto defi wallet for you if you’re seeking to connect and manage your assets. If you are an early user of the product, there is also the potential of receiving Zerion airdrop tokens in the near future. This post will provide you an in-depth look into Zerion. Let’s get started.
What exactly is Zerion?
Zerion is a non-custodial decentralized finance (DeFi) interface that does everything. It paves the road for you to keep track of and manage your DeFi portfolio. The dashboard is built with simplicity, user-friendliness, and clarity in mind. Zerion supports top DeFi apps with an intuitive UI. It’s also a non-invasive procedure. It implies that the user may take use of many of Zerion crypto’s features without exposing his or her funds.
It also enables users to manage their DeFi portfolios in real time. It is carried out via a number of protocols as well as Zerion’s wallet. The user may see the amount, transaction history, investments, and savings at a glance.
Who Were Zerion’s Founders?
Zerion was founded by Evgeny Yurtaev, Alexey Bashlykov, and Vadim Koleoshkin.
Evgeny Yurtaev is one of Zerion’s co-founders. He worked as a software developer for Google and Jufy Projects. He also has a lot of expertise with Ethereum-based blockchains.
Vadim Koleoshkin: Vadim Koleoshkin is the co-founder of Zerion and a businessman. He previously established Jufy Projects, a consulting company and an app development studio.
Alexey Bashlykov, the company’s third co-founder and CTO, is an android developer. At Jufy Projects, he collaborated alongside his co-founders.
Who are the Zerion investors?
In its initial round of seed financing, the Zerion technical team received $2 million in 2019. Placeholder, Blockchain Business Opportunities, and Gnosis are among the participants. There may be more minor investors that we are unaware of, but these are the top three backers of the famous Defi Dashboard project.
Ventures with a Placeholder
Brad Burnham, a Venture Partner at Placeholder and a former co-founder of Union Square Ventures, led the investment. Burnham finds Zerion’s idea attractive, comparing the DeFi’s development to that of the Internet.
Blockchain Ventures
Blockchain Ventures is a venture capital fund and a Blockchain subsidiary. It is also the most widely used cryptocurrency wallet builder in the world. Zerion, according to Samuel Harrison, Managing Partner at Blockchain Ventures, is making DeFi simple and easy to use for its customers.
Gnosis
Gnosis is Zerion’s last partner and investor. They are well-known for their work in developing decentralized prediction markets. They’ve also assisted businesses in securing approximately $300 million in tokens and Ether.
What Is DeFi Dashboard and How Does It Work? What is the purpose of the DeFi Dashboard?
Users may receive realtime metrics using Defi Dashboard. It assists them in decrypting the DeFi area and selecting the appropriate DeFi goods. In Metamask or Etherscan, it’s difficult to keep track of all Zerion token exchanges and DeFi transactions. DeFi users may also get information for other protocols. DeFi Swap, Curve, Bancor, and Uniswap are among the names on the list.
Is Zerion a safe place to visit?
Zerion’s crypto wallet is a non-custodial DeFi interface, as previously stated. It implies that no one else can see the user’s secret keys. They also have no access to the user’s money without the user’s consent. Zerion crypto ensures that you have complete control over your account.
Furthermore, users may only give others access to their money if they share their private keys with them. Users of Zerion are advised to be cautious of typical DeFi fraud tactics. Additionally, do not share any private keys with anyone.
Review of Zerion
Zerion crypto gives your DeFi portfolio 360-degree exposure. You have access to everything, including your balance history, vaults, open loans, and interest earned. Users may also have access to everything in one location with a user-friendly interface.
Furthermore, the user has control over the user’s safety and security access in Zerion crypto. It is safeguarded in every way. You may also review all of your trades and transactions.
Zerion is simple to use, requires no KYC, and is completely decentralized. It is a Web3 wallet that links to your Ethereum wallet. They make it simple to see all of your ERC-20 tokens in an one dashboard. Everything is simple to follow straight from Zerion’s dashoard if you regularly liquidity pool or exchange tokens.
Uniswap Liquidity Pool Zerion
You may have heard of Uniswap as an Ethereum-based exchange. Uniswap is a decentralized trading platform. It takes the form of two smart contracts that run on the Ethereum blockchain. It is an entirely on-chain market maker that enables ERC20 tokens to be swapped.
Uniswap also enables users to participate in ERC20 token liquidity pools. Furthermore, its users may be able to earn commissions in the form of exchange fees. Uniswap Liquidity Pooling and Yield farm tokens on other exchanges are also a breeze using Zerion. It acts as a hub for all DeFi platforms, allowing you to manage your investments from a single location. Not only that, but in the Decentralized Finance (DeFi) sector, Zerion has the lowest ETH Gas transaction cost.
