🛠️Gitcoin Grants Contrubution Round 6 is here!

It’s been just over a month since DeFiZap & DeFiSnap joined forces to create Zapper.Fi - the lean mean DeFi machine providing you with easy on-ramps to the endless opportunities in open finance.

Since our launch in December, we’ve seen a constant influx of new users, integrations and volume. We’ve pioneered new Zap primitives - like zUNI - which leverage Synthetix liquidity incentives to constantly earn you more ETH.

For those who missed it, most recently we launched Pool Pipes - a tool to combat liquidity fragmentation by letting users easily and efficiently move liquidity between pools.

Paired with our recent Balancer integration, it’s safe to say that Zapper is quickly becoming the most diverse place to move capital around the DeFi landscape in an intuitive and cost effective manner.

The Future of Liquidity Mining

As many of you know, Balancer recently launched their Liquidity Mining incentives - rewarding LPs with native governance tokens (BAL) for providing capital to the platform. However, what you may not know is that Balancer is constantly tweaking these rewards based on a number of parameters like feeFactor, ratioFactor and wrapFactor.

While we won’t go into the specifics of each in this post, the key point here is that leaving your liquidity in one place is no longer the most profitable use of capital. In fact, with projects like Curve soon to announce governance tokens too, we suspect that DeFi farmers will need to keep their finger on the pulse to keep up with the most efficient asset allocations.

Now, while this could easily become a full time job in and of itself - this is why we built Zapper. Rather than having to stay on top of every single trend, our vision is to create a platform which can help you easily identify new income opportunities and shift liquidity around as you see fit.

With this, yield farming can be cheap, efficient and intuitive. But, in order to get there we need your help.

As we outlined in our merger, Zapper is entirely self-funded. This grassroots effort is exactly what has allowed us to be as active as we are regarding integrations and community sentiment.

In the coming months, we want to further this initiative. To this end, we ask you to consider donating to our Gitcoin Grant. All the proceeds from this round will be used to further our product development and receive formal security audits.

We expect this summer to be an absolutely Cambrian explosion for DeFi and want to make sure we’re well positioned to capture it all.

If you or your project want to help us on our journey, come join us on Discord.

Remember - every 1 DAI donated on Gitcoin can have upwards of 100 DAI worth of impact. If you’ve ever Zapped In or Out, consider this your way of paying it forward. Currently

Until then, we look forward to bringing you the best asset management experience DeFi has to offer!

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Show Your Support on Gitcoin

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*Please note that Zapper.fi is an experimental project. Zapper.fi is not providing any investment advisory or recommendation service. By using Zapper.fi or its services, you agree that you are using the Services at your own risk and that you will not and do not hold Zapper.fi or its team members liable should the services not perform as per your expectation. Zapper.fi is not a licensed financial advisor under any law. Please consult your own independent investment advisor before making any investment decisions.

⚖️Adding Liquidity to Balancer Pools⚡️

Earn BAL tokens on top of pool returns.

What is Balancer?

Guest post originally published on Bankless by Fernando, co-founder Balancer Labs & Nodar, co-founder Zapper

Balancer is an AMM protocol that allows anyone to provide liquidity to existing Balancer pools or create one themselves. Each Balancer pool is composed of 2 to 8 tokens. Each of the tokens makes up a percentage of the total pool value: these are the token weights that are chosen at the moment of pool creation. The mathematical properties of Balancer protocol ensure that the value percentage of each token in a pool will stick closely to the weight even as the market prices of the tokens themselves vary. 

A Balancer Pool is a self-balancing index fund

This means that each Balancer pool is a self-balancing index fund itself. But it gets better. In a conventional index fund the investor has to pay a fee for the rebalancing service, but in a Balancer pool the liquidity provider is actually rewarded for their service of providing liquidity to the protocol. They earn fees while their index funds are continuously rebalanced for them. 

Extra incentives

On Monday, June 1st at 00:00 UTC (i.e. at midnight from Sunday to Monday), Balancer Labs will start considering liquidity held on Balancer protocol for the distribution of governance tokens. So on top of earning fees, liquidity providers will be rewarded with BAL tokens. To participate just add liquidity to any Balancer pool.

How to add liquidity to Balancer Pools via Zapper.Fi

STEP 1: Visit Zapper.Fi & connect with your wallet.

STEP 2: Click ‘Invest’ & view available liquidity pools. You could type in Balancer to display only those liquidity pools.

STEP 3: Choose which Balancer pool you would like to join & enter how much liquidity you would like to add.

STEP 4: Confirm the transaction & you will receive Balancer Pool Tokens which are ERC20 tokens that track your liquidity provided to the protocol. Here’s a sample transaction adding 1 ETH to the WETH/DAI/USDC pool with Authereum wallet:

Once your transaction is confirmed you will be able to view a detailed breakdown of all your liquidity provided on Balancer’s Explore page: https://www.zapper.fi/balancer

Coming soon…

  • Removing liquidity from Balancer Pools.

  • Re-balancing liquidity between Balancer<>Uniswap<>Curve Pools.

What else would you like to see? Let us know on Discord.

Add Liquidity to Balancer Pools

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*Please note that Zapper.fi is an experimental project. Zapper.fi is not providing any investment advisory or recommendation service. By using Zapper.fi or its services, you agree that you are using the Services at your own risk and that you will not and do not hold Zapper.fi or its team members liable should the services not perform as per your expectation. Zapper.fi is not a licensed financial advisor under any law. Please consult your own independent investment advisor before making any investment decisions.

🛡️Authereum Wallet Tutorial

How to use Zapper.Fi with no gas fees.

STEP 1: Sign up for a free on authereum.com/signup

STEP 2: Click on the confirmation link from your email

⚠️ Before continuing from here it is highly recommended you set recovery options and 2FA.⚠️

STEP 3: By default, your preferred token is set to DAI which means DAI will be used to pay for gas fees. (currently 9 transactions per week are sponsored so anything over those 9 will start incurring gas fees). To change your preferred token go to ‘Settings

STEP 4: Fund your account with ETH or any ETH based token/collectible by sending to your new wallet address OR purchase crypto via built in Wyre integration

STEP 5: Once your deposit has been processed visit Zapper.Fi, click ‘Connect Wallet’, choose Authereum, click ‘Invest’, enter your input amount, and when you click confirm your transaction starts processing. Note how there are no pop ups to re-confirm your transaction from your wallet as it happens when you use Metamask. You will see how many sponsored transactions you have left in the top right corner. Here’s a video illustration below and tx hash: https://etherscan.io/tx/0x97c1d82f29aea82a5c713017977d575ed4a7e40ec6be42e8069c4433704a7209

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Nodar.DeFi⚡️.eth @NodarJ
Or you're using @authereum with 9 sponsored transactions per week💯🤫 ⚡️I just added liquidity on Uniswap V2 in less than 20 seconds without worrying about any gas costs🤑 We have this wallet integrated on
Zapper.fi👈check it out & let me know what you think!

Julien Bouteloup @bneiluj

If you make any transactions right now you are either OG, rich or into economic suicide. Gas is too expensive. $ETH 🔥

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To learn more about the benefits of being an early adopter and shaping our product, join our Discord.

*Please note that Zapper.fi is an experimental project. Zapper.fi is not providing any investment advisory or recommendation service. By using Zapper.fi or its services, you agree that you are using the Services at your own risk and that you will not and do not hold Zapper.fi or its team members liable should the services not perform as per your expectation. Zapper.fi is not a licensed financial advisor under any law. Please consult your own independent investment advisor before making any investment decisions.

🚰Defragmenting liquidity with Pool Pipes.

We’ve spent the last few months refining liquidity provisioning experiences across DeFi. Uniswap V1 has been our main focus and we are happy to see improved UX attract more new users into Uniswap, and ultimately into DeFi.

The concept of adding/removing assets to/from liquidity pools with a single asset became known as Zapping in/out within the community. 

Note: since all Zap inputs are first allocated into appropriate assets required for pools, each Zap transaction not only adds liquidity but also volume to Uniswap. At least half of the input is always swapped within the same pool. This of course generates immediate fees for liquidity providers.

Today we’re excited to introduce another new feature to help reduce liquidity fragmentation throughout DeFi - Pool Pipes!

What’s a Pool Pipe?

Unipooling easily adds/removes liquidity to/from any pool.

Multipooling allocates liquidity across multiple pools at the same time.

