Get instant access to lending opportunities on Compound and Fulcrum.
|DeFiZap||Nov 15|| 2|
IMPORTANT UPDATE: Multi-collateral DAI is live! Read more here. Keep in mind this Zap is using legacy DAI (SAI), we will be launching Zap with MCD soon.
What does Super Saver Zap do?
Your deposit is automatically allocated 50% to cSAI and 50% to iSAI which represent your SAI (legacy DAI) supply balances on Compound and Fulcrum.
For example, if you send 1 ETH to SuperSaver.DeFiZap.Eth:
0.5 of your ETH will be converted to cSAI.
0.5 of your ETH will be converted to iSAI.
It’s important to note: when you use DeFiZap, you mint & receive the same liquidity/position tracking tokens as when separately using Uniswap, Compound, bZx, Synthetix, etc. on your own.
DeFiZap doesn’t spread your money into 'top 10 on coinmarketcap' - Zaps infuse capital into DeFi protocols built on top of Ethereum, furthering user adoption.
We do not charge any fees, all Zaps are free to use and we don’t control or hold any users funds. If you want to, as someone providing great UI for your end users, you could charge a fee, again that is up to you. Hit us up if you are interested in doing that on discord: https://discord.gg/FjDj3Xf
DeFiZap.com UI Walk-through:
STEP 1: Navigate to https://defizap.com/zaps/supersaver and click ⚡️USE THIS ZAP
STEP 2: Select your desired buy amount, confirm with Metamask signature and wait for the transaction to settle.
You can follow progress on etherscan. Here’s my transaction: https://etherscan.io/tx/0x962e61db0347948f167476ce76e9559dc5236bdef2e8411a6d9660c2a42494a5
Super Saver Zap smart contract has been registered with the Ethereum Name Service under SuperSaver.DeFiZap.eth so that adding liquidity on Uniswap is as easy as sending a text.
Note: make sure your gas limit is set to 3,000,000
What happens after you deposit ETH to Super Saver Zap?
It’s important to note: when you use DeFiZap you get back liquidity/position tracking tokens, same ones you would receive if you were manually interacting yourself on Fulcrum or Compound or Uniswap - just using less gas and abstracting in some cases as much as 8 Metamask interactions into 1. DeFiZap doesn’t spread your money into 'top 10 on coinmarketcap' - Zaps infuse capital into DeFi platforms, furthering user adoption for DeFi.
After deploying ETH through Lender Zap. you can visit Compound + Fulcrum to see how much interest you've earned or make a withdrawal.
Quick video guide by Chris Blec:
Disclosure: This is not investment advice. Please consult your own independent investment advisor before making any investment decisions.