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Zapper.Fi Review : An Introduction

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Zapper.Fi An Introduction (DeFi Zap)

DeFi is not just a  temporary buzzword, it has become a success in reality with its gaining traction every passing day. DeFi can boast some of the most exciting projects crafted for the community and DeFi Zap is one such. 

Zapper.fi is a blockchain-based cryptocurrency investment platform. It is a smart contract that auto-spreads incoming deposits across diverse DeFi protocols based on pre-set allocations. Users can send ETH to a Zap contract of their choice and get their allotted tokens easily. Essentially DeFiZap is a dApp that uses many DeFi protocols in combination to uncomplicate the ease of use, saves time, and also transaction costs. 

Zapper.fi

More on Zapper.Fi (DeFi Zap)

It lets for collaborating the features of a majority of Ethereum’s DeFi platforms like Maker, Compound, Uniswap, Kyber network, and many more. When a user opens DeFi Zap they are faced with a detailed questionnaire asking what kind of investing they truly believe in and what experience they hold in dealing with DeFi products. After getting to know the user strategy, he/she is directly routed to one of the Zaps ready-to-use. You can also long ETH with two-times leverage on Fulcrum and supply liquidity on Compound in just one-click by transporting ETH to Lender Zap smart contract.

Why use a Zap?

To understand this, we will be learning two concepts – Zapping in and Zapping out. Zaps allows users to get into a DeFi position in just one transaction which is called Zapping in. Let’s assume that you already have ETH and are looking to seek a position in the Uniswap ETH-DAI pool. If the past history shows that this yield 6% in the last 3 months, yet you believe that ETH to USD will remain at flat levels, the pool fees will surge the yield above the savings rate of DAI. In a more routine and regular sense, if you need to get into that position, you have to go into the rigmarole of processes by supplying half ETH and half DAI, probably 3-4 transactions and a lot of time. But with Zap, all this can be done in just one click!

We hope you have understood what zapped in is. So you are already zapped into the Uniswap ETH-DAI position and made a profit. Now you want to come out which is zap out. You can Zap out the exact way you zapped in which is one transaction! 

You can enjoy further benefits:

  • Integration with 19 DeFi platforms
  • Users can now diversify their liquidity distribution across diverse liquidity pools with multi-pooling
  • You can access the best pooling opportunities from a single interface 
  • More than $200 million already invested with more than 100k zappers monitoring their assets on a regular note.

DeFiZap +DeFi Snap = Zapper.Fi

Zapper Fi was conceived when the DeFi Zap and DeFi Snap merger took place taking the zap in and zap out the ability to astronomical levels making it the most demanded portfolio analytics tool. Zapper Fi is a community-owned platform leveraging the composability of open finance as well as token-based incentives to facilitate relationships between Zap builders and Zappers. All your DeFi assets can be managed from one single and simplistic interface. 

Zapper.Fi provides a superior asset management platform that integrates the ecosystem tracker of DeFi snap and Zap’s coherent entry into every opportunity. Zapper comes with several interesting features including Zips and multipooling.

Zapper.Fi :Advantages

We have already provided a lot of advantages but let us elaborate on them for you.

  1. The first and the most attractive advantage DeFi Zap allows is the simplification of the financial process. The user does not have to enter multiple platforms. Zaps allows you to deploy ETH across protocols in one go with access to staking, lending, and staking from your wallet.
  2. If you do it manually, you are wasting a lot of time. Uniswap interface will not allow you to pool all your ERC 20 tokens with residual left always but with DeFi Zap the leftover is very less.
  3. The questionnaire at the beginning helps you to understand what type of investor you really are. It aligns your investment goals and risk tolerance with the zap it suggests. 

Zapper.fi is surely an emerging project on  DeFi and effectively showcases the true strength of composability by collaborating lending, margin trading, and pooling elements into unique zaps. 

zapper.fi

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Delta Token : DEX Gamechanger Launching Soon. Will it be a Uniswap Killer?

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Delta Token : Here’s what you need to know

Delta Token is the tokenized version of partially locked liquidity that will run on the soon to be launched, next-generation decentralized exchange called CoreDEX.

The new Delta token launched by Delta Financial (from the cvault.finance team) will play a significant role in changing the norms of DeFi and DEX’s in general.

The cvault. finance team makes their new entry to space with CoreDEX, continually pushing the boundaries, and it’s as revolutionary as ever.

Uniswap was fantastic when it first came out and still is in many ways, yet it is fairly one-dimensional.

This next-generation decentralized exchange is like Uniswap on steroids. It’s a magnificent thing to behold-offering not just token swaps a la Uniswap, but also:

  • Collateralized loans
  • Options Trading
  • Leveraged Positions
  • Locked Liquidity futures
coredex

The connection between the underlying assets and options markets often takes longer because the options trading market is often marred by a highly illiquid nature vis-a-vis the spot markets. The poor liquidity position in the options markets has led to an undue and uncalled-for increase in premiums in options prices. The ratio of low liquidity and the high premium is inversely proportional which also makes them highly volatile. 

Delta Financial is entirely aware of the apparent loophole and has solutions and liquidity standards enabling it to deploy an on-chain options layer so that it can scale up to meet the market forces. 

Delta Financial has two types of liquidity:

  • Open vesting liquidity that takes place through the Delta vesting schedule
  • Permanent Locked liquidity

Open Vesting Liquidity

Apart from utilizing that locked liquidity, the CoreDEX will also offer a new type of liquidity provision called Open Vesting liquidity. With this new provision temporarily locked liquidity will be offered to those who are looking to participate in CoreDEX without the need to buy CORE LP. 

One of their team members 0xdec4f said this:

The team studied the trends in DeFi a lot and saw that while locked liquidity creates certainty, it does not attract as much capital inflow as “free” liquidity does. You can see this in protocols such as Uniswap or Sushi.

We saw billions in TVL being moved from Uniswap to sushi over a very short time and that shows also the disadvantage of this type of liquidity. If it’s free to move, it will move wherever it can get the most value.

That’s when the team realized that currently, we have two extremes when it comes to liquidity.
Free Liquidity (sushi/uniswap) <———-> locked liquidity (CORE)

Both have advantages and disadvantages. Instead of picking up free liquidity and adding that to the platform we decided to develop a new form of partially locked liquidity and tokenized it, and that’s what Delta is.

The funds raised in the initial staking window will be used by the team to fund Delta’s long-term development. Out of the total, 26% will go to build strategic partnerships and 10% will be kept aside for research and development. 

CORE can be locked in the CoreDEX migration contract and earn fees from CoreDEX alpha and beta. This will be until the testing phase after which the platform will stabilize further and the user can be done as planned. The team is basically building two sections for coreDEX namely:

  • CORE will focus on sustainable yield generation. This will take place through token trading and lending products. 
  • DELTA will address the dearth of options and futures in the market and will go a long way in curbing and eliminating impermanent loss. 

The new product combinations combine to create a system for options liquidity providers. This way it will remove impermanent loss because the system has been built from the ground level to ensure liquidity provision.

Delta Token Vesting Schedule

Delta has an innate vesting mechanism built on its token which is pushed when a transfer is triggered. The vesting period is based on a block number schedule and is activated when Delta is transferred. 

Out of the maximum, users get 10% of the token balance while 90% is initially locked. Over a 2-week period, it will be released in a linear fashion. When a token transfer happens it rules out the vesting schedule. This way the immature tokens get distributed to the vault in the form of staking rewards. 

delta token vesting

It has come up with novel ways to create new instruments and tokenized products such as yield-producing volatility, great concept of futures based on locked liquidity, leveraged positions, collateralized lending, and much more. 

The users can trade all of these offerings easily in a highly liquid market. CoreDEX will run on a new liquidity provider token. LPs from CoreVault can easily trigger migration to the new core LP token. This way the platform will rebase its liquidity pool depending on the market conditions. The platform also ensures that the holders are provided with revenue sharing. 

The Core community is standing strong with three liquidity pools wherein CORE has around 60 million + in locked liquidity.


Delta distributor contract



Liquidity Rebasing Token (LRT)

The Delta team scores again with their outside of the box thinking with their liquidity rebasing token. They describe it here:

A new generation of tokens is in development which has an LP rebasing mechanism. It aims to limit the amount of LP tokens generated, making them more exclusive. Following an algorithmic rebasing raise, the LP mint price increases while the liquidity pool size stays the same. As a result, the price of minting new LP tokens becomes increasingly expensive to the point where they are unobtainable, creating a truly scarce LP token.

https://medium.com/core-vault/coredex-black-paper-ff51542fb8ac

Deep Farming Vault

The deep farming vault is yet another ingenious facet introduced by the Delta Financial team. The medium article states: “The Deep Farming Vault collects and distributes Delta, based on the unique Delta Vesting Schedule mechanism. Users deposit Delta or rLP tokens to earn a yield, the smart contract uses those assets to secure the unique liquidity deployments of the protocol.

In the deep farming vault users can earn both Delta tokens and ETH.

delta financial

Limited Staking Window

This is how you contribute to get delta tokens before it officially launches.

As of 2/25/21, nearly 5000 ETH has been raised and there are 6 days left in the limited staking window.

Those contributing are hoping to replicate the out-of-this-world ROIs they achieved during the cvault.finance launch. The ambition of this project is incredible, and if it succeeds would be a total game-changer in decentralized finance.

You can learn more about the details of the limited staking window here.

delta token


If you are contributing, make sure to use this to receive 10% bonus in ETH on your contribution.


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BAO FINANCE CRYPTO: WHAT IS IT?

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BAO FINANCE CRYPO TAKING OFF! WHAT IS IT?

Bao Finance crypto token has exploded recently with unprecedented growth due to its numerous unique features. Bao Finance focuses clearly on providing a fair and equitable distribution and the creation of synthetic assets. It is an innovative second layer for synthetic assets that have been built on top of Uniswap, SushiSwap, and Balancer.

Bao Finance will use an upgraded version of the SushiSwap farming infrastructure and intends on capitalizing on the yield farming distribution model. However, at present, the APY is very attractive to farmers.

The BAO Finance crypto token acts as the governance token for the community-run project. It also is backed by an insurance fund where all the BAO fees get accumulated. 

Bao Finance crypto
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BAO creates a second-layer protocol and the users will utilize the assets from Uniswap, SushiSwap & Balancer to take part in the BAO ecosystem. BAO finance can also be seen as the first L2 DeFi that aims to add its protocol’s features to existing infrastructure. Users will be able to generate synthetic assets by using their LP tokens from other protocols. This has many benefits as users will be able to:

Earn fees and yield rewards by being a Liquidity provider in Uniswap, SushiSwap, and Balancer.

They will also be able to earn rewards in $BAO by staking their LP tokens as collateral. They also can issue furthermore, synthetic assets to invest in other assets. Essentially speaking BAO finance focuses on early distributive equity and the generation of synthetic assets. 

Yesterday, February 4, Hotbit launched BAO Finance on its global section. The deposit function was launched yesterday at 9.00 AM UTC and the trading function was launched at the same time yesterday. The launch comes with the unraveling of 2 trading pairs – BAOFI/USDT, BAOFI/ETH for the same. Hotbit cryptocurrency exchange is also a cryptocurrency trading platform that integrates different forms of solutions like spot trading, financial derivatives, and DAPP also integrated into one platform. 

The most interesting thing about yield farming here is that there are several hundreds of LP pairs available to yield farms. Though users will only get 5% of the BAO token which they farm the remaining period will be the vesting period of over 3 years with a 1-year cliff!

bao finance crypto

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AAVE CRYPTO ASSET SOARING

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AAVE SOARING TO NEW HEIGHTS AS IT BREAKS $500 USD

AAVE is on fire reaching new all-time highs in rapid succession. As of today, February 4th, 2021, an earth-shattering volume of nearly 3 billion dollars of AAVE was traded in the past 24 hours.

Aave clocks in a new ATH ever since the v2 migration tool launch

Aave (AAVE) has been going strong ever since February began. In just 5 days, AAVE has increased by 76% and today the token hit a new all-time high of $520. The protocol to date has successfully captured users and has done well against its competition. The latest rally for Aave started on Jan 28 when the protocol announced the v2 migration tool. The tool allowed users to easily migrate all account information including the borrowed positions and staked tokens. 

The new tool also facilitates easy migration of user information to the updated protocol. Recently on the 1’st of February, the team from Aave protocol posted an update about the same:

“Today is the last day to vote on the AIP to add $BAL on Aave V2.”

A day following the announcement the proposal was passed by the community. The Balancer (BAL) was added on Aave 2 and it was around that time that AAVE rallied from $284 to $300.

The DeFi platform of AAVE is also rejoicing since the platform is undergoing immense upgrades. As per DeFi pulse, the total value locked in the DeFi protocol is now at $4.96 billion ranked second after Maker which has $5.16 billion in total value locked. 

AAVE, which is the 15th largest coin in terms of market cap, also recorded a staggering 24-hour trading period. Its trading volume in the last 24-hours touched $2.4 billion! Treyce Dahlem who is a research analyst believes that the recent surge in AAVE price has been fuelled by the big players and institutions who are becoming increasingly interested in DeFi.

He added, “Billionaire Mark Cuban recently spoke about the “unlimited upside” of DeFi and according to a snapshot of his on-chain portfolio, he is an AAVE whale holding more than $150,000 worth of the token. Grayscale recently filed more than a dozen altcoin trusts with Delaware’s corporate registry, one of those altcoins being AAVE. Additionally, Bitwise added AAVE to their Bitwise 10 Large Cap Crypto Index. These announcements have caused investor sentiment to reach a new YTD high of 83.5 (very high).”

aave crypto
https://www.coingecko.com/en/coins/aave

AAVE is quickly becoming a household name in DeFi for its revolutionary approach to decentralized lending, and our analysts believe that with the stellar leadership of Stani Kulechov, the Founder and CEO of AAVE, we predict AAVE will move into the top 10 digital assets quite quickly.

It seems apparent that AAVE is the de facto industry leader in its sector, and we surmise that it will be the perfect way for the everyday individual to get their feet wet with DeFi.

Recently, the migration tool from V1 to V2 was made available:


aave

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