Zerion is an interface for DeFi which allows users to invest, trade, lend, and borrow assets. With Zerion, users can manage their DeFi portfolio across multiple accounts and track their assets in real-time with live price updates and push notifications.
Zerion has natively integrated popular DeFi protocols like Compound, Uniswap and Maker – allowing users lend their assets and earn interest, buy and sell DeFi tokens, borrow stablecoins, and provide liquidity to various DEX pools from one central interface.
Catch 'em all! Track your complete #DeFi portfolio from a single interface.
We've added support for 8 more protocols 🤯
— Zerion 🏦 (@zerion_io) March 3, 2020
Zerion was launched in 2017 with a mission to empower people around the world with efficient, transparent, and censorship-resistant financial services. It was co-founded by Evgeny Yurtaev and Vadim Koleoshkin, who serve as the CEO and COO respectively. The team bootstrapped Zerion with their own funds for the first two years of development.
In December 2019 Zerion announced a $2 Million seed funding round led by Placeholder, with participation from Blockchain Ventures and Gnosis. The Zerion team stated that the funding would be used to accelerate development and add support for more DeFi services.
Zerion acquired MyDeFi in March 2020. The team plans to add improvements and integrate new protocols like Aave, Curve, and iEarn to MyDeFi while keeping it active on all platforms and maintaining separation of the brands. These efforts are part of Zerion’s larger push to make protocol integrations across wallets and dApps a smooth and simplified process.
Why use Zerion’s DeFi Solution?
Zerion is one of the first easy-to-use interfaces that aggregates access to the open protocols of decentralized finance. One of the biggest factors constraining DeFi adoption is the ease of use (or lack thereof), and Zerion is addressing that with their platform. It’s non-custodial, does not require personal information, and is globally accessible with the same guaranteed open access as the underlying protocols themselves.
From Zerion’s inception through the end of 2019, the platform processed $16M in Compound deposits, originated $19M in transactions, supplied $2M in liquidity to Uniswap in less than a month, won an award for the best UX in the Ethereum ecosystem at Devcon 5, and won first place at a Y Combinator hackathon with the ‘Defy’ app. Zerion’s protocol aggregation and impressive UI/UX is facilitating the sustained growth of their interface.
Products & Features
All of Zerion’s features can be found at https://app.zerion.io/. Users can sign up with Fortmatic or connect a supported wallet like MetaMask, Ledger, or WalletConnect. After connecting, they will see their ‘overview’ homepage:
The left window shows which wallet is connected and allows for users to add additional wallets. On the top of the page, Zerion displays the Ethereum address of the connected wallet while allowing assets to be sent and deposited. The top right corner of the interface shows the equivalent US Dollar (or selected fiat currency) value of all assets along with the 24hr change in value. In the middle of the page users can find a chart of their portfolio performance, any savings and interest earned, and a list of all assets stored in the selected wallet.
In the ‘History’ tab, users can see a dated history of all their wallet transactions and are able to filter by address, protocol, asset, or transaction type.
The ‘Save’ tab is where users can deposit a variety of tokens for lending and earn interest through Compound. They can see a list of available tokens, each one’s interest rate, the amount deposited per token, and the interest earned per token. The total dollar amount deposited and earned is displayed at the top of the page. Zerion currently supports the lending of DAI, SAI, USDC, ETH, WBTC, ZRX, REP, and BAT.
Zerion’s ‘Exchange’ tab allows users to buy and sell tokens through an intuitive interface that connects to Uniswap, Kyber, 0x, and other decentralized exchanges. It displays the token being paid with, the token to receive, the exchange rate, and automatically selects the decentralized exchange with the best deal or will split the order across multiple if needed.
The ‘Invest’ tab is where users can add liquidity to Uniswap or Bancor liquidity pools in order to earn rewards. A list of the top liquidity pools for both protocols is displayed and users can choose to add or remove their liquidity to any of them directly through Zerion.
The ‘Borrow’ tab is where users are able to take out collateralized loans through Compound (or Maker if borrowing DAI). The list of available tokens is the same as the ‘Save’ tab minus WBTC, and users are able to enter the loan amount and collateral choice to see the expected collateral amount and APR rate.
Once selected, the user sees a page where they can deposit collateral across any available tokens and see their available credit for borrowing, total debt, credit limit, utilization rate, and history for that loan.
As you can see, Zerion is building quite a compelling dashboard for an end-to-end DeFi experience.
To keep up on all things Zerion, we recommend following the project via their official social channels: