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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. 

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Ethereum 2.0 Launch Imminent

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Ethereum 2.0 reaches a new milestone

A few days ago we were talking about how it might be difficult for Ethereum to reach its deposit contract milestone. But, the Phase 0 beacon chain of the ambitious upgrade will make its delayed debut next week. Till now it was challenging, but it’s not bound to get easier later also.

It’s official – The launch is on December 1st

So finally the day arrives when there is a definite date for the launch. The milestone comes after sufficient ether was deposited into a smart contract that has paved the way for the triggering of ETH 2.0 mainnet beacon chain activation, 8 days from now.

The ETH 2.0 upgrade beginning needed a minimum of 524,288 ETH worth $316 million now to begin. As of now, the stakers will not get any access to their crypto for some time. They can be withdrawn when the Ethereum mainnet makes the transition from Proof-of-Work to Proof-of-Stake.

Slow and Steady

The deposit contract for ETH 2.0 was originally launched on Nov 4. The campaign has always been there, but it lacked the enthusiasm for a good start considering it was an Ethereum campaign. The Ethereum developers were keen and hopeful that the magic threshold would be reached sooner, yet it took its own time.

They were clocking on a Nov 24 release but on Nov 22, Ethereum co-founder Vitalik Buterin informed that the deposit contract had reached only midway to meeting the minimum target. So it is now clear that the maximum of funds came at the last minute which is what has made this commendable. 

ethereum 2.0

Source: ModernConsensus

Etherscan data shows that the value of the deposit contract has continued to grow consistently and the balance stands at 700,244 ETH. The threshold was slow to start but caught momentum at the 11th hour. It is important because now after a lot of speculation we have a definite date about when the first phase will commence. The project delay happened because of some technical snags at the start leading to scalability issues and exorbitant transactions. 

ethereum 2.0

Source: Etherscan

32 ETH was what was needed to become a validator and earn a stake on the Ethereum chain. At the current exchange rate, it costs close to $20 k per staking validator. Roughly speaking, the last 25% of the ether needed to meet the threshold was deposited in less than a 4-hour time period. 

The “Eth 2.0 Deposit Contract – Progress Meter Bot” also posted a tweet about the landmark achievement and stated:

“We have liftoff. Thank you to the devs, the researchers, educators, and community members who made this happen. See you on December 1st @ noon UTC.

Several supporters of Ethererum also understand that Ethereum 2.0 genesis phase 0 will start with the beacon blockchain which will be a baby-step in ensuring that the upgrade will have less of an impact on the main network. The upgrade will start in 6 days, and the Beacon chain will start the first phase of the decided four initial phases. 

Launch coinciding spike in Ether price

Cryptoquant has revealed that the value staked in the ETH2 deposit contract address has a correlation with the ETH  price. 

eth 2.0

Source: Cryptoquant

With ETH rising from $465 to $621 in a space gap of 7 days, the relatability is surely there because sentiments are high in the market. 

What needs to be remembered is that there won’t be any radical changes in how the mainnet operates overnight. The next big milestone will be the rolling out of shard chains which will dramatically improve the number of transactions per second that Ethereum can endure. It possibly could be achieved next year at the same point assuming things fall well in place. Both the blockchains will run parallel until they are merged and this could happen sometime in 2022.

The https://ethereum.org/en/eth2/beacon-chain/ says:

“Mainnet Ethereum will need to ‘dock’ or ‘merge’ with the beacon chain at some point. This will enable staking for the entire network and signal the end of energy-intensive mining.”

On the face of it, it sounds easy but the journey is fraught with risk. Ethereum is the world’s second-largest in terms of market cap and these improvements have to survive without spoiling anything that runs concurrently on it. 

Messari founder Ryan Selkis words were perfect when he tweeted:

“If you don’t celebrate when people accomplish big, audacious goals, you don’t deserve the next bull run. Eth2 is the definition of rebuilding a rocket in midair, so even if you’re a BTC diehard, be happy for the people who just launched the rocket.”


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Saffron Finance: SFI a new DeFi bluechip? This hidden crypto gem seems primed for massive growth.

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November 10, 2020

Saffron Finance or SFI, is currently one of the hottest defi projects right now that is still very much under the radar. 