Uniswap also enables users to participate in ERC20 token liquidity pools. Furthermore, its users may be able to earn commissions in the form of exchange fees. Uniswap Liquidity Pooling and Yield farm tokens on other exchanges are also a breeze using Zerion. It acts as a hub for all DeFi platforms, allowing you to manage your investments from a single location. Not only that, but in the Decentralized Finance (DeFi) sector, Zerion has the lowest ETH Gas transaction cost.
In the ‘Invest’ page, customers may add liquidity to Bancor or Uniswap liquidity pools to receive incentives. For both processes, a full list of the top pools is provided, and users may opt to add or remove liquidity through Zerion.
Users may also deposit a variety of Zerion tokens for lending purposes. In the ‘Save’ tab, you may also earn interest by using Compound. Users may view a list of tokens with information like as the interest rate, the amount invested per token, and the interest earned per token. The total dollar amount deposited and earned is shown at the top of the page. SAI, DAI, WBTC, ZRX, REP, BAT, ETH, and USDC are currently supported by Zerion crypto.
Adding Liquidity To A Liquidity Pool With Zerion Pools
Zerion supports single-transaction liquidity pools such as Uniswap, Sushi, Curve, and Balancer. It provides simple methods for you to earn passive income from your cryptocurrency. The liquidity pool transactions, unlike the conventional approach, were traded against a smart contract. Anyone, on the other hand, may become a liquidity provider.
The procedure begins with the deposit of cryptocurrency into a liquidity pool. You will then be paid trading fees in proportion to their pool share.
The steps to investing in a liquidity pool are outlined below.
Step 1: Log in to Zerion Connect Wallet and access your DeFi portfolio.
Step 2: Connect your wallet and double-check that it is connected.
Step 3: Navigate to the ‘Pools’ tab.
Step 4: Click on any liquidity pool to get a description of the asset, as well as its performance and important data.
Step 5: When you’re ready to buy a pool, choose the currency you’d like to use and enter the appropriate amount. The transaction builder on Zerion will identify and execute the lowest route for your deal. However, before purchasing a pool share using Zerion tokens, you may need to authorize them.
Step 6: In your crypto defi wallet, confirm the transaction.
Step 7: You’ll be able to monitor pool shares from the portfolio after putting your assets in the pool. When you click on the asset, you’ll see your Profit/Loss, Average Cost, Daily Return, and Fees Paid.
Borrow Zerion
The ‘Borrow’ option in Zerion crypto enables customers to take out collateralized loans. It starts with Compound (or Maker in case borrowing DAI). Furthermore, the list of possible tokens is identical to that of the ‘Save’ page, with the exception of WBTC. The amount of the loan and the kind of collateral are entered by the users. They might then anticipate a collateral amount and an APR rate.
Step 1: Type ‘Borrow’ into the search bar and choose ‘New Loan.’
Step 2: Choose your loan amount and collateral. Select ‘Borrow’ from the drop-down menu.
Step 3: You have the option of repaying the loan whenever you choose. You must go to the ‘borrow’ tab, search for ‘Total debt,’ and then touch ‘Repay.’
Top De-Fi Aggregators: Zapper vs. Zerion
The decision between Zapper crypto and Zerion defi is entirely based on the requirements of the user. Users seeking for a solution for liquidity pooling and yield farming, on the other hand, prefer Zapper over Zerion’s dashboard. In addition, Zapper has a distinct advantage when it comes to LPs. Users that need access to borrowing and lending, on the other hand, will prefer Zerion’s dashboard.
Zapper allows users to invest in any yEarn vault using a variety of assets. Zapper first translates the Zerion token to the appropriate format (USDC for the yUSDC vault or YFI for the yYFI vault), then deposits it. Zerion crypto, on the other hand, tends to include more protocols. However, yield farming interfaces for Bancor and Uniswap are presently available on this platform.
Zerion’s dashboard is also more efficient than Zapper’s. Zapper, on the other hand, offers in-depth information. It includes Synthetix exchange costs that may be claimed.
Zerion Review – Takeaway
Zerion has set its sights on being a jack of all trades by adopting a long-term strategy to become the greatest platform for all DeFi investments. It belongs to the type of software that saves you time when it comes to monitoring transactions and calculating profits and losses. Zerion is your solution if you utilize Defi. As a result, it is reasonable to anticipate Zerion to serve as a central center for interfacing with DeFi.
Your Metamask wallet is the best method to access all of your crypto through Zerion’s UI. Wallets like MyEtherWallet, MyCrypto, Gatehub Wallet, and Breadwallet are currently Zerion’s finest alternatives.
Zerion is a decentralized application on the Ethereum blockchain. DeFi asset managers are an emerging class of smart contracts, designed to automate the process of performing the role of a financial adviser. These applications are designed to be limited to handling a specific type of asset, and to avoid the security risks that have plagued the more popular smart contract platforms.. Read more about zerion bsc and let us know what you think.
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