Pool pipes seamlessly re-balance liquidity between pools.

How does it work?

Let’s assume you’re providing liquidity in the sETH pool on Uniswap earning trading fees + SNX rewards. 

You noticed that Synthetix just started distributing SNX rewards to Curve sUSD liquidity providers as well.

To move some of your liquidity from Uniswap sETH Pool into Curve’s sUSD Pool, you would need to perform at least 4 on chain transactions:

  1. Remove liquidity from sETH pool on Uniswap

  2. Use ETH portion to buy DAI 

  3. Use sETH to buy USDC

  4. Add DAI + USDC on Curve

Uniswap V1 <> Curve Pipe cuts this down to one!

Walk-through tutorial:

STEP 1: Visit Zapper.fi & connect your wallet.

STEP 2: View your liquidity pool balances & click ‘Rebalance’

STEP 3: Choose which platform and which pool within that platform you would like to move some or all of your current pool’s liquidity into.

STEP 4: Click confirm once ready to initiate the transaction.

Note: if this is your very first time interacting with pool pipes you will need to confirm an approval transaction at first so you will see 2 requests to confirm. Here’s a sample sETH->sUSD pool piping transaction: https://etherscan.io/tx/0xf3029af4efae7a82aff195f1f4a3961f0b2fb5c24af8806cb0bc31a80a54abbc

Available Pool Pipes:

While some of these may seem similar, each pipe contains optimizations to help you re-balance your assets with the least slippage.

When to ‘pipe’ aka rebalance?

Rebalance trigger parameters will differ based on your investment goals and risk profile but in general could be based one of these:

  • Shifts in liquidity provisioning incentives.

    • We saw this example with SNX shifting some incentives from sETH pool on Uniswap to sUSD pool on Curve.

  • Shifts in trading activity within liquidity pools.

    • As other pools start catching traction, liquidity providers could capture extra yield moving some assets to those pools.

    • Example: let’s say you are currently providing liquidity in the DAI/ETH pool on Uniswap V1 which currently averages ~$750K in daily exchange volume with ~$5.5M total liquidity supplied. As you might already know, fees generated from exchanges are proportionally split between all the liquidity providers of that pool. So what you are really looking for are pools with the highest volume/liquidity ratio to generate the most fees per $ supplied. Doing a quick sort by Vol/Liq on Zapper’s Explore Opportunities table, we can see how USDC/ETH pool is a great alternative as the volume is higher while total liquidity supplied is roughly the same. Also, this pool pair retains your previous pool’s asset exposures (ETH+STABLECOIN). Keep in mind, some trading activity spikes might be temporary so it’s important to analyze longer time frames to get better average estimates.

  • General market shifts.

    • As prices of underlying assets change, liquidity providers could diversify by reallocating liquidity between pegged and stable pools.

    • Example: let’s say you are currently providing liquidity in the WETH/ETH pool on Uniswap (aka ETH pegged pool) and ETH price just doubled in the last 24 hours. You might anticipate some pull-back so you want to sell some of your ETH. But instead of simply selling, you could rebalance some of your liquidity straight into the highest yield generating stable pool on Curve. Now while you are waiting to ‘buy the dip’, your stablecoins are generating fees. To buy back in simply rebalance back into the WETH/ETH pool.

  • Pool yield optimizations.

    • As any yield hacker knows, opportunities in DeFi need to be capitalized ASAP. With pool piping, it’s never been easier to move liquidity around the DeFi ecosystem. Each pool pipe is a general smart contracts so once a pipe is deployed between two underlying platforms, anyone is able to instantly move liquidity between ANY pools within those platforms. Builders could deploy their own auto-rebalancing logic which uses pool pipes to shift liquidity based on set logic.

Why Should I Care?

As you can probably tell, Zapper is in the process of building something much bigger than a way to access pools.

Thanks to composability we’re constantly exploring exciting new ways to provide unique solutions - and offering an easy interface to customize your own.

With features like Multipooling and pool piping, we aim to accelerate user adoption and experimentation of entirely new user cases in DeFi.

To get started with Pool Piping, head on over to Zapper.f

Stay up to date with all things Zapper via our official Twitter and if you are interested in building with Zaps reach out to us on Discord.