Just as we have reported on YFI, CORE, and Curve long before most DeFi news organizations, this is one we’re definitely adding to our watchlist. 

Just like the aforementioned tokens, SFI seems to be in the same league of technical expertise mixed with an extremely creative application, all with code that is completely original. Here’s what you need to know about Saffron Finance.

What is Saffron Finance?

Saffron. Finance is bent towards innovative offerings in the crypto world. It is a protocol meant for the tokenization of on-chain assets. There is an advantage of the format of the tokenization of on-chain assets as it allows the liquidity providers great flexibility and unhindered access to the base collateral leveraging the benefits of staking.

Typically due to the overcrowding of different scenarios, Liquidity providers have to undergo insurmountable impermanent losses as a result of extreme volatility.

Yet, Saffron is one such protocol that narrows down such outcomes and provides liquidity providers with the necessary dynamic exposure. 

Customize your risk

Liquidity providers can now select and customize their risk and return profile with the use of Saffron Pool Tranches. Pools are segregated into different tranches each having their own set of properties. The different tranches here are:

AA Tranche: In this case, the LPs add liquidity to the AA tranche earn less interest but are protected and covered in case of loss from platform risk. The covered capital comes from the principal and interest earnings of A tranche LPs. They have a great share in the SFI token generation grabbing 80% from it all. 

A Tranche: Under this category, LPs add liquidity to the A tranche and earn far better interest compared to the previous, yet vulnerable enough to lose their interest in case they are exposed to platform risks. The liquidity providers under this tranche earn 10% of the SFI tokens generated per epoch. Their earnings will not be included in covering the first loss of AA tranches. 

S Tranche: The S tranche like the A tranche earns 10% of SFI generated per epoch. The S epoch has an underhand mechanism to maintain the exact value of the tranche interest multiplier. It maintains the position of equilibrium between A and AA tranches with its functionality. 

Saffron individually tokenizes the future earning stream and the NPV of the used-up capital in every tranche. The earnings-based on tokenized holdings are distributed across all tranches through payback waterfalls. 

Epochs

The Epochs are discussed in tranches are of 14-days in length. In the epoch period, the liquidity providers can earn interest on the platforms and mine SFI tokens – the native token of Saffron Finance. 

When liquidity gets locked in the pool, they can trade their Saffron LP tokens defining their ownership of the pool. But when the 14-day epoch period ends, the Liquidity providers can remove their liquidity with SFI mined and interest earned. The first epoch was already kicked off on 1 Nov and all the liquidity was added to the S tranche. The other two tranches will be available in the second epoch. 

Liquidity mining

Saffron has been launched with DAI liquidity mining. With this, all DAI will be added to the Saffron pool and is used for compounding and earning interest. The best part about it all is that in the future versions of the protocol additional currencies and platforms will be added dynamically.

SFI is generated at the end of the epoch and is redeemable in proportion to the total outstanding dsec tokens generated during that epoch. They are redeemable in proportion to the total outstanding dsec tokens generated in that epoch. 

saffron finance

Smart Contracts

Saffron smart contracts have already been deployed and their code has been verified on etherscan and already been added to a GitHub repository. The team is still working on code audits but the team’s ongoing development timeline has allowed for it and the entire set of Saffron smart contracts. The Saffron Pool, adapter, strategy, and token contracts have been tested with 10,000 DAI in the best test epoch on the Ethereum mainnet. 

SFI Pools and Adapters

The platform has pools of liquidity that collect deposited base assets from LPs and deploy them on platforms in order to earn interest. Adapters connect this pooled capital to platforms.

The already launched first adapter is DAI/Compound adapter which connects the DAI pool to the Compound platform giving the DAI pool LPs the chance to pool together and earn interest on Compound. This strategy connects all pools and adapters together, selects the best adapter for capital deployment. It also generates and distributes SFI tokens to LPs at the end of every epoch. 

By offering asset collateralization on its platform, liquidity providers have access to dynamic exposure and have a great advantage of selecting customized risk and return profiles. 

saffron finance sfi

Saffron Finance Telegram: https://t.me/saffronfinance
Website: https://saffron.finance
Twitter: twitter.com/saffronfinance_
Saffron Medium: medium.com/saffron-finance


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Ethereum 2.0 Launch: Staking, Launch Date, and More. Here’s everything you need to know.

