The project reduces the time, cost, and hassle of managing positions across different DeFi projects, ultimately aiding in fragmentation by creating a central, non-custodial dashboard to migrate between top income opportunities. Popularized by the term “Zaps”, Zapper allows users to deploy capital through custom smart contracts – reducing the cost while seamlessly converting tokens like ETH to the necessary positions for any given platform.
The project recently announced a Pool Pipes feature – allowing users to shift capital between different liquidity pools in a few clicks.
For those unfamiliar with DeFiZap, the project spawned out of the Kyber DeFi Virtual hackathon – where they won first place in the Winter of 2019. You may recall our interview with the founder – Nodar Janashia – where we discuss the roots from DeFi Tutorials and future vision to make DeFi as accessible as possible!
DeFiZap allowed users to quickly deploy capital into numerous income opportunities like Uniswap liquidity pools through Zaps. Paired with investment appetite surveys and unique makeups like Leveraged Liquidity Positions, DeFiZap provided unique DeFi onramps which mitigated standalone hurdles like impermanent loss. DeFiZap was one of the top grant recipients of Gitcoin Grants Round 4.
On the flip side of the merger is DeFiSnap – a dashboard for tracking DeFi positions in top protocols like Synthetix, Set Protocol, dYdX and Compound. As one of the top grant recipients of Gitcoin Grants Round 5, many had praised DeFiSnap for having the most extensive amount of DeFi integrations in the wider asset management ecosystem. While users were unable to deploy capital through DeFiSnap, it served as a great place to track all of your outstanding positions across different sectors like wallets, investments and liquidity pools.
Using Zapper, users can track their positions across all of the top DeFi protocols including:
Beyond seeing allocations broken down different asset classes and platforms, Zapper allows users to deploy capital into their supported products using the Invest tab. Here uses can choose to allocate capital into platforms like Uniswap, breaking down the asset being pooled (like UMA) and the allocation relevant to other pools being entered.
Once deployed, users can “Zap In” and “Zap Out” – entering and exiting positions through the Zapper dashboard. Users also have the ability to Rebalance by shifting capital to other, more suitable investment opportunities.
One of the more novel aspects of Zapper is the composable nature of specific Zaps like the Synthetix sETH/ETH Liquidity Incentive pool. For those unfamiliar, users can earn SNX inflation by providing capital to the sETH/ETH Uniswap pool. With Zapper, users can stake and unstake their UNI tokens along with claiming rewards through the dashboard.
With the recent release of Pool Pipes, users will soon be able to port their liquidity across different platforms like Curve, Balancer and Uniswap all through the Zapper dashboard. The core concept is to save time, money, and hassle – and Pool Pipes do exactly that.
If one thing is for sure, Zapper is quickly evolving into a premier asset management platform for DeFi. Backed with tons of community support, Zapper is entirely self-funded, giving them the freedom and flexibility to approach their future in a holistic, organic manner.
Why Snap+Zap? Thread 👇 pic.twitter.com/4ZhN2ucRmP
— Zapper.Fi ⚡️ (@zapper_fi) May 1, 2020
The company has been said to be exploring different governance opportunities, all of which and more can be learned by joining their Discord.
We’ve been quite impressed by Zappers continual ability to ship amazing features, and have no doubt that this merger creates a strong foundation for the project to make some serious waves in the coming year.
To stay up with the project follow them on Twitter here.