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Over the coming months, we’ll continue to offer users the flexibility to tailor their DeFi experience using a suite of no-code features built for enthusiast of all shapes and sizes.

Until then, stay Zappin’ my friends!

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*Please note that Zapper.fi is an experimental project. Zapper.fi is not providing any investment advisory or recommendation service. By using Zapper.fi or its services, you agree that you are using the Services at your own risk and that you will not and do not hold Zapper.fi or its team members liable should the services not perform as per your expectation. Zapper.fi is not a licensed financial advisor under any law. Please consult your own independent investment advisor before making any investment decisions.

🚀Introducing Zapper.fi

DeFiZap is merging with DeFiSnap!

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From day one, DeFiZap focused on abstracting away the complexities of composing and accessing the most innovative opportunities in open finance. 

Since launching Beta in December:

💸 $13M+ deployed into DeFi

🤩 by 1,500+ unique users

⚡️ via 5,000+ Zaps

❌ saving 18,000+ transactions

🕑 or 400+ hours

From being able to supply liquidity to Uniswap pools with a single asset via Unipooling Zaps to keeping your desired asset exposure via Leveraged Liquidity Pooling Zaps and registering Zaps with ENS - ease of use from composability has always been the defining element of DeFiZap.

The term “Zap” has become a household name within the DeFi community and we are excited to keep pushing the boundaries of financial composability.

Today, we’re excited to expand on that vision by merging with one of the most exciting and rapidly growing projects in our space - DeFiSnap!

The combination of DeFiSnap and DeFiZap has become Zapper - one organization, with one mission: accelerate DeFi adoption.

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💕Why Snap+Zap=<3

If you haven’t put two and two together yet, DeFiZap and DeFiSnap is like a match made in heaven.

First off, both projects are very organic and we’re both proud to have bootstrapped our way to this point.

Our core focus is on shipping - not flipping.

When it comes to the products themselves, DeFiSnap offers the most DeFi integrations of any assets management tool in the ecosystem.

DeFiSnap’s intuitive dashboard to easily track positions paired with DeFiZap’s system of smart contracts to deploy capital across multiple DeFi protocols in one transaction, create a holistic user experience to tap into and monitor the wider DeFi ecosystem.

It unlocks a unified way to keep track of different strategies while opening the door for anyone to be able to compose custom Zaps via a user-friendly interface. 

No more having to keep track of different URLs, interfaces, contract addresses or exchanges. With Zapper, DeFi has never been easier, cheaper or more accessible.

But the biggest driver of this merger is our desire to work with Seb Audet - DeFiSnap’s fearless leader!

We’ve been in constant discussion with Seb since he started the project, giving us a front-row seat to his endless hustle, insight, and innovation night after night. 

🛠️New features

Not only will Zapper offer a new and improved investing interface, it also comes packed with analytics and an ability to add liquidity to MULTIPLE pools on Uniswap in a single transaction. View tutorial.

🆓No Fee May

All Zap ins were always free and a small fee was applied ONLY for Zap outs into a single asset. These fees were collected in pool tokens and have never been touched still.

We have plans to use this pool to reduce impermanent losses for longer term LPs but to aid our users TODAY, we’re removing Zap out fees during May!

In the coming weeks we will be rolling out a whole slew of new features! Until then, stay put as we’ll be back with more progress updates before you know it 👋

GET STARTED ON ZAPPER.FI

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DeFiZap @DeFi_Zap
🥳EXCITING NEWS: @defisnap + @DeFi_Zap are merging to create
Zapper.fi - the ultimate hub for DeFi⚡️ 🆕Website: Zapper.fi 🆕Documentation: Docs.Zapper.fi 🆕Feature: Multipooling🧲docs.zapper.fi/invest/multipo… Why Snap+Zap? Thread 👇

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To learn more about the benefits of being an early adopter and shaping our product, join our Discord.

*Please note that Zapper.fi is an experimental project. Zapper.fi is not providing any investment advisory or recommendation service. By using Zapper.fi or its services, you agree that you are using the Services at your own risk and that you will not and do not hold Zapper.fi or its team members liable should the services not perform as per your expectation. Zapper.fi is not a licensed financial advisor under any law. Please consult your own independent investment advisor before making any investment decisions.

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