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Ethereum 2.0 – what it is and why is it necessary?

Ethereum 2.0 is a major upgrade to the Ethereum Network that aims to improve the speed, efficiency, and scalability of the network. Ethereum is up for a major facelift with the new version release which will state to drastically improve its transaction volumes, alleviate congestion, and high gas costs. Upon reaching the final phase of the upgrade, dubbed as ‘Phase 2’ Ethereum will meet the goals of being a 100% transparent and open network for decentralized finance. 

Ethereum 2.0 will involve sharding to drastically augment the bandwidth and reduce gas cost making it cheaper to send Ethereum, tokens, and interact with smart contracts. The system will undergo fundamental economic changes also allowing support to stake nodes and earn Ethereum as passive income. Ethereum 2.0 is a unified effort of thousands of developers who have put in years of hard work.

The Ethereum 2.0 upgrade will be done in 3 distinct phases starting with Phase 0. After having faced criticism for the network’s high transaction costs and fragility during peak usage will Ethereum 2.0 stand up for the challenge? This we will come to know once the launch is successfully built and practiced. 

The next generation of Ethereum Blockchain will go live on December 1’st and will go from a Proof-Of-Work model to a Proof-Of-Stake model where participants can tie their crypto to the network as collateral. As per the announcement, for the launch to really happen, 16384 validators will have to stake a minimum of 32 Ether worth $12,800 at current market rates thereby underpinning the network. Once the threshold has been staked it will trigger the launch of Beacon Chain in the Ethereum 2.0 genesis event. 

What’s different about this time?

The most important change is that the consensus mechanism will transition from PoW to PoS which is touted to be more effective and energy-efficient in terms of network maintenance. Both PoW and PoS are designed to incentivize network maintenance ensuring that the blockchain data is tamper-proof. Hence in a PoW system, one unit of computational power equals one unit of mining power, and in PoS one unit of value secures one unit of mining power for the validator. 

In Proof of Stake validators stake crypto for the right to verify the transaction. The validators are selected to propose a block based on the amount of crypto they hold and the duration of how long they have held it. The main advantage of PoS is that it is far more energy-efficient than PoW as it disengages energy-intensive computer processing from the consensus algorithm. This also means that there is a lot of computing power to secure the blockchain.

The other big change is the introduction of network sharding which will happen at a later phase. Sharding implies that only a portion of the nodes has to validate any given transaction instead of all of them. This will directly increase the network’s throughput in a big way. 

The Process

ethereum 2.0 launch

The full roll-out of Ethereum 2.0 will take place in three phases: Phase 0, 1, and 2. Phase 0 as we know is aiming for a December 2020 launch date with other phases coming in the following years. Phase 0 is looking at the implementation of the Beacon chain that stores and manages the registry of validators and deploying the PoS consensus mechanism for Ethereum 2.0.

The original PoW chain will concurrently run alongside so that there is no break in data continuity. Phase 1 is due in 2021 and will see the integration of Proof Of Stake shard chains. 

Ethereum 2.0 will be arguably much better than its earlier version

One of the reasons calling for the upgrade has been scalability. Ethereum 1.0 can only support 30 TPS causing delays and congestions. Ethereum 2.0 promises up to 100,000 transactions per second through the implementation of shard chains. The new version has also been designed with security in mind. Most of the Proof of Stake networks have a small set of validators making it a more centralized system with poor network security.

Furthermore, Ethereum 2.0 requires a minimum of 16,384 validators making it ultra-secure. The Ethereum Foundation is also setting up a dedicated security team for Ethereum 2.0 which will research all the possible cybersecurity issues that plague the cryptocurrency sector. One of the top researchers for Ethereum 2.0, Justin Drake said that the research will also include “fuzzing, bounty hunting, pager duty, crypto-economic modeling, applied cryptanalysis, formal verification”. 

The co-founder of Ethereum Vitalik shared a roadmap of how the next few years things will pan out for Ethereum in the below-given tweet.

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